Gap-up breakout, now consolidating below session high.
Week opened with a gap-up rally that pushed cleanly through the 1.3415 200-DMA to peak at 1.34541, GBP firm as US-Iran de-escalation saps USD. Price is now coiling around 1.3446 just below the session high, RSI(14) hot near 72 but not extreme. ATR ~9 pips reflects a tight post-spike drift.
Support: 1.34415, 1.3419, 1.3415
Resistance: 1.34541, 1.3465
What it said to watch
M15 close above 1.34541 opens the 1.3465 range cap
Failure to hold 1.34415 exposes the 1.3415 200-DMA
UK CPI Wed is the next material catalyst for this read
23:46 UTC
Uptrend, momentum hot · RSI 71 · price 1.34464
Impulsive rally off the weekly open, now consolidating below session high.
The new week opened with a sharp rally from 1.3398 to a session high at 1.34542, RSI(14) running hot near 70 on US-Iran de-escalation hopes weighing on the USD. Price is now consolidating just under that high above a 1.3446 session base; the move clears the 1.3415 200-DMA pivot.
Support: 1.3446, 1.3426, 1.3415
Resistance: 1.34542, 1.3465
What it said to watch
Close above 1.34542 session high extends the rally toward the 1.3465 range cap
Failure to hold the 1.3446 session base opens 1.3426 swing low
UK CPI Wed 06:00 UTC is the key catalyst that could shift this read
23:31 UTC
Uptrend, consolidating near highs · RSI 66 · price 1.3448
Gap-up rally, higher highs into a tight range below session high.
New week opened with a gap higher, GBPUSD running from ~1.3398 to a session high at 1.3454 on US-Iran de-escalation hopes weighing on the USD. Price is now consolidating in a tight band just below that high, RSI(14) elevated near 66 but not extended.
Support: 1.3442, 1.3426, 1.3415
Resistance: 1.3454
What it said to watch
M15 close above 1.3454 extends the rally toward the 1.3465 cap
Failure to hold the 1.3442 swing low opens the rally mid at 1.3426
UK CPI Wed 06:00 UTC is the next major catalyst for this read
23:31 UTC
Uptrend, fresh breakout · RSI 70 · price 1.3448
Range break above 200-dma, consolidating below session high.
New session opened with a sharp rally from 1.3398, clearing the prior 1.3410-1.3420 consolidation and the 1.3415 200-DMA on a 29-pip impulse candle. Price stalled at the 1.34542 session high and is now hovering near 1.3448 with RSI(14) running hot around 70; 1.3465 range cap sits just above.
Support: 1.3426, 1.3415
Resistance: 1.34542, 1.3465
What it said to watch
Loss of 1.3426 breakout level would signal a failed break back into the prior range
1.3465 range cap is the area to watch for rejection or extension
UK CPI Wed 06:00 UTC is the key catalyst that could redefine this read
New week opened with a gap up and a sharp run through the 200-day SMA at 1.3415, extending to a session high of 1.3454 on US-Iran risk-on and sticky UK inflation expectations. RSI(14) near 79 marks the move as hot, with the former 1.3434 cap now flipped to support.
Support: 1.3434, 1.3415, 1.3404
Resistance: 1.3454, 1.3465
What it said to watch
Sustained hold above 1.3434 keeps the breakout intact; loss of it reopens the 200d sma at 1.3415
A push through 1.3454 exposes the 1.3465 cap
UK CPI Wed and FOMC Wed are the week's pivotal catalysts
23:16 UTC
Uptrend, fresh impulse off session open · RSI 79 · price 1.34517
Breakout above 200-dma, new session highs.
Cable gapped up on the new session and ran from 1.3404 to a session high at 1.3454, clearing the 200-day SMA at 1.3415 on risk-on US-Iran optimism. RSI(14) near 79 is hot but normal in a fresh impulse; momentum stalling into the 1.3465 UOB cap.
Support: 1.3434, 1.3415, 1.3404
Resistance: 1.3454, 1.3465
What it said to watch
Loss of 1.3415 would negate the 200-dma breakout
A close above 1.3465 opens the path to the next UOB cap
UK CPI Wed 06:00 UTC and FOMC are the week's key catalysts for this read
23:01 UTC
Sharp uptrend off weekly open · RSI 79 · price 1.34515
Breakout above 200-day SMA, extending.
