21:00 UTC
Broad range, mid-channel drift · RSI 45 · price 1.3416
Two-month range between 1.3150 and 1.3690, currently mid-range.
Cable has spent the last two months oscillating in a 1.3150–1.3690 range after the late-January rejection at 1.3870. Price is mid-range and pinning the EMA50, with RSI flat around 45 — no clean directional read on D1. Recent USD weakness on US-Iran ceasefire headlines has helped stabilise GBPUSD off the 1.3315 swing low but not enough to break back above 1.3500 psych.
Support: 1.3315, 1.3159
Resistance: 1.3500, 1.3590, 1.3689
What it said to watch
- Daily close above 1.3500 psych reopens the 1.3590 swing high and range high at 1.3689
- Daily close below 1.3315 swing low confirms a lower-low and exposes 1.3159 range low
- Hawkish Fed commentary (Musalem-style) could pressure GBPUSD back toward range low