Cable pushed into 1.3423 during yesterday's NY session but stalled at the 200-EMA/1.3410 ceiling and has leaked back below 1.3370, now trading 1.3362. The in-line US CPI print capped any dollar softness, leaving price mid-range between the 1.3300 area floor and the 1.3423 week high. RSI(14) near 40 with price under EMA20 reflects the fade from the highs.
Support: 1.3340, 1.3306, 1.3300
Resistance: 1.3392, 1.3410, 1.3423
What it said to watch
H1 close above 1.3410 clears the 200-ema ceiling and opens 1.3475
Failure to hold 1.3306 confirms a fresh lower low toward 1.3240
US PPI Thursday is the dominant USD-leg risk for this read
23:01 UTC
Recovery stalled, rolling over · RSI 41 · price 1.33618
Lower high after 1.3410 rejection.
Cable recovered off the 1.3306 swing low through midweek but stalled again at the 1.3410 200-EMA ceiling, printing a second rejection near 1.3423 before leaking back below 1.3380. The fade lines up with a firmer USD after in-line US CPI; price now sits on the 50% retrace of the week's up-move with RSI(14) cooling toward 40. EMA20 has capped the latest bounce, keeping the near-term tilt corrective.
Support: 1.3330, 1.3306, 1.3300
Resistance: 1.3410, 1.34232
What it said to watch
H1 close above 1.3410 invalidates the rejection read and exposes 1.3475
Failure to hold 1.3306 confirms a lower low toward 1.3240
US PPI Thursday is a USD catalyst that could shift this read
Cable recovered off the 1.3332 three-week low into midweek and tagged the 200-EMA ceiling near 1.3410 before leaking back below the figure, after a soft US core CPI MoM print failed to extend the move. The 1.3332–1.3410 band still frames the week; price now sits mid-range and has rolled under EMA20/EMA50 with RSI back below 45. Lower highs into the late session show the rally from 1.3306 stalling around the 50% retracement.
Support: 1.3332, 1.3300
Resistance: 1.3410, 1.3423
What it said to watch
H1 close above 1.3410 (200-ema) opens the path to 1.3475
Loss of 1.3332 confirms a lower low toward the 1.3300 pivot
US PPI Thursday is the next USD catalyst that could shift this read
Cable rebuilt from the 1.3306 area mid-week and pushed to 1.3423 in NY hours before the 200-EMA/1.3410 ceiling capped the move and price leaked back below EMA(20). The pullback has now retraced roughly half of that recovery and is hovering near 1.3365 with RSI(14) cooling toward 40. Direction has been USD-led after the in-line US CPI print kept the dollar near two-month highs.
Support: 1.3358, 1.3332, 1.3300
Resistance: 1.3410, 1.34232
What it said to watch
H1 close below 1.3358 confirms a lower-low and exposes 1.3332 week low
Reclaim of 1.3410 reopens the 1.3423 week high
US PPI (Thu 12:30 UTC) and UK GDP (Fri 06:00 GMT) are the next USD/GBP catalysts
21:02 UTC
Recovery stalling, pulling back · RSI 42 · price 1.33673
Rebound off 3-week low capped at 200-ema ceiling.
Cable rebounded off the 1.3332 three-week low after an in-line US CPI print and soft core capped the dollar, but the recovery stalled at the 1.3415 200-ema ceiling — high near 1.3423 — and price has leaked back below the figure to 1.3367. RSI(14) has cooled back to the low-40s as the pullback unwinds the week's bounce, with price now sitting below both EMA20 and EMA50.
Support: 1.3364, 1.3332, 1.3300
Resistance: 1.3415, 1.34232
What it said to watch
Hourly close above 1.3415 200-ema ceiling exposes 1.3475
Failure to hold 1.3364 swing low reopens the 1.3332 3-week low
US PPI Thu and UK GDP Fri are the next catalysts for this read
21:02 UTC
Recovery stalling, leaking back · RSI 43 · price 1.33673
Wide weekly range, rejected at ceiling.
GBPUSD recovered from Friday's three-week low near 1.3306 back to the 1.3410-1.3423 ceiling into the NY session, but ran into rejection there and has leaked back below 1.3380. With US core CPI's soft MoM print in line yesterday capping the dollar, cable is holding a wide weekly range rather than trending. Price now sits below EMA20 with RSI cycling in the mid-40s.
Support: 1.3358, 1.33058, 1.3300
Resistance: 1.34232, 1.3410
What it said to watch
Hourly close back above the 200-ema / 1.3410 ceiling needed to re-challenge the 1.34232 week high
Loss of 1.3306 week low confirms a lower low and reopens 1.3300 psych
US PPI Thursday could materially shift the dollar leg behind this read
Higher lows off week low, capped under 1.3410 ceiling.
