Lower highs off 1.3280; double low at 1.3202–1.3204.
Monday's London-open rally to the 1.3280 week high has been fully unwound. Tuesday's NY session drove cable to 1.3202 as 10y yields above 5% and a DXY test of 101.50 kept the dollar bid, briefly undercutting Thursday's 1.3204 to form a double low. The 23-pip late-NY rebound drew a rejection at 1.3233, where the weekly open meets the 38.2% fib of the Monday–Tuesday drop, and price now sits just under EMA(20) with RSI(14) near 48, holding Tuesday's 1.3222 prior low.
Support: 1.3222, 1.3202
Resistance: 1.3233, 1.3255, 1.3280
What it said to watch
H1 close above the 1.3233 weekly open and the lower-high trendline reopens the 1.3255 tuesday high
Loss of the 1.3222 prior low exposes the 1.3202 double low; a close below 1.3200 breaks the range floor
UK Q2 GDP final (06:00 GMT) and US core PCE (12:30 GMT) on Wednesday could materially shift this read
Only a recovery through the 1.3280 week high negates the lower-high sequence
Lower highs from 1.3280 week high; 1.3200 floor held twice.
Monday's London-open rally stretched to a 1.3280 week high in NY. That was a false break above Friday's 1.3263 high, and Tuesday's London-NY transition unwound it to a 1.3202 week low as US 10y yields above 5.2% kept the dollar bid. The late-NY rebound from 1.3200 has lifted RSI(14) from ~31 to 48 and reclaimed EMA(20) near 1.3229, but price sits at the 38.2% fib of the Mon–Tue drop, just under the 1.3233 weekly open, with EMA(50) at 1.3235 and the lower-highs trendline above.
Support: 1.3229, 1.3202
Resistance: 1.3233, 1.3252, 1.3280
What it said to watch
H1 close below the 1.3202 week low breaks the 1.3200 floor that also held Thursday at 1.3204
Close above the 1.3233 weekly open and the lower-highs line near 1.3240 puts the 1.3252 lower high back in focus
Slip back under EMA(20) at 1.3229 would mark the rebound as a rejection at the weekly open
UK Q2 GDP final at 06:00 GMT, then US ADP and core PCE at 12:15–12:30 UTC Wed, could materially shift this read
21:03 UTC
Range, sellers capping from Monday high · RSI 46 · price 1.32305
Lower highs since Monday's 1.3280 peak; 1.3202-1.3204 floor tested twice.
Monday's London-led rally to the 1.3280 week high gave way to a steady Tuesday slide as US 10y yields pushed above 5.2%. The NY session drove the drop to a 1.3202 swing low, a rejection that matches Thursday's 1.3204 floor. Price has since bounced to the 38.2% level of the Mon-Tue drop near 1.3232, just above the ema20 and at the 1.3233 weekly open, with RSI(14) back near 46, while the lower-highs line from Monday's peak now runs near 1.3241, below the 61.8% fib at 1.3250.
Support: 1.3229, 1.3202
Resistance: 1.3233, 1.3250, 1.3280
What it said to watch
H1 close below the 1.3202 swing low breaks the range floor and the 1.3200 psych level
Acceptance above the weekly open and the lower-highs line, then the 61.8% fib at 1.3250, would negate the Tuesday lower-high sequence
Recovery through the 1.3280 week high would reopen the top of the range
UK Q2 GDP final at 06:00 GMT, then US ADP and core PCE Wed 12:15-12:30 UTC, could materially shift this read
Four-day range 1.3202–1.3280 with a lower high Tuesday and a marginal new low.
Monday's London-open push stalled at the 1.3280 week high. Tuesday's decline then unwound the whole move as 10y US yields above 5.2% lifted the dollar, and NY-session selling tagged 1.3202, a pip or two through Thursday's 1.3204 week low. The sweep drew a late-NY rebound to 1.3228, so price now sits on EMA(20) (~1.3229) but below EMA(50) (~1.3236). The rebound has stalled just under the weekly open at 1.3233–34, which lines up with the 38.2% retrace of Tuesday's decline, while RSI(14) holds at 44 and the Monday low at 1.3221 is the nearest support.
