Higher lows since mid-window trough, rejection at range top.
GBPUSD has clawed back from the mid-window trough near 1.3140 into a steady higher-low sequence, with the recent spike to 1.3443 promptly rejected back below the 200-day SMA cap at 1.3400 — the soft US CPI miss underpinned this leg of dollar softness. Price now sits mid-structure at 1.3387, holding above EMA20 and EMA50 but pinned by repeated supply into 1.3400. ATR(14) near 84 pips reflects an active but not expanding regime.
Support: 1.3366, 1.3320, 1.3140
Resistance: 1.3400, 1.3443
What it said to watch
H4 close above 1.3443 clears the range top and negates the 1.3400 cap
Failure to hold 1.3366 opens the path back toward the 1.3320 range floor
UK GDP Thu 06:00 GMT could materially shift this read
Higher lows since mid-month low, capped near 200-day SMA.
Higher-low structure intact since the 1.3141 low in mid-month, with the recovery stalling into the 200-day SMA cap near 1.3400 — the 1.34515 swing high marks repeated supply. Price is now pinned in a 1.3360–1.3445 range, sitting on EMA20 with EMA50 below, and ATR compression points to a coiled market ahead of UK GDP. Soft US CPI has pressured the dollar, but Gulf-driven haven flow keeps the 1.3400 rejection in play.
Support: 1.3360, 1.3320, 1.3141
Resistance: 1.3400, 1.3445, 1.3452
What it said to watch
H4 close above 1.3400 (200d sma) opens the 1.3445 range top
Failure to hold 1.3360 exposes the 1.3320 range floor
Higher lows since early-month low, capped near 1.3400.
Recovery from the early-month low at 1.3141 has printed higher lows, but the advance has stalled into the 200-day SMA near 1.3400, with the latest push to 1.3445 rejected and price closing back mid-range. The pair remains boxed 1.3320-1.3445; soft US CPI has been offset by oil-driven USD haven demand, keeping cable capped at the 200-day SMA. ATR holding a moderate regime with no clean directional break yet.
Support: 1.3360, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
H4 close above 1.3400 200-day sma, then 1.3445 range top, opens upside
Failure to hold 1.3320 range floor confirms a lower-low
BoE Bailey speech 20:00 UTC could shift this read
17:02 UTC
Recovery, momentum stalling at 200-day SMA · RSI 56 · price 1.3381
Range-bound, higher lows into resistance.
Cable has recovered off the mid-June swing low near 1.3140, printing higher lows back into the 1.3320–1.3445 range, but the advance has stalled at the 200-day SMA cap around 1.3400 — the last bar poked to 1.3443 and closed back at 1.3381, a rejection at the level. ATR is moderate and the pair sits mid-range, consistent with the two-way GBP/USD read as soft US CPI and hawkish-BoE bets offset a firm oil-driven haven USD.
Support: 1.3360, 1.3320, 1.3140
Resistance: 1.3400, 1.3445
What it said to watch
H4 close above 1.3400 opens the path toward 1.3445 range top
Failure to hold 1.3320 breaks the higher-low structure
BoE Gov Bailey speech 20:00 UTC could materially shift this read
Sterling recovered from the mid-window base near 1.3142 to a near four-week high at 1.3452, then rolled into a tight consolidation below the 1.3400 200-day EMA cap. Higher-low structure remains intact and price sits just under a compressed EMA20, with ATR(14) tightening into US CPI. The digest frames the pair as range-bound 1.3320-1.3445 with the Dollar leg as the swing factor.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.3445, 1.3452
What it said to watch
H4 close above the 1.3400 200-day ema opens the 1.3445 range top then 1.3452 swing high
Failure to hold the 1.3320 range floor breaks the higher-low structure
US June CPI (12:30 GMT) is the dominant near-term driver; Bailey speech 20:00 GMT could shift the read
GBPUSD recovered off the 1.3140 lows but the rally stalled below the 1.3400 200d ema cap, leaving price range-bound between the 1.3320 floor and the 1.3445 top. The pullback from the 1.3451 swing high is holding a shallow retracement above 1.3360 support. US CPI has just crossed as the immediate USD driver, with BoE's Bailey speech at 20:00 GMT still ahead.
Support: 1.3360, 1.3320, 1.3140
Resistance: 1.3400, 1.3445
What it said to watch
H4 close above the 1.3400 200d ema opens the 1.3445 range top
Loss of 1.3360 support exposes the 1.3320 range floor
Bailey speech 20:00 GMT could materially shift this read
Higher lows off mid-June base, capped under 200d ema.
