Daily GBPUSD analysis
GBPUSD on Monday 3 August 2026
London: Asia low broke, no trade. New York: buy -1R.
1.34655 to 1.35029
1.34187 to 1.35029
London · 08:00 to 10:30 UK
No trade tellsThe Asia low broke and price kept going. A breakout, not a trap, so no trade.
- Still beyond the level at London open
- Frankfurt flushed the Asia low by 6.7 pips
- London pushed past Frankfurt’s low at 08:15
- Old low retested and held at 08:25
New York · 13:00 to 15:30 UK
No trade tellsBuy setup at 13:30 was stopped out: -1R.
Buy 1.34716, stop 1.34621 (9.5 pips), target 1.35029 (2.54R).
- 12 closes beyond the low
- Ran 19.7 pips beyond
- Strong candle back the other way at 13:30
- Old low retested and held at 13:40
How to read this
Each morning we mark the Asia box (00:00 to 06:00 UK) and watch what London and New York do with its high and low. A quick raid that comes straight back inside is a liquidity sweep we can trade back the other way. Price that keeps closing beyond the level is a breakout we leave alone. The full rules are in the Asia range strategy guide.
Prices: Yahoo Finance GBPUSD 5 minute bars (indicative, can differ from your broker by a pip or so). The rules are applied mechanically and are not a signal or advice.