Support: 1.3221, 1.3203, 1.3200
Resistance: 1.3234, 1.3252, 1.3280
What it said to watch
H1 close back above the weekly open at 1.3234 and the lower highs trendline (~1.3240) would neutralise Tuesday's decline and bring the lower high at 1.3252 (61.8% retrace) into play
H1 close below the week low at 1.3203 and the 1.3200 psych level would turn the sweep into a range break lower
US ADP (12:15 UTC) and core PCE (12:30 UTC) on Wed could materially shift this read; UK Q2 GDP final at 06:00 GMT is the earlier, lower-impact test
Renewed push toward the 1.3280 week high tests whether Monday's rejection still caps the range top
19:03 UTC
Range with a fading Mon–Tue leg; momentum neutral after the rebound · RSI 49 · price 1.3229
Lower highs from the 1.3280 week high, with a double low at 1.3202–1.3204.
Monday's London-open rally reached the 1.3280 week high in NY hours but met rejection there. Tuesday's Asia and NY sessions unwound the move through the weekly open at 1.3233 and below the Monday low. Price reached 1.3202, forming a double low with Thursday's 1.3204, as US 10y yields above 5.2% kept the USD bid. The late-NY bounce to 1.3229 is testing EMA(20) and the 38.2% retrace of the Mon–Tue fade, with RSI(14) back near 49 from the low 30s, while the lower highs since Monday remain intact.
Support: 1.3221, 1.3202
Resistance: 1.3233, 1.3252, 1.3280
What it said to watch
H1 close below the 1.3202 double low and 1.3200 psych would break the week's floor and extend the lower highs
Recovery above the 1.3233 weekly open and the 1.3252 lower high would neutralise the Mon–Tue fade; 1.3280 week high above
Losing the 1.3221 monday low again returns focus to the double low
Waller at 19:00 UTC today, then ADP 12:15 and core PCE 12:30 UTC Wed; UK Q2 GDP final 06:00 GMT Wed could shift this read
18:02 UTC
Downtrend within weekly range, pressing range base · RSI 40 · price 1.3216
Monday rally fully retraced; lower highs into a retest of the 1.3202–1.3204 range low.
Monday's London-open rally to a 1.3280 week high has been fully unwound. During Tuesday's NY session price dropped from the 1.3252 lower high to a 1.3202 week low as US 10y yields pushed above 5.2%, despite the JOLTS miss. Price now sits below EMA(20) near 1.3227 and the 1.3233 weekly open, retesting Thursday's 1.3204 low at the base of the week's range, with RSI(14) near 40 and not yet oversold.
Support: 1.3202, 1.3200
Resistance: 1.3227, 1.3233, 1.3252
What it said to watch
H1 close below the 1.3200 round number and the 1.3202 week low breaks the range base and confirms a lower low
Recovery above ema20 and the 1.3233 weekly open (38.2% of the Mon–Tue drop fib) would show the selloff stalling; the 1.3252 lower high and the lower-highs trendline sit above
Fed's Williams and Waller tonight, then US ADP and core PCE Wed 12:15–12:30 UTC, could materially shift this read; UK Q2 GDP final at 06:00 UTC is the lower-beta catalyst
17:02 UTC
Downtrend since Monday's high, momentum heavy · RSI 34 · price 1.3205
Lower highs from 1.3280, testing the 1.3200–1.3204 swing low.
Monday's NY-hours push to the 1.3280 week high failed. Tuesday has printed lower highs through Asia and London, capped at the 1.3252 Tue high, before a sharp NY-session slide as US 10y yields above 5.2% took DXY back to its 101.50 high. Price now sits below both EMAs and is retesting Thursday's 1.3204 swing low near the 1.3200 psych level. RSI(14) at 34 is weak but not yet oversold, and 1.3228 at the H1 ema20 is the first overhead reference.
Support: 1.3202
Resistance: 1.3228, 1.3252, 1.3280
What it said to watch
H1 close below 1.3200 breaks the swing low and confirms a lower-low below the week's range floor
Recovery above the ema20 at 1.3228 and the lower highs trendline would neutralise the Monday–Tuesday drop
Holding above the Tue high at 1.3252 (61.8% of the Monday–Tuesday drop) would reopen the week high at 1.3280
Fed's Williams (18:00 UTC) and Waller (19:00 UTC) today; US ADP and core PCE Wed 12:15–12:30 UTC could materially shift this read
UK Q2 GDP final Wed 06:00 GMT, a secondary catalyst into the Asian-to-London transition
16:01 UTC
Range with lower highs since Monday's high · RSI 36 · price 1.32149
Monday high 1.3280 rejected; Tuesday lower highs pressing the range floor.
