Higher lows off the 1.314 base, stalling into 1.3400.
Cable has built a series of higher lows since the 1.314 base in mid-June and is now retesting the 1.3400 round number that capped the prior nine-day rally. The advance has been partly a short-cover grind against a still-firm USD, with the last bar pushing to 1.34102 before closing back at 1.34013 — a rejection wick into the level. ATR near 38 pips marks a moderate regime, with 1.3400 the pivot for whether the recovery extends toward the 1.3461 swing high.
Support: 1.3330, 1.3315
Resistance: 1.3400, 1.3461
What it said to watch
H4 close above 1.3410 opens the 1.3420-1.3461 resistance band
Failure to hold 1.3330 swing low confirms a lower-low and questions the recovery
A break below the 1.3315 break level ends the advance structure
US CPI Jul 14 and Thu jobless claims could reset the USD-driven read
21:02 UTC
Uptrend, testing 1.3400 cap · RSI 64 · price 1.34013
Higher lows since mid-window bottom, pressing prior range top.
Cable has recovered the full drop from the 1.3460 early-window high back to the 1.3400 handle, printing a clean higher-low sequence off the 1.3140 base. The advance is retesting the level that capped the nine-day rally; ATR(14) around 40 pips shows an orderly, non-explosive grind rather than a runaway break. Price sits above both EMAs, with the 1.3400 area the pivot the recovery must clear to reopen the layered supply above.
Support: 1.3340, 1.3315, 1.3140
Resistance: 1.3400, 1.3460
What it said to watch
H4 close above 1.3410 opens the 1.3445-1.3460 resistance band
Failure to hold 1.3315 signals the advance has ended
US CPI 14 Jul and Thu jobless claims could reset the USD-driven read
Recovery off the 1.3140 June low has carried Cable back toward the 1.3400 psych cap and 200d EMA area, where the advance has repeatedly stalled over the last two weeks. GBP is the G10 outperformer this week but the run has flattened into a tight consolidation just under resistance, with higher-low structure still intact. ATR sits in a moderate regime as the pair coils below the 200d EMA into today's FOMC minutes.
Support: 1.3315, 1.3140
Resistance: 1.3400, 1.3410, 1.3460
What it said to watch
H4 close above 1.3410 (200d ema) opens layered resistance toward the 1.3460 prior high
Failure to hold 1.3315 key floor negates the recovery and confirms a lower low
FOMC June minutes at 18:00 UTC could materially shift this read
Cable has ground back up from the 1.3140 swing low in a chain of higher lows, with EMA20 now above EMA50 and price holding above both. The advance has stalled twice into 1.3400, where the last push to 1.34015 was rejected and price eased back toward 1.336. FOMC June minutes at 18:00 UTC are the immediate catalyst and can decide whether the 1.3400 cap breaks or holds.
Higher lows since mid-window low, capped at 1.3400.
Cable recovered off the 1.3140 low in a multi-day grind but stalled at the 1.3400 handle, where price has been rejected repeatedly. A USD haven bid on Hormuz/Iran headlines drove the pullback to 1.3335, and price now consolidates below EMA20 while holding above EMA50. Move remains USD-weakness led into the FOMC minutes.
Support: 1.3315, 1.3220, 1.3168
Resistance: 1.3401, 1.3446, 1.3460
What it said to watch
H4 close above 1.3410 opens the path to 1.3445 then 1.3460
Break below 1.3315 negates the recovery, exposing 1.3220
FOMC minutes 18:00 GMT could materially shift this read
13:02 UTC
Recovery off June low, stalling below 1.3400 · RSI 47 · price 1.33347
Higher lows since mid-June, capped at 1.3400 handle.
Cable ground higher for nine sessions off the mid-June 1.3142 low on a soft Dollar, then stalled at the 1.3400 handle and 200-day EMA where repeated rejections capped the chase. Price has since eased back toward the 1.3315-1.3330 support zone, holding above the rising EMA50 while slipping under EMA20. The pullback aligns with the USD haven bid on Iran/Hormuz headlines ahead of FOMC minutes.
Support: 1.3315, 1.3272, 1.3142
Resistance: 1.3400, 1.3445, 1.3520
What it said to watch
FOMC minutes 18:00 GMT could materially shift this read
H4 close below 1.3315 negates the recovery and confirms a lower-low
Clean break above 1.3400 opens the path to 1.3445 then 1.3520
Cable has carved higher lows off the 1.3140 base and rebuilt toward the 1.3400 handle, but the nine-day rally has stalled there as a Hormuz-driven USD safe-haven bid caps the move. Price now sits back below EMA20 after rejection at 1.3400, holding above the rising EMA50; ATR(14) is compressing into the 1.3330-1.3400 area. Structure stays constructive while the higher-low sequence holds.
