Daily GBPUSD analysis

GBPUSD on Friday 7 August 2026

London: Asia low broke, no trade. New York: buy setup.

Asia box7.4 pips
1.34485 to 1.34559

Day range72.4 pips
1.34351 to 1.35075

Change+40.5 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.

Tight Asia box (7.4 pips)
Back inside the box by London open
Asia high tested 4 times
Frankfurt only nibbled the high (2.7 pips)
Reclaimed to the middle of the box at 08:00
London held a lower high and turned at 09:55

New York · 13:00 to 15:30 UK

Trade day tells

Buy setup at 13:30, but the limit never filled. No trade.

Buy 1.34560, stop 1.34460 (10 pips), target 1.34805 (2R).

Tight Asia box (7.4 pips)
Back inside within 2 candles
Strong candle back the other way at 13:30
Reclaimed to the middle of the box at 13:30

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.