The Monday NY-session push to 1.3280 was rejected, and Tuesday has printed lower highs at 1.3255 and 1.3252. The final drop came in the London-NY transition as US yields above 5% kept USD firm despite soft JOLTS. Price has lost the weekly open at 1.3233 and the Tuesday london low at 1.3221, and now sits 10 pips above Thursday's swing low at 1.3204 with RSI(14) in the mid-30s and both EMAs overhead.
Support: 1.32041, 1.3200
Resistance: 1.3221, 1.32329, 1.32522
What it said to watch
H1 close below the 1.3204 swing low and 1.3200 round number breaks the week's range floor
Reclaim of the london low at 1.3221 and the weekly open at 1.3233 would neutralise the intraday lower-highs line
A break above the 1.3252 lower high would negate Tuesday's lower-high sequence
Fed speakers today (Williams, Waller) plus UK Q2 GDP final and US PCE on Wednesday could materially shift this read
15:01 UTC
Short-term downtrend since Monday's high · RSI 41 · price 1.32278
Lower highs and lower lows below 1.3280, deep retrace of the Fri–Mon advance.
The Fri–Mon advance from the 1.3204 swing low met rejection at the 1.3280 Monday high during NY hours. Since then the pair has printed lower highs at 1.3255 and the 1.3252 lower high. Tuesday's NY session added a lower low at 1.3217 (today low) as DXY retested 101.50 and US yields held above 5%, with the soft JOLTS print largely ignored. Price sits below the EMA(20) near 1.3238 and the EMA(50), about 69% into the Fri–Mon advance, while RSI(14) holds near 41 and has not reached oversold.
Support: 1.32174, 1.32041, 1.3200
Resistance: 1.32383, 1.32522, 1.32799
What it said to watch
H1 close back above the 1.3252 lower high breaks the lower-high sequence and reopens the 1.3280 Monday high
Failure to hold the 1.3217 today low and the 1.3204 swing low exposes the 1.3200 round number, flagged in macro commentary as the break level
Pullbacks stalling at the EMA(20) near 1.3238 keep the downtrend structure intact
Fed speakers this afternoon, UK Q2 GDP final (Wed 06:00 GMT) and US ADP/PCE (Wed) could materially shift this read
14:01 UTC
Short-term lower highs within a 4-day range · RSI 39 · price 1.32274
Lower highs off Monday's 1.3280 high, flat lows at 1.3221.
Monday's London-open rally to the 1.3280 week high has fully unwound. Tuesday's Asia and London sessions printed a sequence of lower highs as a firm USD, backed by 10y yields above 5% and DXY at its 101.50 two-month high, capped sterling. The London-NY transition bounce stalled at the 1.3252 lower high, the 50% retracement of the Mon-Tue drop, then reversed to 1.3224, leaving price under the ema20 (~1.3240) with RSI(14) near 39 and demand holding the 1.3221 week low twice today.
Support: 1.3221, 1.3204
Resistance: 1.3240, 1.3252, 1.3280
What it said to watch
H1 close below the 1.3221 week low exposes the 1.3204 last wk low and the 1.3200 round number
Reclaim of the ema20 near 1.3240 and a close above the 1.3252 lower high breaks the lower-highs sequence
US JOLTS at 14:00 UTC and BoE Taylor at 15:30 UTC could materially shift this read
UK Q2 GDP final (Wed 06:00 GMT) and US ADP/Core PCE on Wed are the next event risk for the range
1.3204–1.3280 range; lower highs today, higher low vs Thursday.
GBPUSD ran from the weekly open at 1.3233 to a week high at 1.3280 into Monday's NY session after Ramsden's hawkish BoE remarks. It gave that back through Asia and London today as US 10y yields held above 5%. The London dip met demand at the 1.3221 day low, near the 78.6% level of the Thursday–Monday swing and above last week's prior-wk low at 1.3204, and price has recovered to a flattening EMA(20) near 1.3243 with RSI(14) at 48. Lower highs at 1.3280 and 1.3255 now converge with higher lows from Thursday into a tightening range.