New week opened with a thin-liquidity rally that cleared the 200-day SMA at 1.3415 and ran straight through the 1.3434 cap to 1.34515, RSI(14) stretched near 80. Move tracks the US-Iran risk-on tone and a soft USD; price is now pressing the 1.3465 UOB cap with the session high at 1.34541 just overhead.
Support: 1.3434, 1.3415
Resistance: 1.34541, 1.3465
What it said to watch
Hot RSI near 80 on thin Sunday-open volume leaves room for a pullback into 1.3434
Failure to hold 1.3415 would negate the breakout and put price back inside last week's range
UK CPI Wed Jun 17 06:00 UTC is the key catalyst that could reset this read
Cable gapped into the new week and ripped through the 200-day SMA at 1.3415 and the 1.3434 cap, printing a session high at 1.3454 on US-Iran risk-on. RSI(14) near 74 is hot but typical of a fresh impulse; price stalling just under the high on fading volume.
Support: 1.3434, 1.3415, 1.3398
Resistance: 1.3454, 1.3465
What it said to watch
M15 close back below 1.3434 would void the breakout and put 1.3415 back in play
UK CPI Wed 06:00 UTC and FOMC/Warsh later that day are the week's pivotal catalysts
22:46 UTC
Fresh uptrend, impulsive · RSI 75 · price 1.34492
Gap-up open, breakout above prior range.
New week opened with a gap and a sharp impulse higher, clearing the 1.3415 200-day SMA and tagging a session high at 1.34541 on US-Iran risk-on and sticky UK inflation expectations. RSI(14) is hot near 74 after the run; price is consolidating just under the high.
Support: 1.34415, 1.3434, 1.3415
Resistance: 1.34541
What it said to watch
Hold above 1.3415 keeps the breakout intact; a close back below reopens the prior range
UK CPI Wed and FOMC could materially reshape this read
22:46 UTC
Sharp rally off weekly open · RSI 74 · price 1.34492
Breakout above prior range.
New week opened with a gap higher and a sharp rally, clearing the 200-day SMA at 1.3415 and prior session highs near 1.3425, now testing the session high at 1.3454. RSI elevated near 74 as momentum runs hot off the open; risk-on tone from US-Iran de-escalation is supporting Cable.
Loss of 1.3415 retraces the breakout back into the prior range
UK CPI Wed and FOMC Wed are the dominant catalysts that can reset this read
22:31 UTC
Uptrend, fresh breakout on thin open · RSI 74 · price 1.34439
Weekly-open gap up, broke above prior range.
Sunday open gapped higher and ran through the 200-day SMA at 1.3415 to a session high of 1.34541 on US-Iran risk-on, RSI(14) hot near 73. Liquidity is very thin (sub-200 volume) so the move needs follow-through; price pulled back to 1.34439 after tagging the high.
Support: 1.3415, 1.3400, 1.33979
Resistance: 1.34541
What it said to watch
M15 close back below 1.3415 negates the breakout and puts price back in the prior range
Thin weekend-open liquidity exaggerates moves; first London bars set the real tone
UK CPI Wed 06:00 UTC is the week's key GBP catalyst
22:30 UTC
Sharp impulsive rally off weekly open · RSI 75 · price 1.34439
Gap-up breakout above prior range and 200-day SMA.
Thin Sunday open gapped higher and ripped through the prior 1.3425 range top and the 200-day SMA at 1.3415, printing a session high at 1.34541 before easing to 1.34439. Move rides broad risk-on / USD softness; RSI(14) elevated near 74 on low weekend liquidity.
Support: 1.3425, 1.3415, 1.3400
Resistance: 1.34541
What it said to watch
Sustained acceptance above the 200-day SMA at 1.3415 confirms the breakout; loss of 1.3425 gap base reopens the prior range
Thin Sunday-open liquidity can exaggerate this move and reverse on Monday flows
UK CPI Wed and FOMC/Warsh guidance the week's pivotal catalysts
22:16 UTC
Sharp rebound off weekend open · RSI 74 · price 1.34345
Gap-lower reopen, then impulsive rally clearing prior range top.
