Yesterday the GBPUSD tumbled lower on the back of the China/US tariff fall and suspension, and in the process sliced through the familiar swing zone at 1.32598 (see green numbered circles) and the lower band between 1.3232 - 1.3241 (see red numbered circles), then briefly pierced the 38.2%回落4月份涨势至1.31603, printing a session low of 1.3139. Momentum dried up quickly; the pair rebounded back above the retracement and used it as a launchpad in late US trading and early Asian-Pacific trading today. The low price today held at 1.31639, keeping that Fibonacci level intact as 风险定义支持. Remember that level going forward on any reversal back to the downside.

The rebound helped by the lower CPI today in the US has carried price back into the congestion corridor . The first layer of topside work sits at the 旧回转地板在1.3232和1.3241之间变成了天花板, followed by the 摆动水平和100小时移动平均线都在1.32598. A decisive break above that 100‑hour MA would open the door toward the 200小时MA at 1.32845. A break above would re‑energise the upside once again

未能突破100小时和200小时移动平均线将让卖家继续发挥作用

关键技术水平（一行字）：

• 短期偏差定义盘中水平： 1.32320‑1.32410 (swing area)

• 抵抗1： 1.32598 (100‑hour MA)

• 抵抗2： ≈1.3284 (200‑hour MA)

• 支持1： 1.3201 to 1.32067 (swing area)

• 支持2： 1.3160 (38.2% retracement)

• 支持3： 1.3139 (low from yesterday)