Support: 1.3233, 1.3221, 1.3204
Resistance: 1.3255, 1.3280
What it said to watch
H1 close below the 1.3221 day low breaks the higher-lows sequence and exposes the 1.3204 prior-wk low and 1.3200 pivot
H1 close above the 1.3255 lower high breaks the lower-highs line from the 1.3280 week high
Loss of the 1.3233 weekly open on a closing basis returns price below EMA(20) and EMA(50)
US JOLTS at 14:00 GMT and BoE Taylor at 15:30 GMT could materially shift this read
UK Q2 GDP final (Wed 06:00 GMT) and US ADP (Wed 12:15 GMT) are the next range tests
Cable has unwound Monday's London-session push to the 1.3280 Monday high, a false break above Friday's 1.3263 peak. Tuesday's Asia and London sessions have printed lower highs back through the 1.3233 weekly open, with US 10y yields above 5% keeping the USD bid. Price sits below EMA(20) and EMA(50) with RSI(14) in the low 30s, testing the 1.3220 psych area near the 78.6% retracement of the Thursday-to-Monday rally, and Thursday's 1.3204 swing low is the next reference below.
Support: 1.3220, 1.3204
Resistance: 1.3233, 1.3245, 1.3280
What it said to watch
H1 close below the 1.3204 swing low breaks the higher-low structure from Thursday
A recovery above the 1.3245 lower high and the lower-highs trendline would neutralise the pullback read and reopen the 1.3280 Monday high
US JOLTS 14:00 GMT and BoE Taylor 15:30 GMT could materially shift this read; UK Q2 GDP final follows Wed 06:00 GMT
10:01 UTC
Sideways, fading from Monday high · RSI 38 · price 1.32372
Range 1.3204-1.3296, lower highs vs higher lows.
Monday's Ramsden-led bounce from the 1.3221 Monday low stalled at 1.3280. That Monday high sits below last Wednesday's 1.3296 prior high, extending the lower highs. Price has since faded through Asia and London back to the 1.3233 weekly open, which has retraced about 72% of the Monday rally, as a yield-driven USD bid firms ahead of JOLTS. Price is capped below the ema20 near 1.3244 with RSI(14) near 38, while lows at 1.3204, 1.3221 and today's day low at 1.3227 still step higher.
Support: 1.3227, 1.3221, 1.3204
Resistance: 1.3244, 1.3280, 1.3296
What it said to watch
H1 close below the 1.3221 monday low breaks the higher lows line and exposes the 1.3204 prior wk low and 1.3200
Reclaim and hold above the ema20 at 1.3244 would put the 1.3280 monday high back in play
US JOLTS 14:00 GMT and BoE Taylor 15:30 GMT today could materially shift this read
A break of the 1.3296 prior high would end the lower highs sequence
UK Q2 GDP final Wed 06:00 GMT is the next GBP-specific risk
Higher lows from 1.3204 inside a 1.3209–1.3280 range; price back at weekly open.
GBPUSD has given back Monday's hawkish-Ramsden rally to the 1.3280 monday high. It slid through Asia and into London open today as the USD firmed on US 10Y yields above 5%, and now sits on the 1.3233 weekly open and the 61.8% retrace of the Thursday–Monday rally. Price is back below the ema20 near 1.3245 with RSI(14) around 41, and today's 1.3227 day low is retesting the higher lows trendline drawn from Thursday's 1.3204 trough, with the 1.3221 week low and 1.3209 friday low marking the range base.
Support: 1.3227, 1.3221, 1.3209
Resistance: 1.3245, 1.3258, 1.3280
What it said to watch
H1 close below the 1.3221 week low breaks the higher lows trendline and exposes the 1.3209 friday low
Reclaim of the ema20 at 1.3245 and the 1.3258 asia high would put the 1.3280 monday high back in focus
US JOLTS at 14:00 GMT and a heavy Fedspeak slate into 19:00 UTC could materially shift this read
UK Q2 GDP final Wed 06:00 GMT is the next GBP-specific risk to the range
Higher lows off 1.3204 inside a 1.3204–1.3280 range, pulling back from Monday high.
Wednesday's sell-off from the 1.3309 Wed high bottomed at the 1.3204 swing low on Thursday, and price has since printed higher lows inside a 1.3204–1.3280 range. Monday's London-open rally on hawkish Ramsden remarks reached the Monday high at 1.3280, just beyond the 61.8% retrace of the Wednesday sell-off, before a firmer USD on 5%+ US yields pulled price back below the ema20 near 1.3247. Price is now retesting the higher-lows trendline at the Asian low of 1.3229, just under the 1.3233 weekly open, with RSI(14) in the low 40s.
