Cable recovered off the June low near 1.3168 with a clean higher-low sequence, but the rally stalled below 1.3445 and price has since faded into a 1.3320-1.3445 range. The pullback from the 1.3451 recent high leaves price back under EMA20 and struggling to reclaim the 1.3360 pivot. Two-way tone as safe-haven USD firms against the BoE hike repricing.
Support: 1.3320, 1.3168
Resistance: 1.3360, 1.3445, 1.3480
What it said to watch
H4 close above 1.3445 range high opens the path toward 1.3480 prior high
Failure to hold the 1.3320 range floor confirms a lower-low
BoE Gov Bailey speech is the key near-term catalyst and could shift this read
Cable built a steady higher-low sequence off the 1.3140 base through the window, but the rally stalled under 1.3445-1.3450 and has since faded back to 1.3353. EMA20 has flattened and price slipped below it while holding above EMA50, and RSI near 47 confirms momentum has drained out of the advance — consistent with the digest's read of a stalled cable and firmer safe-haven USD. The 1.3350 swing low is the immediate pivot for the pullback.
Support: 1.3350, 1.3320, 1.3213
Resistance: 1.34515, 1.3397, 1.3443
What it said to watch
H4 close below 1.3320 breaks the higher-low structure and opens 1.3213
Reclaim of 1.3445 reopens the path to 1.3480
BoE Bailey (Tue 20:00 UTC) is the key near-term catalyst for this read
Higher-low structure intact since the early-month low near 1.3141, but the advance stalled below the 1.3445 swing high and has faded into a range as safe-haven USD firmed. Cable now sits mid-range, holding above the 1.3360 prior swing with the 1.3320 range floor below. ATR is steady rather than expanding, consistent with the sideways read after the rally lost steam.
Support: 1.3360, 1.3320
Resistance: 1.3445, 1.3480
What it said to watch
H4 close above 1.3445 swing high reopens the path toward 1.3480
Failure to hold 1.3360 exposes the 1.3320 range floor
BoE Gov Bailey (Tue 20:00 UTC) could materially shift this read
Cable has climbed off the 1.3140 cycle low in a clean higher-low sequence, tagging a near-four-week high at the 1.3445 range high before the rally stalled. Price has since faded to 1.3380 as safe-haven USD firmed, holding a shallow pullback that keeps the broader 1.3320-1.3445 band intact. Rejection at 1.3445 and a slip back under EMA20 mark a pause in momentum rather than a structural break.
Support: 1.3360, 1.3320, 1.3140
Resistance: 1.3445, 1.3480
What it said to watch
H4 close above 1.3445 range high opens the path to 1.3480
Failure to hold 1.3320 range floor confirms a lower-low
BoE Bailey (Tue 20:00 UTC) and UK GDP (Thu 06:00 UTC) could materially shift this read
Higher highs/lows since June low, pulling back from 1.3450.
Cable has carved higher highs and higher lows off the June low near 1.3140, but the advance stalled at 1.3450 where price was rejected and has since eased to hover around the EMA20. The pullback holds well above the rising EMA50 and the 1.3360 swing-low support, keeping the broader uptrend structure intact. ATR(14) near 26 pips shows a steady, non-expanding regime as the market consolidates the run-up.
Support: 1.3360, 1.3300
Resistance: 1.3450, 1.3480
What it said to watch
BoE Bailey speech Tue 20:00 UTC could materially shift this read
H4 close above 1.3450 opens the path to 1.3480
Failure to hold 1.3360 breaks the higher-low structure toward 1.3300
Cable recovered from the early-June low near 1.3140 in a clean higher-low sequence, tagging 1.3450 before stalling — the recovery has run into supply at the week high. Price is now consolidating in a 1.3360-1.3450 band around the EMA20 (~1.3400), with EMA50 still below, and ATR(14) has compressed toward 28 pips as the range tightens. The move up fits the eased UK political risk and BoE hike bets flagged in the digest, but a firm USD is capping the upside.
Support: 1.3376, 1.3360, 1.3300
Resistance: 1.3450, 1.3480
What it said to watch
H4 close above 1.3450 week high opens the path to 1.3480
Failure to hold the 1.3360 range floor exposes 1.3300
BoE Bailey speech and US CPI both Tue could materially shift this read
Cable has trended higher since the mid-month low near 1.3140, clearing prior swing pivots and printing three-week highs at 1.3452 before stalling under the 1.3445/1.3450 cap flagged in the macro read. Price is now consolidating back toward the 1.3369 swing low with ATR in a moderate regime — a controlled pullback rather than a reversal so far. EMA50 still supports below, though the pullback has pressed price back under EMA20.
