Cable has recovered steadily from the mid-month 1.3140 low, riding broad USD weakness and an orderly Labour transition back toward the 1.3400 handle and 200-day EMA. The last three bars stalled and rejected there, pulling back to 1.3360 as price consolidates the run. Higher-low structure remains intact above the 1.3328 swing low, with the move still short of a clean break of the handle.
Support: 1.3328, 1.3300
Resistance: 1.3400, 1.3445
What it said to watch
H4 close above 1.3400 handle opens the path to 1.3445
Failure to hold the 1.3300-1.3328 support negates the recovery read
FOMC minutes Wed is the dominant near-term USD catalyst
Cable extended its multi-day recovery off the 1.3140 low into the 1.3400 handle and 200-day EMA, driven by broad USD weakness after the soft NFP miss, before stalling and pulling back to 1.3360. Higher-low structure remains intact and price holds above the H4 EMA50, but the two rejections at 1.3400 mark it as the immediate cap. The shallow retracement keeps the recovery structure in play unless the 1.3300-1.3329 support band gives way.
Support: 1.3329, 1.3300
Resistance: 1.3401, 1.3445
What it said to watch
H4 close above 1.3401 opens the path to 1.3445
Break below 1.3300 negates the higher-low structure
FOMC minutes Wednesday is the dominant near-term USD catalyst
Cable has carved a clean higher-low sequence off the 1.3140 base, recovering over 260 pips as a soft US payrolls print stalled the dollar rally. Price ran into the 1.3400 prior high this week and was rejected back to 1.33726, with the move overbought into the 200-day EMA cluster overhead. EMA20 and EMA50 remain below price, keeping the swing recovery intact above the 1.3330 pivot.
Support: 1.3330, 1.3300
Resistance: 1.3400, 1.3445
What it said to watch
H4 close above 1.3400 opens the path to 1.3445
Loss of 1.3330 pivot threatens the higher-low structure
FOMC Minutes Wed 18:00 UTC is the dominant USD-side catalyst
Cable carved a rounded bottom from the 1.3140 range low and has built a sequence of higher lows, with price now retesting the 1.3400/200-day EMA cluster that capped the early-window swing. The recovery accelerated after the soft US payrolls miss reset Fed hike bets; EMA20 sits above EMA50, confirming the swing turn. ATR(14) near 197 pips shows the move is expanding rather than compressing.
Support: 1.3300, 1.3140
Resistance: 1.3401, 1.3410, 1.3445
What it said to watch
H4 close above 1.3410 opens the path toward 1.3445
Failure to hold 1.3300 negates the higher-low structure
FOMC Minutes Wed 18:00 UTC is the dominant near-term USD-side catalyst
13:02 UTC
Uptrend, stalling into resistance · RSI 62 · price 1.33884
Higher lows since 1.3140 low, capped at 1.3400.
Cable has recovered the full early-month drop, printing higher lows since the 1.3140 range low and grinding back into the 1.3400 round number, which aligns with the 200-day EMA. The move rides fading Fed-hike bets after the soft US payrolls miss, with GBP the G10 leader on short-covering. Price is stalling just under 1.3400, where the prior swing-high cluster is capping progress.
Support: 1.3330, 1.3150
Resistance: 1.3400, 1.3460
What it said to watch
H4 close above 1.3410 opens the path toward the 1.3460 prior high
FOMC Minutes Wed 18:00 UTC could materially shift this read
Failure to hold the 1.3330 swing low threatens a lower low back toward the 1.3150 range low
Higher lows since early-July low, testing range top.
Cable has printed higher lows since the 1.31415 swing low mid-window, grinding back into the 1.3400 / 200-day EMA area as GBP led G10 on fading Fed-hike bets after the soft US payrolls print. Price now retraces ~78% of the prior 1.34608–1.31415 impulse and sits just under the 1.3410 breakout level; EMA20 has crossed above EMA50 and RSI is elevated, leaving the move technically stretched. The 1.3445 cap and prior 1.34608 swing high mark the overhead zone.
Support: 1.3300, 1.31415
Resistance: 1.3410, 1.3445, 1.34608
What it said to watch
H4 close above 1.3410 opens the path toward 1.3445
Failure to hold 1.3300 pivot threatens the higher-low structure
FOMC minutes Wed 18:00 UTC could materially shift this read
Cable has recovered off the mid-June low at 1.3140 in a steady higher-low sequence, carrying a multi-day advance into the 1.3400 handle and 200-day EMA — a move led by broad USD weakness after the soft NFP print. Price now stalls just under 1.34015 with EMA20 and EMA50 aligned below, but the run is stretched. ATR(14) has compressed as price probes the level.