Support: 1.3229, 1.3221, 1.3204
Resistance: 1.3247, 1.3280, 1.3309
What it said to watch
Hourly close below the Asian low and the 1.3221 weekly low breaks the higher-lows sequence and exposes the 1.3204 swing low
Recovery back above the ema20 at 1.3247 restores the higher-lows read; a close above the Monday high at 1.3280 breaks the range top toward the Wed high at 1.3309
US JOLTS at 14:00 GMT and BoE Taylor at 15:30 GMT could materially shift this read
UK Q2 GDP final on Wed 06:00 GMT is the next scheduled GBP risk
1.3204–1.3280 range after Wednesday's sell-off; Monday rally reversed, price testing higher lows.
Cable has traded a 1.3204–1.3280 range since Wednesday's London/NY slide from the 1.3318 wed high. Monday's London-open push stalled at the 1.3280 monday high, a lower high, and has been fully unwound through NY and Tuesday's Asia session as UST yields held above 5%. Price now sits below the ema20 (~1.3247) and EMA(50), on the 61.8% retracement of the Friday–Monday rally near 1.3236. RSI(14) is near 40, with the asia low at 1.3229 and the higher-lows trendline the nearest structure above the friday low (1.3209) and week low (1.3204).
Support: 1.3229, 1.3209, 1.3204
Resistance: 1.3247, 1.3280, 1.3318
What it said to watch
H1 close below the 1.3229 asia low breaks the higher-lows trendline and puts the 1.3209 friday low and 1.3204 week low / 1.3200 round number in play
Reclaim of the ema20 near 1.3247 would restore the mid-range read; only a break of the 1.3280 monday high challenges the lower-highs trendline from the wed high
US JOLTS 14:00 GMT and BoE Taylor 15:30 GMT could materially shift this read, with crowded GBP shorts leaving room for a sharp bounce on a soft US print
UK Q2 GDP final (Wed 06:00 GMT) is the next GBP-side risk to the range
06:01 UTC
Range-bound, momentum fading from Monday high · RSI 38 · price 1.32366
1.3204–1.3280 range; Monday's push to range top rejected, price back at weekly open.
GBP pushed from the weekly open during Monday's London session on Ramsden's hike-leaning remarks and printed the monday high at 1.3280 early in NY hours, but that level was rejected. The Asia session has since unwound the move as US 10y yields held above 5%, taking price back below EMA(20) and EMA(50) and into the weekly open at 1.3233, which coincides with the 61.8% fib of the Thursday-to-Monday rise. RSI(14) sits near 38, and the week-to-date rising support from Thursday's range low is still intact below.
Support: 1.3233, 1.3221, 1.3204
Resistance: 1.3249, 1.3280
What it said to watch
H1 close below the monday low at 1.3221 breaks the rising support and exposes the range low at 1.3204
Reclaiming ema20 near 1.3249 puts the monday high at 1.3280 back in play as the range top
US JOLTS and Consumer Confidence at 14:00 UTC, heavy Fedspeak and BoE Taylor at 15:30 UTC could materially shift this read
UK Q2 GDP final Wed 06:00 UTC and US ADP Wed 12:15 UTC are the next scheduled risks for the range
Range 1.3209–1.3280 after Wed–Thu drop; higher lows since Thu.
The Wed–Thu drop ran from 1.3322 to a 1.3204 swing low through London and NY hours. The recovery since has retraced to the 61.8% fib, and Monday's Ramsden-driven push hit rejection at the 1.3280 monday high in the NY session as US 10y yields above 5% capped the pound. In the Asia session price has slipped back below the ema20 near 1.3250, with RSI(14) at 44, leaving the weekly open at 1.3233 and the higher lows trendline near 1.3228 as the nearest floor.
Support: 1.3233, 1.3221, 1.3209
Resistance: 1.3250, 1.3263, 1.3280
What it said to watch
H1 close below the 1.3221 monday low breaks the higher lows trendline and exposes the 1.3209 friday low
Loss of the 1.3209 friday low reopens the 1.3204 swing low and invalidates the range read
Recovery above the ema20 and the 1.3263 friday high (50% fib) puts the 1.3280 monday high back in play
US JOLTS 14:00 UTC and BoE Taylor 15:30 UTC today could materially shift this read
UK Q2 GDP final and US core PCE on Wednesday are the next range-break risks
Higher lows from 1.3204, capped at the 1.3280 monday high.