Cable rallied off the mid-June base at 1.3142 to a near four-week high around 1.3452, clearing the 200-day EMA at 1.3400 before reversing on haven USD demand tied to the Hormuz oil shock. Price now consolidates in a 1.3350–1.3400 band, back below the 200d ema, with the recent pullback holding above the rising higher-low line. ATR is steady near 41 pips heading into today's US CPI print.
Support: 1.3350, 1.3320, 1.3142
Resistance: 1.3400, 1.3445, 1.3452
What it said to watch
US CPI 12:30 GMT then Bailey 20:00 GMT could materially shift this read
H4 close above 1.3400 (200d ema) opens the path to the 1.3445 recent high
Failure to hold 1.3350 range low exposes 1.3320 uob support
Range-bound after impulse; capped at 1.3400, holding 1.3360.
Cable ran from the mid-June low near 1.3140 to a swing high at 1.3451, then rolled back into a 1.3360–1.3400 box after repeated rejections at the 200-day EMA around 1.3400. Price now sits just below both the EMA20 and EMA50 with RSI mid-40s, and ATR(14) near 26 pips reflects the compression through the consolidation. US June CPI at 12:30 GMT is the immediate pivot for whether the range holds or breaks.
Support: 1.3360, 1.3320, 1.3140
Resistance: 1.3400, 1.3451
What it said to watch
H4 close above 1.3400 reclaims the 200-day EMA and opens 1.3445/1.3451
Failure to hold 1.3360 exposes the 1.3320 support
US CPI at 12:30 GMT and Bailey at 20:00 GMT could materially shift this read
05:02 UTC
Uptrend, momentum fading · RSI 44 · price 1.3361
Pullback from 4-week high into sub-1.3400 range.
Higher-low structure off the mid-June 1.3140 base remains intact, but price has rolled over from the 1.3445 four-week high and is now trading sub-1.3400 after rejection at the highs. Oil-driven USD demand is capping cable while price consolidates near the EMA50, with EMA20 crossing back overhead. ATR sits mid-range — neither compressed nor expanding.
Support: 1.3320, 1.3300
Resistance: 1.3400, 1.3445
What it said to watch
H4 close back above 1.3400 reopens the 1.3445 four-week high
Loss of the 1.3320 range floor confirms a lower low
BoE Gov Bailey 20:00 UTC could materially shift this read
05:02 UTC
Uptrend, pulling back · RSI 44 · price 1.3361
Higher-low sequence, near-term retrace.
Cable recovered off the 1.3141 swing low through late June/early July, building a higher-low sequence up to a four-week high near 1.3451 before rolling back to 1.3360. The current pullback has dipped below EMA20 but holds above EMA50, with price now testing the 1.3360 support UOB flagged as oil-driven USD demand caps the advance. Structure stays constructive while higher lows hold.
Support: 1.3360, 1.3320, 1.3141
Resistance: 1.3400, 1.3451
What it said to watch
H4 close below 1.3320 breaks the higher-low structure and opens the range floor
Reclaim of 1.3400 puts the 1.3451 resistance band back in play
BoE Gov Bailey speech 20:00 UTC — HIGH impact, could reshape this read
01:02 UTC
Uptrend, momentum fading · RSI 44 · price 1.33503
Higher lows intact, pulling back from range top.
Cable built a clean higher-low sequence off the early-July 1.3140 low and cleared the 200-day EMA before stalling at the 1.3445/1.3451 range top. Price has since rolled back below both EMA20 and EMA50 toward the 1.3360 range support, with the last two H4 bars printing lower closes. ATR is moderate — no compression, but the rally has lost impulse into the 1.3320-1.3445 band.
Support: 1.3360, 1.3320
Resistance: 1.3445, 1.3480
What it said to watch
H4 close below 1.3320 breaks the higher-low structure
Reclaim of 1.3445 reopens the 1.3480 path
BoE Bailey speech 20:00 UTC is the key near-term catalyst
01:02 UTC
Range-bound, pulling back from range top · RSI 43 · price 1.33503
Two-week range after recovery off 1.3140.
Cable recovered from the 1.3140 swing low into a defined 1.3320-1.3445 range that has held for two weeks. Price faded from the 1.3452 swing high and is now working back toward the range mid, trading below both EMAs as the pullback matures. Bailey's speech is the near-term catalyst that could resolve the range.
Support: 1.3360, 1.3320, 1.3140
Resistance: 1.3445, 1.3452, 1.3480
What it said to watch
H4 close above 1.3445 invalidates the range read and opens 1.3480
Failure to hold 1.3320 confirms a lower-low out of the range
BoE Gov Bailey Tue 20:00 UTC could materially shift this read