Cable carved out higher lows from the three-week low near 1.3332 on Monday and climbed through the NY session to 1.3423, but the 200-EMA ceiling at 1.3410 capped the advance and price has since leaked back below EMA(20) to 1.3372. In-line US CPI yesterday gave the dollar no fresh fuel, leaving the recovery intact but stalling. RSI(14) has rolled back to the mid-40s as the pullback develops.
Support: 1.3332, 1.3300
Resistance: 1.3410, 1.3423, 1.3475
What it said to watch
H1 close above the 1.3410 ceiling / 1.3423 swing high opens the path to 1.3475
Failure to hold 1.3332 week low confirms a lower low
US PPI Thu 12:30 UTC is the next USD-leg catalyst for this read
20:01 UTC
Rebound stalling, rolling over · RSI 44 · price 1.33722
Rejection below 1.3410 ceiling, leaking back into mid-1.337s.
Cable rallied off midweek lows near 1.3306 into the NY session and peaked at 1.3423 on the in-line US CPI print, but stalled at the 200-EMA/1.3410 ceiling and has leaked back to mid-1.337s. RSI(14) has cooled into the low-40s with price slipping under EMA20, marking a lower high after the rejection. The 1.3410 zone has repeatedly capped this week's recovery attempts.
Support: 1.3370, 1.3332, 1.3300
Resistance: 1.3410, 1.3423, 1.3475
What it said to watch
H1 close above 1.3410 invalidates the rejection read and exposes 1.3475
Failure to hold 1.3332 confirms a fresh lower low toward 1.3300
US PPI Thursday is the dominant USD-leg catalyst for the next session
Cable has clawed back from Monday's ~1.3306 low through a steady run of higher lows, peaking at 1.3423 in NY yesterday before stalling at the 200-EMA/1.3410 ceiling. The pair leaked back below the figure overnight on a firm USD after in-line US CPI, with RSI(14) cooling toward 46 and price slipping under EMA20. The 1.3410-1.3415 band remains the line of control — repeated rejections there keep the recovery contained.
Support: 1.3371, 1.3332, 1.3300
Resistance: 1.3410, 1.34232
What it said to watch
H1 close above 1.3415 200-EMA ceiling opens the path to 1.3475
Failure to hold 1.3371 swing low exposes 1.3332 week low then 1.3300
US PPI Thursday and UK GDP Friday could materially shift this read
Cable recovered off the 1.3306 low through the NY session, peaking at 1.34232 before the 200-EMA near 1.3410 capped the move and price leaked back to 1.3377. RSI(14) has cooled from overbought toward mid-range as the pullback unwinds the impulse, with price slipping under EMA20 but holding above EMA50. In-line US CPI kept the dollar supported, stalling the advance below the 1.3410 ceiling.
Support: 1.3370, 1.3332, 1.3300
Resistance: 1.3410, 1.34232, 1.3475
What it said to watch
H1 close above 1.3410 (200-ema) opens the path to 1.3475
Failure to hold 1.3370 swing low exposes the 1.3332 three-week low
US PPI Thu could shift the dollar leg driving cable
18:02 UTC
Recovery off the week low, momentum stalling at resistance · RSI 54 · price 1.33926
Higher lows since midweek, capped under 200-EMA.
Cable has clawed back from the three-week low at 1.33058 to retest the 200-EMA ceiling near 1.3415, RSI(14) cycling mid-range as the recovery grinds out higher lows. Today's push to the day high at 1.34232 was rejected and price leaked back under the figure — an in-line US CPI gave no fresh USD direction. Price still holds just above EMA20 after the NY-session bounce.
Support: 1.3371, 1.33058, 1.3300
Resistance: 1.3415, 1.34232
What it said to watch
H1 close above the 200-ema / 1.3415 opens the path to 1.3475
Failure to hold the 1.3371 swing low exposes the 1.3300 pivot and 1.33058 week low
US PPI Thu and UK GDP Fri could materially shift this read
18:02 UTC
Recovery off week low, momentum slowing at ceiling · RSI 53 · price 1.33926
Higher lows since mid-week, capped under 1.3415.
Cable carved out a rounded base near the 1.3306 week low and ground higher through the NY session yesterday, tagging 1.34232 before the 200-EMA/1.3415 ceiling capped the advance with the in-line US CPI giving no fresh USD fuel. Price has since leaked back to 1.339, holding above EMA20 with RSI(14) cycling in the low-50s. The 1.3415 ceiling — flagged in the macro read — remains the pivotal cap on this week's recovery.