Support: 1.3330, 1.3300
Resistance: 1.3400, 1.3445, 1.3520
What it said to watch
H4 close above 1.3400 opens the layered 1.3420-1.3520 resistance
Failure to hold 1.3330 swing low exposes the 1.3300 pivot
FOMC Minutes today 18:00 GMT could materially shift this read
Higher lows since early-month base, stalling under 1.3400.
Cable has ground back from the early-month base near 1.3140, printing a series of higher lows and reclaiming both EMAs on this timeframe. The recovery has stalled at the 1.3400 handle, where price rejected on the last swing and pulled back to 1.3364. The nine-day GBP rally that stalled at 1.3400 reflects USD safe-haven bid from Hormuz headlines ahead of today's FOMC minutes.
Support: 1.3350, 1.3300
Resistance: 1.3400, 1.3445, 1.3520
What it said to watch
FOMC Minutes today 18:00 GMT is the dominant near-term driver and could materially shift this read
H4 close above 1.3400 handle opens the path to 1.3445 then the 1.3520 layered res
Failure to hold the 1.3350 range floor exposes the 1.3300 pivot and threatens the higher-low structure
Cable carved a base at the 1.3140 range low mid-window then rallied in a run of higher lows to test the 1.3400 pivot, where a stack of resistance capped the move — consistent with the short-covering squeeze in GBP, G10's strongest, rather than a fresh trend leg. The last few bars have rolled off 1.3400 back toward 1.3350, holding above EMA50 but slipping under EMA20 as momentum stalls. ATR is mid-range, neither compressed nor expanding.
Support: 1.3330, 1.3300, 1.3140
Resistance: 1.3400, 1.3460
What it said to watch
H4 close above 1.3410 opens the path toward 1.3445 and the prior high at 1.3460
Failure to hold 1.3300 psych level negates the recovery structure
FOMC minutes at 18:00 UTC today could materially shift this read
Cable rebounded off the 1.3140 swing low in a clean higher-low sequence, but the recovery has stalled into layered resistance at 1.3400/1.3410 with two rejections in the last week. ATR(14) has compressed as price coils in a 1.3330-1.3400 range, sitting just under EMA20 while holding above a rising EMA50. The 8-9 day GBP squeeze on a softer dollar is grinding rather than reversing, with much of the good news already priced.
Support: 1.3330, 1.3300, 1.3285
Resistance: 1.3400, 1.3410, 1.3445
What it said to watch
H4 close above 1.3410 opens the path to 1.3445
Failure to hold 1.3300 negates the higher-low recovery
FOMC minutes at 18:00 UTC could shift this read
01:02 UTC
Recovery, stalling at 1.3400 · RSI 51 · price 1.3344
Higher lows since 1.3140, capped below 1.3400.
Higher-low structure intact since the 1.3140 base three weeks ago, with the recovery leg stalling repeatedly at the 1.3400 wall (200-EMA) — three tests capped near 1.3401 before the current pullback toward 1.3344. GBP's short-covering momentum drove the recovery, but price has now slipped back under EMA20 as the 1.3400 ceiling holds. FOMC minutes Wednesday is the USD swing factor for the next leg.
Support: 1.3320, 1.3285
Resistance: 1.3400, 1.3445
What it said to watch
H4 close above 1.3400 opens the 1.3445/1.3520 resistance stack
Close below 1.3320 negates the higher-low structure
FOMC minutes (Wed 18:00 UTC) is the USD catalyst driving Cable
Cable carved a series of higher lows off the 1.3140 base and rallied into the 1.3400 200-ema wall, where the last three pushes were rejected before this pullback to 1.3344. The move fits the short-covering theme flagged in context, but the stall at 1.3400 keeps price below EMA20 while holding above EMA50. Structure stays constructive as long as the 1.3320 key support holds.
Support: 1.3329, 1.3320, 1.3245
Resistance: 1.3400, 1.3445, 1.3520
What it said to watch
H4 close above 1.3410 opens the resistance stack toward 1.3445 then 1.3520
Close below 1.3320 negates the higher-low structure and exposes 1.3245
FOMC minutes (Wed 18:00 UTC) via USD could materially shift this read