Session Snapshot
- Open: 1.34420
- High: 1.34710
- Low: 1.34380
- Close: 1.34645
- MCM State: Ranging consolidation
- Volume Context: Low (Asian session for GBP pairs)
- News Catalyst: USD weakness primary driver; Cable consolidating after +10.26% yearly gain
Fundamental Drivers
GBP benefiting from broad USD weakness (DXY -0.35%) but lacking UK-specific catalysts during Asian hours. Pair up 10.26% YoY reflecting sustained sterling strength. Low Asian volume creating tight consolidation range; expecting directional clarity when London opens with UK data releases.
News Risk Assessment
- Event Risk: None
- Impact: No UK or US events during Asian session
- Action: Range-bound consolidation; ideal for mean-reversion strategies within tight bands
Supply/Demand Zones
Demand Zones
| Zone | Range | Status | Strength |
|---|---|---|---|
| D1 | 1.34100-1.34250 | Fresh | Strong |
| D2 | 1.33500-1.33650 | Tested | Moderate |
| D3 | 1.33000-1.33150 | Fresh | Very Strong |
Supply Zones
| Zone | Range | Status | Strength |
|---|---|---|---|
| S1 | 1.35000-1.35150 | Fresh | Strong |
| S2 | 1.35500-1.35650 | Fresh | Strong |
| S3 | 1.36000-1.36150 | Tested | Moderate |
Support/Resistance Matrix
| Level | Type | Price | Strength | Distance |
|---|---|---|---|---|
| R3 | Psychological | 1.36000 | Very Strong | +1.0% |
| R2 | Supply Zone | 1.35500 | Strong | +0.6% |
| R1 | Immediate | 1.35000 | Strong | +0.3% |
| Current | - | 1.34645 | - | - |
| S1 | Intraday Low | 1.34380 | Moderate | -0.2% |
| S2 | Demand Zone | 1.34100 | Strong | -0.4% |
| S3 | Major Support | 1.33500 | Strong | -0.9% |
Liquidity Hunt Map
- Buy-Stop Clusters: Above 1.35000 (round number), above 1.34800 (session range high)
- Sell-Stop Clusters: Below 1.34100 (demand zone), below 1.34000 (psychological)
- Recent Sweeps: None in Asian session thin liquidity
- Next Target: Possible hunt to 1.35050-1.35100 during London open to capture buy-stop liquidity
Fear Factor Meter
FEAR [π΄π΄π π π‘π’π’βͺβͺβͺ] GREED
β²
Score: 6/10 β Cautiously Bullish
Inputs: DXY=98.89 (weak), GBP steady with no catalysts, low volume reducing conviction
Directional Bias
- Bias: Neutral to Long
- Confidence: Moderate
- Rationale: Tight ranging structure during low-volume Asian session. USD weakness provides tailwind but lack of GBP catalysts limits conviction. Fresh demand at 1.34100-1.34250 likely to hold; break above 1.35000 probable with London volume surge.
Action Zones
| Setup | Entry | Trigger | TP1 | TP2 | SL |
|-------|-------|---------|-----|-----|----||
| π’ Long | 1.34100-1.34200 | Bullish rejection from D1 | 1.34500 | 1.34850 | 1.34000 |
| π’ Long | 1.34400-1.34500 | Break above 1.34700 with volume | 1.34900 | 1.35150 | 1.34250 |
| π΄ Short | 1.35000-1.35100 | Strong bearish rejection at S1 | 1.34650 | 1.34300 | 1.35200 |
Momentum View
"Ranging consolidation during low-volume Asian hours favors mean-reversion trades within 1.34100-1.35000 band, likely holding until London open. IF UK data beats expectations β probable breakout above 1.35000 toward 1.35500 supply. Risk-reward neutral; best opportunities emerge with London volatility increase."