Cable spent the past week boxed between roughly 1.3405 and 1.3470, then sliced through the range floor on the NFP beat (172K vs 85K) that reasserted the dollar bid. The drop to 1.3356 prints a lower low below the consolidation, with the 1.33 psych zone and prior 1.3305 swing low next in focus. EMA20 and EMA50 now sit above price, aligning with the bearish tilt.
Support: 1.3330, 1.33046
Resistance: 1.3405, 1.3470
What it said to watch
An H4 close back above 1.3470 would neutralise the bearish tilt
A break under 1.3300 extends the lower-low sequence toward late-May lows
Bailey (18:00 UTC) and next week's US CPI could materially shift this read
Recovery off the 1.3305 swing low has flattened into a multi-day range between the 1.3410 floor and the 1.3485 range high, with price pressing the 1.3470 ceiling. The 172K NFP beat versus 85K forecast revived a USD bid, repeatedly capping cable into 1.3480-1.3485. ATR sits steady around 38 pips — compression at the range top with no breakout confirmed.
Support: 1.3410, 1.3390, 1.3305
Resistance: 1.3470, 1.3485
What it said to watch
H4 close above 1.3470 then 1.3485 needed to neutralise the bearish tilt and open higher
Failure to hold 1.3410 range floor reopens 1.3390 and the 1.3305 swing low
BoE Bailey 18:00 UTC could materially shift this read
12:05 UTC
Downtrend, basing in range · RSI 57 · price 1.34682
Range-bound after the early-month selloff, higher lows building.
Cable sold off from the 1.3650 zone into the 1.3305 swing low mid-window, then carved a multi-day range between the 1.3410 floor and the 1.3470 ceiling, with higher lows since the base. Price is pressing the 1.3470 ceiling into US NFP, the dominant near-term driver; ATR(14) has compressed through the range, consistent with a breakout pending. Reclaiming 1.3470 is what context flags as needed to neutralise the bearish tilt.
Support: 1.3410, 1.3390, 1.3305
Resistance: 1.3470, 1.3488
What it said to watch
US NFP today (12:30 GMT) is the dominant driver and can break this range either way
H4 close above 1.3470 then 1.3488 neutralises the bearish tilt; failure keeps momentum heavy
Loss of the 1.3410 range floor opens 1.3390 and exposes the 1.3305 swing low
09:01 UTC
Downtrend stalled, now ranging · RSI 50 · price 1.34451
Consolidation in 1.342-1.348 band after recovery off month low.
GBPUSD rebounded from the early-month low at 1.3305 but the bounce stalled below 1.3485, leaving price boxed in a tight 1.342-1.348 range for the past two weeks. ATR(14) has compressed and the EMAs are flat and entangled around 1.344, consistent with the digest's range-bound read into NFP. The recovery has held above the 38.2% retracement of the 1.3305-1.3507 leg, keeping the consolidation skewed to the upper half of the range.
Support: 1.3417, 1.33772, 1.33046
Resistance: 1.3481, 1.35065
What it said to watch
US NFP at 12:30 GMT (~3.5h) is a high-impact cross-driver that could break this range either way
H4 close above 1.34810 range high opens the path back to the 1.35065 swing high
H4 close below 1.34170 range low exposes the 1.33772 swing low
Consolidation between 1.341 floor and 1.349 cap after bounce off 1.330.
After the multi-week slide from 1.363 to the 1.330 month low, price recovered into the 1.350 area and has since gone sideways between roughly 1.341 and 1.349. ATR(14) is compressing and lower highs are forming below 1.349 while the 1.341 floor holds, leaving the bounce flat near 1.344 — consistent with the digest's range-bound GBP read into a second weekly loss. EMA20 and EMA50 sit close to price, reflecting the lack of directional drive.
Support: 1.3409, 1.3367, 1.3305
Resistance: 1.3485, 1.3509
What it said to watch
US NFP in ~3.5h is a cross-driver that could break this range either way
H4 close below 1.3409 reopens the path toward the 1.3367 swing low
H4 close above 1.3485 challenges the 1.3509 range high
BoE Dhingra/Bailey speeches later today add GBP headline risk
GBPUSD sold off from the early-month high near 1.3636 to a 1.3316 base, then recovered into a 1.3405-1.3485 range that has held for the past week. Price is sitting in the lower half with EMAs capping overhead as short-term momentum turns lower, consistent with softening UK PMIs against a firm USD. NFP later today is the obvious near-term catalyst.
Support: 1.3405, 1.3390, 1.3316
Resistance: 1.3470, 1.3485, 1.3560
What it said to watch
H4 close below 1.3405 confirms a lower-low, opening 1.3390
H4 close above 1.3470 reopens the 1.3485 range top
Range between 1.3407 and 1.3485 after bounce stalled.
Cable's bounce off the 1.3305 low stalled near 1.3509 and has since carved a multi-day range between 1.3407 and 1.3485, with price now pressing the lower edge. ATR(14) compression and a soft-GBP tone — hawkish-BoE premium fading against deteriorating UK data — keep the drift skewed toward the range floor. Price sits below both EMA20 and EMA50 ahead of US NFP.
Support: 1.3407, 1.3375, 1.3305
Resistance: 1.3485, 1.3509
What it said to watch
US Nonfarm Payrolls ~12:30 UTC is a key external test that could break the range
H4 close below 1.3407 opens the path toward 1.3375