Higher lows since late-July low, capped at 1.3509.
GBPUSD has recovered off the late-July 1.3273 low in a higher-low sequence, pushing back to the 1.3509 three-week high before stalling just under the 1.3500 psych pivot. EMA20 sits above EMA50 confirming the recovery leg, but ATR(14) has compressed as price coils sub-1.3500 into US CPI. Repeated rejection near 1.3509 keeps the move range-bound between 1.3410 and 1.3509.
Support: 1.3500, 1.3410, 1.3273
Resistance: 1.3509, 1.3558
What it said to watch
H4 close above 1.3509 opens the path toward the 1.3558 prior high
Failure to hold 1.3410 confirms a lower low and negates the higher-low structure
US CPI Wed 12 Aug could materially shift this read
Higher lows since late-month low, capped below 1.3509.
GBPUSD has clawed back from the late-month 1.3273 low in a series of higher lows, printing a three-week high at 1.3509 before stalling into a tight range around 1.3490. Price holds above both EMA20 and EMA50 with ATR compressing, consistent with the digest's 1.3400-1.3500 band read as the market waits on US CPI and Thursday's UK Q2 GDP. Buyers have defended the 1.3480 base repeatedly while 1.3509 continues to cap.
Support: 1.3480, 1.3410, 1.3273
Resistance: 1.3509, 1.3558
What it said to watch
H4 close above 1.3509 opens the path toward the 1.3558 range top
Failure to hold the 1.3480 range base reopens 1.3410 downside trigger
US CPI Wed 12 Aug and UK Q2 GDP Thu 13 Aug could materially shift this read
Higher highs and higher lows since late-month low, consolidating below 1.3508.
Cable is carving higher lows since the 1.3273 late-month base and spiked to 1.3508 on Friday's shock -23K US NFP miss, a USD-weakness move rather than a UK story. Price has since stalled into a tight consolidation just under the 1.3558 barrier, with ATR holding a moderate regime. The rally lacks its own catalyst and is pinned between 1.3508 resistance and the rising higher-lows support.
Support: 1.3417, 1.3410
Resistance: 1.3508, 1.3558
What it said to watch
H4 close above 1.3508 opens the path to the 1.3558 barrier and 1.3600
Failure to hold 1.3410 confirms a lower-low and opens a pullback
US CPI Wed 12:30 UTC and UK GDP Thu 06:00 UTC could materially shift this read
Higher lows since late-July trough, consolidating below 1.3510.
Cable recovered from the late-July trough near 1.3273 to 1.3510, a move driven by broad USD weakness after Friday's -23K NFP shock rather than any UK catalyst. Price is now consolidating just below the 1.3510 swing high, with higher lows intact and price holding above both EMAs. ATR is moderate — the pair is coiling near the top of its multi-week range rather than extending.
Support: 1.3440, 1.3410, 1.3273
Resistance: 1.3510, 1.3558
What it said to watch
H4 close above 1.3510 opens the 1.3558 barrier
Failure below the 1.3440 range low risks 1.3410 sma support
US CPI Wed 12:30 UTC is the dominant driver and could reshape this USD-led read
Higher lows since late-July; range break above 1.3500.
Cable carved higher lows off the late-July 1.3273 base and broke the multi-week 1.3400-1.3500 range after the -23K US NFP miss gutted Fed-hike bets. Price is now consolidating just under the 3-week high at 1.3506, holding above both EMA20 and EMA50 with ATR(14) in a moderate regime. The leg is USD-driven; sterling's own catalyst (UK GDP) is still ahead.
Support: 1.3441, 1.3410, 1.3273
Resistance: 1.3506, 1.3555
What it said to watch
Hold vs fade at the 3-wk high 1.3506 tells if the NFP pop sticks
H4 close below 1.3410 flips the near-term structure lower
1.3555 is the key upside cap — area to watch for rejection or break
UK GDP Aug 13 and US CPI Aug 12 could materially shift this read
Cable clawed back from the 1.3280 swing low to a 3-week high above 1.3500, an entirely USD-driven pop after the shock -23K NFP gutted Fed-hike bets. Price is now consolidating just under the 1.3506 pivot with higher lows intact; ATR sits in a mid-range regime, neither compressed nor expanding. Sterling's own fundamentals stay soft, so follow-through leans on the USD side rather than domestic strength.
Support: 1.3410, 1.3280
Resistance: 1.3506, 1.3555
What it said to watch
H4 close above 1.3506 opens the path to the 1.3555 cap
Failure to hold 1.3410 confirms a lower-low and flips the near-term read
US CPI Aug 12 and UK GDP Aug 13 could materially shift this read