Session Snapshot
- Open: 1.34220
- High: 1.34385
- Low: 1.34180
- Close: 1.34300
- MCM State: Accumulation (tight range, consolidating +8.88% YoY gain)
- Volume Context: Peak (London session highest volume for GBP pairs)
- News Catalyst: No BOE speakers or UK data, Cable resilient despite DXY +0.30%
Fundamental Drivers
GBP holding 1.3430 despite USD firmness as markets await BOE meeting Feb 5. UK services-driven economy showing resilience, but BOE rate at 3.75% (vs Fed 3.75%) limits divergence support. Cable +8.88% YoY trend intact but vulnerable to USD strength if DXY breaks 100.
News Risk Assessment
- Event Risk: None (no high-impact UK or US releases today)
- Impact: Range-bound consolidation expected
- Action: Fresh S/D zones reliable in low-news environment
Supply/Demand Zones
Demand Zones
| Zone | Range | Status | Strength |
|---|---|---|---|
| D1 | 1.33800-1.33950 | Fresh | Strong |
| D2 | 1.33200-1.33400 | Fresh | Very Strong |
| D3 | 1.32000-1.32200 | Tested | Institutional (multi-month support) |
Supply Zones
| Zone | Range | Status | Strength |
|---|---|---|---|
| S1 | 1.34500-1.34650 | Fresh | Moderate |
| S2 | 1.34900-1.35100 | Fresh | Strong |
| S3 | 1.35500-1.35700 | Fresh | Very Strong (swing high) |
Support/Resistance Matrix
| Level | Type | Price | Strength | Distance |
|---|---|---|---|---|
| R3 | Psychological | 1.35500 | Very Strong | +0.89% |
| R2 | Structural | 1.34900 | Strong | +0.45% |
| R1 | Intraday | 1.34500 | Moderate | +0.15% |
| Current | - | 1.34300 | - | - |
| S1 | Intraday | 1.34180 | Moderate | -0.09% |
| S2 | Structural | 1.33800 | Strong | -0.37% |
| S3 | Major Support | 1.33200 | Institutional | -0.82% |
Liquidity Hunt Map
- Buy-Stop Clusters: Above 1.34500 (resistance), above 1.34900 (swing high)
- Sell-Stop Clusters: Below 1.33800 (demand zone), below 1.33200 (psychological)
- Recent Sweeps: None in past 10 hours (tight consolidation)
- Next Target: Likely sweep to 1.34500-1.34650 to trigger buy-stops before reversal to 1.33800
Fear Factor Meter
FEAR [π΄π΄π π π‘π‘π’π’βͺβͺ] GREED
β²
Score: 6/10 β Neutral
Inputs: DXY=98.98 (headwind), VIX=14.49 (calm), Cable holding above 1.3400 despite USD strength, +8.88% YoY trend intact
Directional Bias
- Bias: Long (on pullbacks)
- Confidence: Moderate
- Rationale: Accumulation phase within uptrend. Fresh demand at 1.33800 offers favorable long entry. BOE/Fed rate parity limits divergence edge, but UK services resilience supportive. IF DXY breaks below 98.50 β probable Cable rally to 1.34900.
Action Zones
| Setup | Entry | Trigger | TP1 | TP2 | SL |
|-------|-------|---------|-----|-----|----||
| π’ Long | 1.33800-1.33950 | Bullish engulfing/pin bar | 1.34300 | 1.34650 | 1.33700 |
| π’ Long | 1.33200-1.33400 | Bullish rejection candle | 1.33900 | 1.34400 | 1.33100 |
| π΄ Short | 1.34500-1.34650 | Bearish engulfing at supply | 1.34200 | 1.33900 | 1.34750 |
Momentum View
"Accumulation phase favors longs from fresh demand at 1.33800βlikely to hold given peak London volume and low event risk. IF DXY weakens below 98.50 β possible rally to 1.34900 supply. Moderate conviction on pullback entries with favorable risk-reward versus chasing current tight range."
When momentum aligns, we move.