GBPUSD remains range-bound between roughly 1.3160 and 1.3560, and the last six sessions have unwound the June rally to sit near the 1.3300 psych level. The slide is largely a Dollar/geopolitics story rather than UK data, with price now trading below both EMA(20) and EMA(50) after rejection off the 1.3435 cap. The pair is retracing most of the 1.3160-1.3557 advance, with RSI cooling toward the low 40s but not yet oversold.
Support: 1.3300, 1.3162
Resistance: 1.3435, 1.3557
What it said to watch
FOMC Wed and BoE Thu are the dominant catalysts and could materially reset this read
Daily close below 1.3300 exposes the deeper 1.32 handle and 1.3162 swing low
Reclaim of 1.3435 cap would reassert the upper half of the range
21:02 UTC
Range-bound, pulling back · RSI 41 · price 1.33192
Range 1.32-1.36, testing lower third.
GBPUSD has been range-bound between roughly 1.3200 and 1.3560 since the mid-June low, and the last six sessions have unwound the early-July rally back to three-week lows near 1.3300. The digest frames this as a USD safe-haven/fiscal-risk story rather than UK data, with price now sitting below both EMA(20) and EMA(50) after rejecting the 1.3435-1.3558 cap. RSI in the low-40s reflects the recent leg down without reaching oversold.
Support: 1.3300, 1.3140
Resistance: 1.3435, 1.3558
What it said to watch
FOMC Jul 29 and BoE Jul 30 are the dominant catalysts and could reset this range read
Daily close below 1.3300 exposes the 1.32 handle and the 1.3140 swing low
Reclaim of 1.3435 would put the top of the range back in play