Daily GBPUSD analysis

GBPUSD on Wednesday 28 October 2026

London: Asia low broke, no trade. New York: buy +3.71R.

Asia box24.1 pips
1.32885 to 1.33126

Day range66.3 pips
1.32725 to 1.33388

Change+21.2 pips

London · 08:00 to 10:30 UK

Mixed or no sweep

The Asia low broke and price kept going. A breakout, not a trap, so no trade.

Back inside the box by London open
The Asia low was flushed by 16 pips before London
Old low retested and held at 08:05

New York · 13:00 to 15:30 UK

Trade day tells

1pm break and retest buy setup at 13:30 hit the target: +3.71R.

Buy 1.32892, stop 1.32848 (4.4 pips), target 1.33126 (3.71R, the Asia high): +3.71R.

Back inside within 2 candles
Asia low tested 6 times
Strong candle back the other way at 13:30
Reclaimed to the middle of the box 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.