Support: 1.3371, 1.3332, 1.3306
Resistance: 1.3415, 1.34232, 1.3475
What it said to watch
H1 close above 1.3415 invalidates the ceiling rejection and opens 1.3475
Failure to hold 1.3371 confirms a lower-low, exposing 1.3332/1.3306
US PPI Thu 12:30 GMT is the next USD catalyst that could shift this read
Higher lows into 1.3410 ceiling, faded back below figure.
Cable has clawed back the bulk of last week's drop, grinding higher off Monday's 1.3306 base on a softer USD. The advance stalled at the 1.3410 200-EMA ceiling today — price tagged 1.34232 around the in-line US CPI print then faded back below the figure to 1.3392. RSI has eased from the highs as the move loses steam at resistance.
Support: 1.3371, 1.3330, 1.33215
Resistance: 1.3410, 1.34232, 1.3475
What it said to watch
Repeated rejections at the 1.3410-1.3415 200-ema keep capping the recovery; an hourly close above opens 1.3475
Loss of 1.33710 swing low breaks the week's higher-low sequence, exposing 1.3330
US PPI Thu and FOMC Jun 17 are the dominant USD catalysts that could reshape this read
Cable has clawed back from Tuesday's 1.3306 low in a steady sequence of higher lows, riding EMA(20) and EMA(50) into the NY session. The 1.3410-1.3415 200-EMA ceiling capped the push to 1.34232 on the in-line US CPI print, and price has since leaked back to 1.339 with RSI(14) cooling off the mid-50s. The recovery structure holds while higher lows above 1.3376 stay intact.
Support: 1.3376, 1.3358, 1.3330
Resistance: 1.3415, 1.34232, 1.3475
What it said to watch
Clean H1 close above 1.3415 exposes 1.34232 then 1.3475
Loss of 1.3376 higher low breaks the recovery sequence toward 1.3358
US PPI Thursday is the next USD-leg catalyst that could shift this read
16:02 UTC
Recovery off the lows, momentum flattening · RSI 52 · price 1.33906
Higher lows into the 200-EMA ceiling.
Cable carved a 3-week low near 1.3332 mid-week then ground higher, tagging the 1.3410-1.3423 200-EMA ceiling into yesterday's NY session before being rejected back below the figure. The in-line US May CPI capped the USD leg but offered no fresh tailwind, leaving price oscillating around the EMA20 with RSI(14) cycling near 50. The week-high spike to 1.3423 stalled and faded, keeping the recovery contained.
Support: 1.3386, 1.3370, 1.3332
Resistance: 1.3410, 1.3423, 1.3475
What it said to watch
H1 close above 1.3423 week high opens the path to 1.3475
Failure to hold 1.3370 swing low reopens the 1.3332 3-wk low
US PPI Thu could shift the USD leg and this read
16:02 UTC
Recovery off week low, capped near ceiling · RSI 54 · price 1.33906
Rising lows since 1.3306, stalling under 1.3410-1.3415.
Cable has clawed back from the 1.3306 week low on a softer USD after an in-line US CPI (core MoM softened to 0.2%), grinding higher into the NY session on rising lows. The push to 1.34232 was rejected back under the 1.3410-1.3415 ceiling, and price closed at 1.33906 holding above EMA(20). RSI(14) is mid-range near 54 with no extreme.
Support: 1.3371, 1.3333, 1.33058
Resistance: 1.3415, 1.34232, 1.3475
What it said to watch
H1 close above the 1.3410-1.3415 ceiling exposes 1.3475
Failure to hold 1.3370 reopens 1.3332 then the 1.3300 pivot
UK GDP Friday 06:00 GMT could shift this read
15:02 UTC
Uptrend, stalling at ceiling · RSI 60 · price 1.33996
Higher lows since Tuesday, capped at 200-ema.
Cable has recovered off Tuesday's 1.3306 week low, grinding higher through this week's NY sessions as a softer USD on the core CPI MoM miss gave Sterling a lift. The advance stalled at the 200-ema/1.3415 ceiling — a session high of 1.34232 marked the cap before price leaked back below the figure. Holding above EMA20 with RSI near 60.
Support: 1.3376, 1.3330, 1.3306
Resistance: 1.3415, 1.34232, 1.3475
What it said to watch
Clean H1 close above 1.3415 200-ema exposes the 1.3475 upside tgt
Failure to hold the 1.3376 session low opens 1.3330 swing low
US PPI Thursday is the next USD catalyst that could shift this read
Cable recovered off the week low near 1.3330, grinding higher through London into NY to tag 1.3423 before easing back below the figure. Price holds above EMA(20) with RSI(14) cycling in the upper-50s, but the 1.3410 200-EMA area capped the latest push. US CPI printed in line today, taking some edge off USD-hawkish bets without forcing a clean break.