Weekly reopen gapped slightly lower to 1.3398 then ripped higher on thin liquidity, clearing the 200-day SMA at 1.3415 and tagging the 1.3434 UOB cap; current bar 1.34345. RSI(14) running hot near 74 into the session high, consistent with the US-Iran risk-on bid keeping Cable supported.
Support: 1.3415, 1.3400, 1.33979
Resistance: 1.34358, 1.3465
What it said to watch
Volume is thin on the weekly reopen — the rally is prone to reversal as liquidity returns
M15 close back below 1.3415 puts price under the 200-day SMA and risks a gap fill toward 1.3398
Sustained acceptance above 1.3434 opens the path toward the 1.3465 cap
22:16 UTC
Turning up, into resistance · RSI 72 · price 1.34345
Rally off session low through 200d sma.
Thin Sunday reopen gapped slightly lower then rallied sharply through the 200-day SMA at 1.3415, now testing the 1.3434 cap with RSI(14) running hot near 72 on light volume. Price sits at the session high; the move is reaction to US-Iran risk-on and sticky UK inflation expectations.
Support: 1.3415, 1.3400
Resistance: 1.34358, 1.3465
What it said to watch
Sustained M15 close above 1.3434 opens the path to 1.3465
Loss of 1.3415 negates the breakout read
UK CPI (Wed 06:00 UTC) and FOMC are the week's pivotal catalysts
New week opened with a small gap below Friday's close near 1.3404, but price quickly reclaimed the 1.3415 pivot and ran to a session high at 1.3422 on thin liquidity. RSI mid-60s, no extreme; structure constructive while holding above 1.3415, though the move is built on light volume.
Support: 1.3415, 1.3404, 1.3396
Resistance: 1.34217, 1.3425
What it said to watch
Loss of 1.3415 pivot reopens 1.3404 then 1.3396
Sustained move above 1.3422 needed to extend toward 1.3450
UK CPI Wed and FOMC could materially shift this read
22:01 UTC
Recovering, gap-up on weekly open · RSI 61 · price 1.34195
Reclaimed 200-day sma on thin Sunday open.
Weekly reopen gapped up and reclaimed the 200-day SMA at ~1.3415, last printing 1.34195 on very thin Sunday liquidity. The advance retraces Friday's drift back into the 1.3415 zone; prior high at 1.34257 caps just above. Volume is negligible — moves here are unreliable until Asia properly engages.
Support: 1.3415, 1.3400, 1.3389
Resistance: 1.34257, 1.3434
What it said to watch
Sustained M15 hold above 1.3415 keeps the reclaim intact; slip back below reopens 1.3400
Break above 1.34257 exposes the 1.3434 cap
UK CPI Wed and FOMC Wed are the week's structural catalysts
21:46 UTC
Ranging, pinned at 200-day SMA · RSI 52 · price 1.34114
Consolidation around 1.3415.
Thin new-week open gapped lower then recovered to pin at the 200-day SMA ~1.3415, the magnet of Friday's 1.3383–1.3426 range. RSI(14) neutral near 52 with price coiling at the SMA on light liquidity ahead of next week's catalysts.
Support: 1.3402, 1.3383
Resistance: 1.3415, 1.34257, 1.3434
What it said to watch
Sustained close above 1.3415 200-day SMA opens 1.3426 swing high then the 1.3434 uob cap
Loss of 1.3402 session low exposes the 1.3383 swing low
UK CPI Wed 06:00 UTC and the FOMC could materially shift this range read
21:45 UTC
Range-bound, capped at 200-day SMA · RSI 53 · price 1.34114
Consolidation around 1.3415, thin weekend open.
Cable is pinned at the 200-day SMA ~1.3415, chopping in a 1.3383–1.3426 range with the latest bars on thin weekend liquidity. Repeated rejections near 1.3426 and demand at 1.3383/1.3390 keep the range intact; no clean intraday trend in play.