Support: 1.3320, 1.3280, 1.31399
Resistance: 1.3400, 1.34015
What it said to watch
clean H4 close above 1.3400 opens the 1.3410+ zone
failure to hold the 1.3320 pivot exposes 1.3280 strong support
Wed FOMC minutes could materially shift this read via USD
Higher highs and higher lows since the 1.3140 low.
Cable has recovered the full mid-window drop to 1.3140 and rebuilt a clean higher-low sequence, now stalling just under the 1.3400 handle where the 200-day EMA sits — the move tracks broad USD weakness after the soft 57K NFP print. ATR(14) is compressing into the level as price coils in a tight 1.3375-1.3400 band, and EMA20 holds above EMA50 with both beneath price. Repeated tests of 1.3400 are capping without a clean break.
Support: 1.3320, 1.3340, 1.3280
Resistance: 1.3400, 1.3430
What it said to watch
H4 close above 1.3400 opens the path toward 1.3430
Failure to hold 1.3320 pivot breaks the higher-low structure
Wednesday FOMC Minutes (via USD) could materially shift this read
Price has recovered the full drop from the 1.3140 base and prints a steady higher-low structure back near 1.339, with GBP the strongest G10 currency as a soft US NFP softened the dollar. EMA20 has crossed above EMA50, confirming the swing turn higher, and the rally is now pressing the 1.3410 area that repeatedly capped price earlier in the window. ATR(14) has compressed through the ascent, so the move has been grind rather than impulse.
Support: 1.33285, 1.3320, 1.3300
Resistance: 1.3410, 1.34437
What it said to watch
H4 close above 1.3410 opens the path toward the 1.3444 swing high
Failure to hold 1.3320 support zone would break the higher-low sequence
FOMC Minutes Wed 18:00 UTC and BoE Mann speech today could shift this read
Higher lows since mid-June low, testing prior cap.
GBPUSD has staged a multi-day recovery off the 1.3140 low, carving higher lows into 1.3400 as a soft US NFP (57K vs 110K) softened the dollar and lifted Sterling to the top of G10. Price is now retracing roughly 0.786 of the prior down-leg and stalling just under the 1.3410 cap, with EMA20 and EMA50 both below spot. ATR(14) has cooled from the mid-window expansion, pointing to a tightening range beneath resistance.
Support: 1.3340, 1.3320, 1.3265
Resistance: 1.3410, 1.3460
What it said to watch
H4 close above 1.3410 opens the path toward the 1.3460 swing high
Failure to hold the 1.3320 support zone would break the higher-low sequence
FOMC Minutes Wed 18:00 UTC and BoE Mann speech today could materially shift this read
01:02 UTC
Recovery uptrend, breaking out · RSI 63 · price 1.33936
Higher lows since early-July low, clearing consolidation.
Cable has recovered from the early-July low near 1.3140 in a steady higher-low sequence, with the soft US NFP miss (57K vs 110K) doing much of the work on the dollar side. Price has now pushed out of the 1.3350-1.3380 consolidation that held for several sessions, printing 1.3401 before settling at 1.3394. ATR(14) sits compressed, so the break carries limited follow-through so far and 1.3410 stands as the next barrier.
Support: 1.3328, 1.3300
Resistance: 1.3410, 1.3460
What it said to watch
H4 close above 1.3410 opens the path toward the prior high at 1.3460
Failure to hold 1.3328 would negate the breakout and re-open the consolidation
BoE Financial Stability Report (09:30 UTC) and Mann speech (14:15 UTC) today could shift this read
GBPUSD has recovered the entire mid-June slide, carving higher lows off the 1.3140 base and now pressing the 1.3400 round number after breaking the 1.3385 swing cap. Sterling remains the standout G10 mover on short-covering, and the leg up was helped by last week's weak US NFP softening the dollar. Price is roughly 79% retraced of the 1.3461→1.3140 decline, leaving the 1.3410 barrier as the immediate area to watch.
Support: 1.3328, 1.3300, 1.31415
Resistance: 1.3410, 1.34608
What it said to watch
H4 close above 1.3410 opens the path toward the 1.3461 prior high
Failure to hold the 1.3328 swing low threatens the higher-low sequence
BoE Financial Stability Report and Mann speech (14:15 UTC) plus Wed FOMC minutes could shift this read