Support: 1.3375, 1.3330, 1.3300
Resistance: 1.3410, 1.3423, 1.3475
What it said to watch
H1 close above 1.3415 (200-ema) opens the path toward the 1.3475 prior high
Failure to hold 1.3375 swing low risks a retest of the 1.3330 week low and 1.3300 pivot
UK GDP Friday could materially shift this read
14:02 UTC
Recovery uptrend into resistance · RSI 64 · price 1.34081
Higher lows since week low, testing 1.3410 ceiling.
Cable has carved a steady sequence of higher lows since the week-low print near 1.3306, with RSI(14) cycling up to the low-60s as price reclaimed both EMAs through the NY session. The advance has now run back into the 200-EMA ceiling at 1.3410-1.3415 — the same area that capped attempts earlier in the week — after an in-line US CPI left the USD steady rather than directional. Last bar tagged 1.3423 before easing back below the figure.
Support: 1.3375, 1.3306, 1.3300
Resistance: 1.3415, 1.3423, 1.3475
What it said to watch
Hourly close above 1.3415 ceiling opens the path toward 1.3475
Loss of 1.3375 session low breaks the higher-low sequence
US PPI tomorrow and UK GDP Friday are the key catalysts that could reshape this read
Higher lows since midweek, testing 1.3415 ceiling.
Cable has ground back up through the week off the 1.3306 swing low, printing higher lows and reclaiming both EMAs, with RSI(14) cycling in the 55-65 band on each pullback. US May CPI landed in line, keeping the dollar steady and letting the recovery extend into the 1.3410-1.3415 ceiling, where last hour's spike to 1.3423 was sold back below the figure. The 200-EMA zone has capped repeatedly this week and remains the immediate barrier.
Support: 1.3385, 1.3332, 1.3300
Resistance: 1.3415, 1.3475
What it said to watch
Clean H1 close above 1.3415 exposes 1.3475
Failure to hold 1.3385 EMA20 risks a slide back toward 1.3332 week low
US PPI tomorrow and UK GDP Friday could materially shift this read
Cable sliced to 1.3306 after Friday's strong NFP, then has carved a sequence of higher lows back toward the 200-day EMA cap near 1.3400. Price poked 1.3410 and was rejected, slipping back to 1.3377 before stabilising; the move is USD-led ahead of today's US CPI rather than domestic conviction. RSI(14) sits mid-range around 56, consistent with the recovery losing steam into resistance.
Support: 1.3358, 1.3306
Resistance: 1.3410, 1.3439
What it said to watch
US CPI landing now is the dominant near-term driver and could shift this read sharply
H1 close above 1.3415 clears the 200d ema cap and exposes 1.3439
Failure to hold 1.3358 reopens the 1.3306 pivot
13:01 UTC
Recovery within weekly range · RSI 55 · price 1.33906
Rebound from 1.3306 lows capped under 1.3400.
Cable has clawed back from Tuesday's slide to the 1.3306 lows and is grinding higher toward the 200-day EMA cap near 1.3400-1.3415, where the latest push met rejection. The move is USD/risk-led into today's US CPI rather than domestic conviction, and price still sits inside this week's broad 1.3300-1.3475 band. RSI(14) is cycling mid-range as it tracks the recovery off the lows.
Support: 1.3300, 1.33058
Resistance: 1.3408, 1.3415
What it said to watch
H1 close above 1.3415 clears the 200d ema cap and opens the path toward 1.3475
Failure to hold 1.3300 pivot exposes 1.3240
US CPI reaction is the dominant near-term driver and could reset this read
UK GDP Fri 06:00 UTC adds a GBP-specific risk into week-end
12:02 UTC
Recovery off lows, capped under 1.3400 · RSI 48 · price 1.33776
Rebound from week low stalling at the 200-dema ceiling.
Cable carved a rounded recovery from Monday's 1.3306 week low, grinding back to the 1.3400 200-dema ceiling before being rejected and slipping to 1.3378. Price now sits just under EMA(20) but holds above EMA(50), with RSI(14) cycling back to neutral after the stall. The whole move is USD-led and the window closes minutes ahead of US May CPI, the dominant near-term catalyst.
Support: 1.3330, 1.33058, 1.3300
Resistance: 1.3400, 1.3415, 1.3475
What it said to watch
US CPI due ~12:30 UTC will likely drive the next leg and could materially shift this read
Clean H1 close above 1.3415 negates the ceiling rejection and opens 1.3475
Failure to hold 1.3330 reopens the 1.3306 week low and 1.3300 psych
12:02 UTC
Recovery, capped under ceiling · RSI 49 · price 1.33776
Range below 1.3400, higher lows from week low.