Support: 1.3404, 1.3390, 1.3383
Resistance: 1.3415, 1.3426, 1.3434
What it said to watch
Sustained M15 close above 1.3426 opens 1.3434
Loss of 1.3383 confirms a lower-low and ends the range read
UK CPI Wed 06:00 UTC is the key driver into next week
21:30 UTC
Ranging, momentum flat · RSI 44 · price 1.34045
Consolidation under 200-d SMA, weekend gap.
Cable spent the prior session chopping between 1.3383 and 1.3425, capped repeatedly at the 200-day SMA near 1.3415. The new week opened with a thin weekend gap lower and a quick recovery to 1.3404 on minimal volume; no structural setup until liquidity returns.
Support: 1.3390, 1.3383
Resistance: 1.3415, 1.3425
What it said to watch
M15 close above 1.3415 (200-d sma) opens the path to 1.3425
Loss of 1.3390 swing low confirms a lower-low
UK CPI Wed could materially shift this read
21:30 UTC
Range, capped at 200-day SMA · RSI 48 · price 1.34045
Two-day range, fresh week open after small gap.
Fresh week open at 1.3404 after a minor gap that has already filled; thin Sunday volume. Prior session ranged 1.3383–1.3425 with the 200-day SMA at 1.3415 repeatedly capping advances, leaving price mid-range with no setup in play.
Support: 1.3390, 1.3383, 1.3340
Resistance: 1.3415, 1.3425, 1.3434
What it said to watch
M15 close above 1.3415 (200-day SMA) opens the path to 1.3434
Failure to hold 1.3383 risks the 1.3340 range floor
UK CPI Wed 06:00 UTC and FOMC Wed 18:00 UTC could materially shift this read
21:16 UTC
Range, drifting lower into the close · RSI 49 · price 1.34045
Rangebound under 200-day SMA, capped at 1.3415.
Cable spent Friday's session boxed between 1.3383 and 1.3426 with the 200-day SMA at 1.3415 repeatedly capping advances; price drifted to 1.3404 into the close. The fresh week opened with a small gap that has been filled back to 1.3404, RSI(14) flat near 49 — no setup in play.
Support: 1.3390, 1.33832
Resistance: 1.3415, 1.3426
What it said to watch
M15 close above 1.3415 (200-day SMA) opens 1.3434/1.3465
Failure to hold 1.3390 exposes the 1.3383 session low
UK CPI Wed and FOMC/Warsh guidance Wed are the week's pivotal catalysts
21:15 UTC
Range, no clear direction · RSI 52 · price 1.34045
Ranging below 200-day SMA after weekend gap.
GBPUSD reopened near 1.3405 on thin liquidity after Friday's range between 1.3383 and 1.3425. Price sits just below the 200-day SMA at 1.3415, RSI(14) neutral; no setup in play at the open.
Support: 1.3395, 1.3383
Resistance: 1.3415, 1.3425
What it said to watch
A close above 1.3415 (200-dma) opens the path to 1.3434
Failure to hold 1.3395 confirms a lower-low toward 1.3383
UK CPI Wed 06:00 UTC could materially shift this read
Cable rejected the 200-day SMA at 1.3415 and has drifted back toward the 1.3400 round number through the quiet Asia session, RSI(14) cooling near 43. Price holds inside the 1.3383-1.3426 range carved during London-NY hours with no clean break either way.
Support: 1.3400, 1.3383
Resistance: 1.3415, 1.34257
What it said to watch
M15 close above 1.3415 (200-day sma) reopens 1.3434/1.34257
Loss of 1.3400 exposes the 1.3383 session low
UK CPI Wed 06:00 UTC is the key catalyst to break this range
21:00 UTC
Rangebound, drifting lower into close · RSI 43 · price 1.34038
Ranging below 200-day sma, mid-range.
Cable is pinned around the 200-day SMA at 1.3415, capped there twice and now drifting back to 1.3404 on thin late-session volume. Price sits near the 50% retrace of the 1.3383-1.3425 intraday swing; no setup in play, ranging 1.3383-1.3425.
Support: 1.3395, 1.3383
Resistance: 1.3415, 1.3425
What it said to watch
M15 close above 1.3415 reopens 1.3425/1.3434
Failure to hold 1.3390 confirms a lower-low toward 1.3383
UK CPI Wed and FOMC could materially shift this range read