Higher-lows since mid-window, rejection at 0.7900.
Multi-week higher-low structure intact off the 0.7762 base, with price stair-stepping into the 0.7900 area before twice being rejected — most recently after the spike to 0.7884 yesterday that faded back to 0.7849. The rising wedge is now showing strain: a lower-high against 0.7906 and price slipping back under EMA20. ATR(14) near 20 pips reflects steady but unspectacular range expansion as the pair compresses between the 0.7813 swing low and the 0.7885 rejection zone.
Support: 0.7813, 0.7795, 0.7762
Resistance: 0.7885, 0.7906, 0.7906
What it said to watch
H4 close below 0.7813 swing low confirms a lower-low and breaks the wedge
Reclaim of 0.7885 rejection puts the 0.7906 swing high back in play
Loss of 0.7795 prior pivot opens the 0.7762 range low
Ongoing US-Iran headline risk could override the technical read
Price has carved a multi-week range between 0.7795 and 0.7907, with two failed pushes above 0.7900 producing sharp rejections back to mid-range. Current bounce from the 0.7795 range low has reclaimed both EMA20 and EMA50, but RSI near 52 reflects the indecisive structure. ATR has compressed compared to mid-month, consistent with the consolidation read.
Support: 0.7813, 0.7795, 0.7762
Resistance: 0.7885, 0.7907, 0.7925
What it said to watch
H4 close above 0.7907 range high opens path toward 0.7925 prior cap
Failure to hold 0.7813 swing low confirms a lower-low and shifts the range read
Repeated rejection at 0.7885 swing high keeps the range intact
01:01 UTC
Range, mid-zone drift · RSI 51 · price 0.7864
Two-week range between 0.7780 and 0.7900.
Price has been carving a two-week range between roughly 0.7780 and 0.7900, with both edges tested and rejected twice. The recent push off the 0.7795 range low has reclaimed EMA20 and EMA50, but momentum stalls into the 0.7868 50d SMA zone. ATR(14) has eased compared to mid-window expansion bars, consistent with a mid-range drift rather than a directional move.
Support: 0.7795, 0.7765, 0.7810
Resistance: 0.7885, 0.7907, 0.7868
What it said to watch
H4 close above 0.7885 range high opens path to retest 0.7907 swing high
Failure to hold 0.7795 range low confirms a lower-low and breaks the two-week balance
Repeated rejection at the 50d SMA around 0.7868 keeps the range read intact