Cable clawed back from Monday's slide to the 1.3306 week low but stalled under the 1.3400-1.3415 200-DEMA ceiling, where the latest push to 1.3410 was rejected. Price has since drifted back below EMA20 with RSI(14) easing toward 48 into the NY session. The whole week's structure remains USD-led ahead of today's US CPI print.
Support: 1.3358, 1.3331, 1.3306
Resistance: 1.3400, 1.3411
What it said to watch
US CPI in ~30min is the immediate driver and could reset this read
H1 close above 1.3415 invalidates the ceiling rejection and opens 1.3475
Failure to hold 1.3358 reopens the 1.3306 week low
Higher lows since Monday low, stalling under 1.3400.
Cable has clawed back from Monday's ~1.3306 low, stacking higher lows through the week into the 200-day EMA near 1.3400 that has capped the latest attempts. Price is consolidating 1.3380–1.3400 with RSI(14) cycling around 60, holding above EMA20 on each pullback. A soft BRC retail beat earlier gave a brief lift that faded into the ceiling.
Support: 1.3382, 1.3358, 1.3330
Resistance: 1.3400, 1.34106
What it said to watch
US May CPI today 12:30 UTC is the dominant near-term driver for this read
H1 close above 1.3415 opens the path toward 1.3475
Failure to hold 1.3358 breaks the rising-low structure and exposes the 1.3300 weekly floor
Higher lows since Tuesday low, capped under 1.3400.
Cable has clawed back from Tuesday's 1.3306 low in a steady sequence of higher lows, now consolidating in the 1.3380-1.3400 band into the NY session. The 200-day EMA / 1.3400 ceiling has capped the advance, with RSU(14) cycling mid-range rather than extending. Price holds above both H1 EMAs, but the recovery is stalling exactly where the weekly context flags supply.
Support: 1.3375, 1.3330, 1.3306
Resistance: 1.3400, 1.3411, 1.3415
What it said to watch
US May CPI at 12:30 UTC is the dominant near-term driver for this read
H1 close above 1.3415 invalidates the 1.3400 cap and opens 1.3475
Failure to hold 1.3375 ema20 exposes the 1.3330 swing low
Cable has clawed higher since the week low near 1.3306, printing a sequence of higher lows and holding above EMA(20) and EMA(50) into the NY hours. The 200-dma / 1.3400 ceiling has capped the advance, with RSI(14) cycling around 60 as the move flattens just below the round number. The weekend gap and Friday's slide had pressured price toward 1.3300 before this recovery leg.
Support: 1.3358, 1.3306, 1.3300
Resistance: 1.3400, 1.3411, 1.3475
What it said to watch
US CPI at 12:30 GMT is the dominant near-term driver and could materially shift this read
A clean H1 close above 1.3411 opens the path toward 1.3475
Failure to hold 1.3358 reopens the 1.3300 week floor
10:01 UTC
Recovery, stalling under 1.3400 · RSI 56 · price 1.33967
Higher lows since week floor, capped at ceiling.
Cable has clawed back from the week floor near 1.3300 in a series of higher lows and now consolidates just under the 200-day EMA near 1.3400, where two pushes this week have stalled. Price holds above EMA20 with RSI(14) cycling mid-range, reflecting the wait-and-see grind flagged in the digest ahead of US CPI. The 1.3306 low set the base for the current leg; the 1.3400 ceiling remains the line in the sand.
Support: 1.3370, 1.3300
Resistance: 1.3400, 1.3415
What it said to watch
US CPI today (12:30 GMT) is the dominant near-term driver and could materially shift this read
H1 close above 1.3415 invalidates the ceiling rejection and opens the path higher
Failure to hold 1.3370/EMA20 puts the week floor at 1.3300 back in play
09:02 UTC
Recovery off lows, capped near 1.3400 · RSI 56 · price 1.33851
Higher lows since mid-week low, ceiling intact.
Cable carved out a three-week low near 1.3300 mid-week then ground higher lows back into the 1.3390s, now sitting on the rising EMA20 around 1.3383. The 1.3400 200-day region has capped progress, with the week high at 1.3397 unbroken. RSI(14) holding the mid-50s reflects steady but unspectacular recovery momentum into US CPI.
Support: 1.3383, 1.3330, 1.3300
Resistance: 1.3397, 1.3400
What it said to watch
US CPI in ~4h is the dominant near-term driver for this read
H1 close above 1.3400 opens the path toward 1.3475
Cable has rebuilt steadily since the Sunday/Asia session low near 1.3306, carving higher lows into NY and tagging 1.34106 before fading back to consolidate around 1.3385. The 200-day EMA / 1.3400 ceiling remains the wall — flagged in the GBP digest after repeated rejections there. Price holds above EMA(20) with RSI(14) cycling in the mid-50s, but US CPI later today is the dominant near-term driver.