GBP/USD has built higher lows since Thursday's NY-session 1.3204 low. London-led rallies on Friday and Monday, the latter on Ramsden's hike-leaning remarks, retraced to the 61.8% of Wednesday's decline at the 1.3280 monday high. Three probes into 1.3275–1.3280 were capped as US 10y yields pushed above 5%. Price has eased through the Asia session to 1.3250, a touch below EMA(20) and on the 38.2% level, with RSI(14) back to neutral near 49.
Support: 1.3240, 1.3233, 1.3209
Resistance: 1.3252, 1.3280, 1.3322
What it said to watch
H1 close above the 1.3280 monday high clears the 61.8% cap and opens the path to the 1.3322 wed high
Break below the 1.3240 Mon NY low and the 1.3233 weekly open puts the higher lows trendline under test
Loss of the 1.3209 friday low would resume Wednesday's decline structure
US JOLTS at 14:00 UTC and BoE Taylor at 15:30 UTC could materially shift this read
Higher lows off 1.3204, capped at 1.3280 monday high.
Wednesday's London-to-NY selloff from 1.3324 set the tone, and Thursday's week low at 1.3204 has held since, with Friday and Monday printing a series of higher lows. Monday's London open rally on Ramsden's hike-leaning remarks stalled at the 1.3280 monday high, right at the 61.8% of the wed selloff fib, as US 10y yields above 5% lifted the dollar. Price has faded back to the 38.2% zone near 1.3250 and slipped under the ema20 (EMA(20) ~1.3252), with RSI(14) at 48 and the fib 50% at 1.3264 now overhead.
Support: 1.3243, 1.3233, 1.3204
Resistance: 1.3252, 1.3264, 1.3280
What it said to watch
H1 close below the 1.3243 asia low breaks the higher lows trendline and exposes the 1.3233 weekly open
Failure at the weekly open opens a retest of the 1.3204 week low, the base of the range
Reclaiming the ema20 and fib 50% at 1.3264 puts the 1.3280 monday high back in play; a close above it clears the 61.8% retracement
US JOLTS and Consumer Confidence at 14:00 UTC, then BoE Taylor at 15:30 UTC, could materially shift this read
Higher lows since Thursday, capped at 1.3280 week high.
Cable has built higher lows from Thursday's 1.3204 NY-session trough and reached a 1.3280 week high in Monday's NY session, as Ramsden's hawkish lean offset US 10y yields holding above 5%. Three probes of 1.3275–1.3280 were rejected. The Asia session has since slipped under EMA(20) at 1.3252 and EMA(50) near 1.3249, into the 50% fib of the Thursday–Monday leg at 1.3242. RSI(14) near 41 shows momentum fading, with the weekly open at 1.3233 and the rising higher-lows trendline sitting below.
Support: 1.3242, 1.3233, 1.3221
Resistance: 1.3252, 1.3280
What it said to watch
H1 close back above ema20 at 1.3252 reopens a test of the 1.3280 week high
Failure to hold the weekly open at 1.3233 (61.8% of the Thu–Mon leg) breaks the higher-lows sequence and exposes the 1.3221 week low
US JOLTS at 14:00 UTC and BoE Taylor at 15:30 UTC today could materially shift this read
ADP, UK Q2 GDP final and US core PCE on Wednesday are the next yield-gap tests
Higher lows off 1.3204; 1.3280 high rejected, pullback to 38.2%.
GBP/USD has printed higher lows since Thursday's NY-session prior low at 1.3204, with hawkish BoE remarks from Ramsden and Breeden fuelling Monday's London-open push and a NY-session monday high at 1.3280, despite US 10y yields at 2007 highs. That high faded into the close and price has drifted through Asia onto the 38.2% fib of the rebound near 1.3251. It sits flat against the ema20 at 1.3254 with RSI(14) back near 50, while the rebound's higher lows remain intact.
Support: 1.3251, 1.3233, 1.3204
Resistance: 1.3254, 1.3263, 1.3280
What it said to watch
Hourly close below the weekly open at 1.3233 breaks the higher lows trendline and exposes the prior low at 1.3204
Recovery above the ema20 and the friday high at 1.3263 puts the monday high at 1.3280 back in play; a close above it extends the higher-high sequence
US JOLTS (Tue 14:00 UTC) and BoE Taylor (Tue 15:30 UTC) could materially shift this read, with UK GDP final and US ADP on Wednesday