Support: 1.33689, 1.3322
Resistance: 1.3445, 1.34515
What it said to watch
H4 close above 1.3452 opens the 1.3475/1.3480 band
Failure to hold 1.3369 exposes the 1.3322 prior low
US CPI Tue 12:30 UTC and BoE Bailey 20:00 UTC could materially shift this read
Higher lows since mid-June, stalling below 1.3445.
Cable has recovered steadily off the mid-June 1.3141 low, printing higher lows and reclaiming the mid-1.33s, before stalling into the 1.3445 resistance band where price was rejected. The pullback has stalled just under 1.3400 and price is now hovering at EMA20, still above EMA50, keeping the recovery structure intact. ATR sits in a moderate regime with no compression, and the digest flags this as a pullback that is stalling rather than reversing.
Support: 1.3360, 1.3315
Resistance: 1.3445, 1.3400
What it said to watch
H4 close above 1.3445 opens the path to 1.3475/1.3480
Failure to hold 1.3360 near-term support threatens the higher-low structure
US CPI Tue 12:30 UTC and BoE Bailey Tue 20:00 UTC could materially shift this read
Higher highs/higher lows, pulling back from 1.3451.
Higher-high, higher-low structure intact since the mid-June low near 1.3140; the rally stalled at the 1.3451 swing high after cable cleared the 200-day EMA around the 1.3400 round number. Price is now retracing with ATR compressing, GBP firm on year-end BoE hike pricing while USD sits near three-week lows into Tuesday's US CPI.
Support: 1.3360, 1.3322, 1.3300
Resistance: 1.3400, 1.3445, 1.3451
What it said to watch
H4 close above the 1.3445 res band exposes 1.3475/1.3480
Failure to hold the 1.3360 swing low, then 1.3322 prior low and 1.3300 psych, threatens the higher-low structure
US CPI Tue and BoE Bailey Sat could materially shift this read
Higher highs and higher lows, pulling back from range top.
Uptrend intact off the late-June 1.3140 low — higher highs and higher lows, with price clearing the 200-day EMA near 1.3400. The rally stalled at the 1.3445 resistance band and the 1.34515 swing high before pulling back to 1.3376, dipping under a flattening EMA20 as momentum cools. Move comes ahead of US CPI and BoE's Bailey, the two catalysts framing this week's GBP repricing.
Support: 1.3360, 1.3300
Resistance: 1.3445, 1.34515
What it said to watch
H4 close above 1.3445 opens the 1.3480 area
Failure to hold 1.3360 higher-low support breaks the sequence, exposing 1.3300 psych
US CPI Tue and BoE Bailey Sat could materially shift this read
Higher lows since mid-month low, capped near 1.3445.
Cable has ground higher off the 1.3140 low into a 1.3445/1.3451 ceiling that has repeatedly capped price, with the hawkish BoE repricing underpinning the recovery. The last three H4 bars close lower and price has slipped back below EMA20, easing the momentum while holding above the rising sequence of higher lows. Tuesday's US CPI and BoE Bailey are the near-term structural tests.
Support: 1.3360, 1.3322
Resistance: 1.3390, 1.3445, 1.3451
What it said to watch
H4 close above 1.3445 range cap opens the path toward the 1.3451 swing high
Failure to hold 1.3360 support would break the higher-low sequence
US CPI Tue 12:30 UTC and BoE Bailey Tue 20:00 UTC could materially shift this read
Higher lows since mid-window low, stalling below ceiling.
Higher-low structure intact since the 1.3140 low, with cable grinding up to retest the 200-day EMA ceiling near 1.3445, where price has been repeatedly capped and rejected. The latest bars have eased back to 1.3386, slipping under EMA20 while holding above EMA50, so the recovery is losing pace without breaking structure. Hawkish BoE repricing keeps GBP underpinned, but the 1.3445 band gates upside.
Support: 1.3390, 1.3360, 1.3322
Resistance: 1.3445
What it said to watch
H4 close above 1.3445 opens the path toward 1.3475
Failure to hold 1.3360 breaks the higher-low sequence
US CPI Tue 12:30 UTC and BoE Bailey Tue 20:00 UTC could reshape this read