Support: 1.3358, 1.3330
Resistance: 1.3400, 1.34106
What it said to watch
US CPI (12:30 UTC) could materially shift this read
H1 close above 1.3400 / 200d ema opens path to 1.34106 week high
Loss of 1.3358 swing low reopens 1.3300 key support
Higher lows since post-weekend low, into 200-day EMA.
Cable has ground out higher lows since the post-weekend low near 1.3306, climbing back above EMA(20) and EMA(50) through the NY session and into Asia. The advance is stalling under the 1.3400 figure / 200-day EMA that has capped this week, with RSI(14) holding the high-50s. The move tracks a softer USD ahead of the day's dominant catalyst.
Support: 1.3358, 1.3306, 1.3375
Resistance: 1.3400, 1.3415, 1.3475
What it said to watch
US CPI at 12:30 UTC (~4.5h) is the dominant catalyst and can reset this read
H1 close above 1.3415 opens the path toward 1.3475
Failure to hold 1.3358 exposes the 1.3306 week low, then 1.3300
08:02 UTC
Recovering off week lows, capped at 1.3400 · RSI 56 · price 1.33881
Higher lows into 1.3400 resistance band.
Cable carved a base around 1.3306-1.3358 after the NFP-driven slide earlier in the week, and has ground higher to retest the 1.3400 figure where the 200-day EMA caps. Price holds above EMA20 and EMA50 with RSI near 56, but two attempts at 1.3400 have stalled. US CPI today (~6h) is the dominant catalyst for the next leg.
Support: 1.3358, 1.3372, 1.3306
Resistance: 1.3400, 1.3415, 1.3475
What it said to watch
H1 close above 1.3415 opens the path toward 1.3475
Failure to hold 1.3358 reopens the 1.3306 week low
Cable sliced lower mid-week on the hawkish US repricing, bottoming at 1.3306 before recovering to 1.3410 where the move was rejected. Price has since drifted back into the mid-1.33s, hovering around EMA(20) with RSI(14) flat near 50 — a flow-driven consolidation, not a UK-data move. The 1.3390/1.3410 band has capped this week's bounce while 1.3358 holds as the near support.
Support: 1.3358, 1.3330, 1.3306
Resistance: 1.3390, 1.3410, 1.3475
What it said to watch
US CPI at 12:30 UTC (~6h) is the immediate USD-side catalyst and could break this range
H1 close above 1.3410 opens the path toward 1.3475
Failure to hold 1.3358 exposes the 1.3330 pivot, then 1.3306 week low
07:02 UTC
Recovery uptrend, capped at range top · RSI 56 · price 1.3380
Higher lows off 1.3306, capped near 1.3390.
Cable carved out a rounded base off Wednesday's 1.3306 low and has built higher lows back into the mid-1.33s, holding above EMA(20) with RSI cycling in the mid-50s. The 1.3390 prior high capped the latest push, with the last bar rejecting from 1.3397 back to 1.3380. Gains have been flow/risk-driven rather than UK-data led, with US CPI today the immediate catalyst for the USD leg.
Support: 1.3375, 1.3306, 1.3300
Resistance: 1.3390, 1.3415, 1.3475
What it said to watch
US CPI in ~6h (12:30 UTC) is the immediate catalyst and could reset this read
H1 close above 1.3415 range top opens the path to 1.3475
Failure to hold the rising trendline / 1.3306 swing low exposes the 1.3300 key support
06:02 UTC
Recovery uptrend into resistance · RSI 62 · price 1.3392
Higher lows since Wednesday low.
Cable has climbed in a series of higher lows since Wednesday's 1.3306 low, retracing roughly half of Monday-to-Wednesday's slide and trading 1.3392 into the Asia session. Price holds above EMA(20) with RSI(14) cycling in the upper-50s/low-60s, but the 1.3410 area has capped this week and is the immediate ceiling. The move has been risk-sentiment/USD-flow driven ahead of today's US CPI rather than UK data.
Support: 1.3370, 1.3340, 1.3300
Resistance: 1.3410, 1.3475
What it said to watch
US CPI at 12:30 UTC is the dominant wildcard for this read
H1 close above 1.3415 opens the path toward 1.3475
Failure to hold 1.3370 risks a return toward 1.3340/1.3300
UK GDP Friday 06:00 UTC could reshape the recovery
Cable has carved a string of higher lows since basing near 1.3306 mid-week, with the grind back through the NY session holding above EMA(20) and RSI(14) cycling 50-62 on each pullback. Price is now retesting the 1.3410 area that has capped attempts all week, with the recovery sitting around the 50% retrace of the 1.3483-1.3306 decline. The move has been risk/USD-flow driven rather than UK data.
