21:00 UTC
Broad range, recent recovery stalling · RSI 48 · price 1.3456
Multi-month range between 1.3150 and 1.3850.
GBPUSD has spent roughly four months oscillating in a wide 1.3150–1.3850 range, with the late-January spike to 1.3870 and the early-April retest near 1.3610 forming a broad double top. Price has since drifted back toward the middle of the range and is now sitting just below both EMA20 and EMA50 around 1.3510, with RSI flat near the midline. The latest recovery from 1.3315 stalled at 1.3510, leaving the pair in mid-range with no directional commitment.
Support: 1.3315, 1.3150
Resistance: 1.3510, 1.3660, 1.3850
What it said to watch
- Daily close below 1.3315 swing low would confirm a lower-low and shift the read toward the 1.3150 range floor
- Daily close back above 1.3510 ema50 would reopen the path to the 1.3660 may high
- UK seasonal-adjustment concerns flagged by TD could weigh on GBP if upcoming data confirms softer momentum