21:02 UTC
Downtrend, bounce off lows · RSI 45 · price 1.32493
Lower highs, lower lows; recovering off 1.3140.
GBPUSD has been in a downtrend since the early-April peak near 1.3660, carving lower highs and lower lows beneath a falling EMA(50). Mid-June's slide bottomed at 1.3140 and the pair has clawed back toward 1.3275, the 23.6% retracement of the April–June decline. Cable slipped on renewed USD strength into US jobs data, while BoE's 'cuts off the table' hold has cushioned deeper losses.
Support: 1.3180, 1.3140
Resistance: 1.3275, 1.3355
What it said to watch
- Daily close above 1.3275 (23.6% fibo) opens the path back toward the 1.3355 cap
- Failure to hold 1.3180 reopens the 1.3140 swing low
- US jobs data (NFP) Fri is the key external catalyst for cable this week