Support: 1.3378, 1.3364, 1.3306
Resistance: 1.3410, 1.3483
What it said to watch
H1 close above 1.3410/1.3415 opens the path to 1.3475
Loss of 1.3364 breaks the higher-low sequence and re-exposes 1.3306
US CPI ~6h out is the cross-asset wildcard that can override this read
UK GDP Fri 06:00 UTC a swing factor for the back half of the week
Cable recovered off the week-low near 1.3300 to tag 1.3410 before easing back; price now consolidates around the 1.3382 EMA20 with RSI(14) mid-range. The 1.3410 week cap has held this week's attempts while the session high at 1.3391 marks the nearer barrier. The lift into the high-1.33s was risk and USD-flow driven ahead of today's US CPI rather than UK data.
Support: 1.3370, 1.3336, 1.3300
Resistance: 1.3391, 1.3410, 1.3475
What it said to watch
H1 close above 1.3410 week cap opens path to 1.3475
Failure to hold 1.3370 range floor exposes 1.3336 week low then 1.3300 key support
US CPI at 12:30 UTC could materially shift this read
Cable has carved a steady recovery off Monday's 1.3306 low, building higher lows through the week as the dollar trimmed gains on easing Israel-Iran tensions. Price holds above EMA20 with RSI(14) cycling mid-50s, but the 1.3390/1.3410 band has capped the advance and stalled the latest NY-session push. The move has been flow-driven; US CPI at 12:30 UTC is the dominant near-term variable.
Support: 1.3368, 1.3306, 1.3300
Resistance: 1.3391, 1.3410
What it said to watch
US CPI 12:30 UTC could materially shift this read
H1 close above 1.3410 opens the path to 1.3475
Failure to hold 1.3300 confirms a lower-low toward 1.3240
Cable has ground back up since Tuesday's weekend gap-down low near 1.3306, printing higher lows into the NY session and now testing the 1.3390 range top that capped price ahead of Friday's NFP shock. The 172K NFP beat drove the sharp drop through the mid-1.33s last week; this recovery is flow/risk-driven on a softer Dollar, with RSI(14) cycling in the upper-50s and price holding above EMA(20). The 1.3390/1.3415 band remains the structural ceiling.
Support: 1.3375, 1.3340, 1.3300
Resistance: 1.3390, 1.3415, 1.3475
What it said to watch
H1 close above 1.3415 exposes 1.3475
Loss of 1.3375 EMA20 puts 1.3340 swing low back in play
UK April GDP Fri 06:00 UTC (f/c -0.1%) could break the 1.3300 pivot
Cable has recovered steadily off the midweek 1.3306 swing low, printing higher lows back to 1.3391 and holding above EMA(20) with RSI(14) cycling in the upper 50s. The move tracks a softer USD on cooling Middle East risk; 1.3390/1.3415 is the week's resistance band that has capped prior attempts. Price is pressing the top of the broader 1.3300-1.3410 weekly range.
Support: 1.3364, 1.3306, 1.3300
Resistance: 1.3391, 1.3415, 1.3475
What it said to watch
Hourly close above 1.3415 opens the path toward 1.3475
Failure to hold 1.3364 reopens the 1.3306 swing low and 1.3300 pivot
US CPI 12:30 UTC and UK GDP Friday 06:00 UTC could materially shift this read
Higher lows since midweek base, capped under 1.3410.
Cable carved a rounded base off the 1.3306 midweek low after Friday's NFP-driven slide and recovered to the 1.3410 week high before easing back into the mid-1.337s. Price now sits just below EMA20 while holding above EMA50, consolidating in a thin Asia session ahead of US CPI. Resistance at 1.3410 capped the recovery; the 1.3358 swing low is the nearest support.
Support: 1.3358, 1.3330, 1.3300
Resistance: 1.3410, 1.3415
What it said to watch
US CPI 12:30 UTC could materially shift this read
H1 close above 1.3410 week high reopens the path toward 1.3475
Failure to hold the 1.3358 swing low exposes the 1.3300 pivot
Friday's blowout US NFP drove Cable off the 1.3460s and below 1.3400, with a weekend gap down compounding the move into the 1.3300 area. Price has since clawed back to a 1.34106 high before fading, leaving it ranging in the mid-1.33s with RSI(14) cycling around 50 and price hugging EMA(20). Buyers stepped in repeatedly near 1.3306–1.3360 while supply capped the recovery at 1.3410.
