Broke weekly range top, consolidating below 3-week high.
Cable spent the week trapped 1.3400-1.3500 before Friday's -23K US payrolls miss drove a sharp pop from ~1.3450 to a 3-week high near 1.3508. Price has since gone flat, consolidating just above the reclaimed 1.3500 pivot with RSI easing back from the spike but holding above 50. The move sits above EMA20 and EMA50, though the 1.3555 cap flagged this week remains untested.
Support: 1.3483, 1.3441, 1.3410
Resistance: 1.3508, 1.3555
What it said to watch
Sustained close above 1.3508 opens the path toward the 1.3555 cap
Loss of 1.3483 consolidation floor points back into the 1.3450-1.3500 zone
Break below 1.3410 flips the near-term structure lower
US CPI Wed and UK GDP Aug 13 are the next catalysts that could reprice this
Range break above 1.3500, holding above breakout base.
Cable spent the week trapped in a 1.3400-1.3500 range before breaking out to a 3-week high near 1.3509 on Friday's -23K US NFP miss, an entirely USD-driven move. Price has held above the 1.3483 breakout base since, consolidating in a tight 1.3484-1.3504 band through thin weekend trade with RSI(14) cooling off its post-NFP peak. The prior range top around 1.3450 now sits below as the first structural support.
Support: 1.34825, 1.3450, 1.3410
Resistance: 1.35086, 1.3555
What it said to watch
H1 close back below 1.34825 puts the breakout at risk and reopens the 1.3450 range top
Break above 1.35086 exposes the 1.3555 cap flagged as this-week resistance
US CPI Wed and UK GDP Aug 13 are the near-term catalysts that can reshape this read
Cable spent the week trapped in the 1.3400-1.3500 band before Friday's -23K US NFP miss drove a sharp pop through 1.3500 to a 3-week high at 1.3508. Price has since flattened into a tight consolidation just under that high, holding above EMA(20) with RSI(14) easing back from the post-NFP surge. The advance is entirely a USD story; sterling's own catalyst waits until next week's UK GDP.
Support: 1.3487, 1.3444, 1.3410
Resistance: 1.3508, 1.3555
What it said to watch
Hold above the 1.3487 consol low keeps the breakout intact
A close back below 1.3444 breakout base fills the NFP move
Reclaiming 1.3508 week high opens the path to the 1.3555 cap
US CPI Wed 12:30 GMT is the next major driver for this pair
Broke weekly range, consolidating under 3-week high.
Cable spent the week trapped in 1.3400-1.3500 before Friday's -23K US NFP miss drove a one-bar impulse from ~1.3434 to a 1.3508 three-week high. Since then price has consolidated in a tight band above EMA(20) with RSI(14) cooling off the highs into the low-60s. The 1.3508 print has capped the follow-through, while dips have been bought around 1.3483.
Support: 1.3483, 1.3450, 1.3410
Resistance: 1.3508, 1.3555
What it said to watch
H1 close above 1.3508 opens the path to the 1.3555 cap
Loss of 1.3483 signals the NFP pop is fading back toward 1.3450
US CPI Wed and UK GDP Aug 13 could materially reset this read