Support: 1.3364, 1.3330, 1.33058
Resistance: 1.34106, 1.3475
What it said to watch
US CPI at 12:30 UTC could materially shift this read
H1 close above 1.3410 opens the path toward 1.3475
Friday's blowout US NFP drove the sharp NY-session drop that knocked Cable to the 1.3306 three-week low. Price has since rounded higher into the 1.3410 swing high and is now pulling back to mid-1.33s, with RSI(14) cycling back toward 47 as the bounce loses steam. The recovery has been USD-driven on softer safe-haven flows rather than sterling strength; 1.3410 capped the latest attempt.
Support: 1.3358, 1.3330, 1.3306
Resistance: 1.3410, 1.3448
What it said to watch
US CPI at 12:30 UTC is the dominant near-term risk and could reset this read
H1 close below 1.3330 reopens the 1.3306 low and the 1.3240 zone
Reclaim of 1.3410 needed to extend the recovery; UK April GDP Fri 06:00 UTC
Lower high below 1.3410 after recovery off week low.
Cable rebuilt off the 1.3306 week low through midweek but the bounce stalled at the 1.3410 swing high, leaving a lower high beneath the broader drop from 1.3483. Price has since drifted back into the mid-1.33s, slipping under EMA(20) while holding above the recent low at 1.3364. The recovery was USD-driven on the Iran-ceasefire safe-haven unwind, not GBP strength.
Support: 1.3364, 1.33058
Resistance: 1.3391, 1.34106
What it said to watch
US CPI at 12:30 UTC can materially shift this read
H1 close below 1.3364 reopens the 1.3306 week low
Reclaim of 1.3390/1.3410 negates the lower-high structure
Cable was hammered through 1.3306 on Friday's blowout US NFP, then clawed back toward 1.3411 across Monday-Tuesday before fading to the mid-1.337s. Price has slipped back below the 1.3382 EMA20 with RSI cycling neutral, and the 1.3390 prior cap and 1.3411 swing high capped the recovery. Buyers held the 1.3364 pullback low, keeping the move above the 1.3300 pivot intact.
Support: 1.3364, 1.3306, 1.3300
Resistance: 1.3382, 1.3390, 1.3411
What it said to watch
H1 close below 1.3300 pivot opens 1.3240 then 1.3200
Reclaim of the 1.3382 EMA20 and 1.3390 cap needed to extend the recovery
UK April GDP Fri 06:00 UTC could materially shift this read
Cable rebounded from Monday's weekly low at 1.3306 into a 1.3410 peak before fading back to the EMA20 near 1.3382, the latest leg in a USD-driven week after Friday's blowout NFP knocked the pair below 1.3400. RSI(14) is cycling near the midline as the bounce stalls, with price now hovering just under the EMA20 while holding above the rising lows. The 1.3390/1.3410 band has capped the recovery; 1.3358 marks the most recent higher-low.
Support: 1.3358, 1.3306
Resistance: 1.3390, 1.3410
What it said to watch
H1 close below 1.3358 breaks the higher-low sequence and reopens the 1.3306 weekly low
Reclaim of 1.3410 needed to extend the recovery off Monday's low
UK April GDP Fri 06:00 UTC could materially shift this read
Cable clawed back off the post-NFP three-week low, building a string of higher lows into 1.3410 where two attempts were capped this week — a double-top rejection. Price has since slipped back below the EMA(20) toward the 38.2% retrace of that recovery, with RSI(14) cooling toward the mid-40s. The move up was USD-driven on the Israel-Iran ceasefire read rather than sterling strength.
Support: 1.3358, 1.3330, 1.3300
Resistance: 1.3410, 1.3390
What it said to watch
US CPI Wed 12:30 GMT could materially shift this read
UK April GDP Fri 06:00 UTC is the next sterling-specific risk
H1 close below 1.3300 opens 1.3240
Reclaim of 1.3410 on a close negates the double-top rejection
Friday's blowout US NFP knocked Cable below 1.3400 to a three-week low near 1.3306; price clawed back through the weekend into a 1.3410 lower high before fading. The pullback has price back below EMA(20) with RSI(14) easing toward 44 as the 1.3390 resistance caps the latest attempt. The 1.3330 pivot and the 1.3306 week low are the structure to monitor below.
Support: 1.3330, 1.3306
Resistance: 1.3390, 1.3410
What it said to watch
H1 close below 1.3330 pivot opens the 1.3306 week low then 1.3300
Reclaim of 1.3390 resistance would re-engage the recovery toward 1.3410
UK April GDP Fri 06:00 UTC could materially shift this read