Weekly 1.3202–1.3275 range broken lower; higher lows forming off 1.3137.
Cable rotated in a 1.3202–1.3275 band from Monday into Wednesday, printing the week high at 1.3275 in Wednesday's Asia session. The hot US CPI print then drove the CPI leg 138 pips lower to the 1.3137 week low in the first hours of NY. The late-NY rebound has retraced just over 38.2% of that leg along a recovery line of higher lows, but price sits below EMA(20) near 1.3205, a zone that lines up with the broken Monday low and the 50% retracement, with RSI(14) back to ~41 from sub-20.
Support: 1.3182, 1.3170, 1.3137
Resistance: 1.3205, 1.3225, 1.3275
What it said to watch
An H1 close back above 1.3205 (ema20, 50% fib, Monday low) reopens the 1.3225 weekly open and 61.8% retracement
Loss of the 1.3182 late low and the recovery line puts the 1.3170 range floor and the 1.3137 week low back in focus
BoE Pill at 03:40 UTC and UK GDP at 06:00 UTC could materially shift this read
US PPI and Retail Sales at 12:30 UTC Thursday; a hot set would put the week low back in play, while a soft set extends the bounce toward the old range
Pre-CPI rally to 1.3275 reversed; price retracing beneath the broken 1.3200 area.
Cable climbed from Sunday's 1.3225 week open to a 1.3275 week high early Wednesday. The hotter-than-expected US core CPI print then knocked about 130 pips off during NY hours, slicing through Monday's 1.3202 low to a 1.3137 week low. The NY-afternoon rebound has retraced 38.2% of that drop to just under the 1.3200 round number, with price still below EMA(20) near 1.3207 and RSI(14) recovering to around 41 from sub-30 levels.
Support: 1.3182, 1.3170, 1.3137
Resistance: 1.3200, 1.3207, 1.3225
What it said to watch
H1 close above 1.3207 (ema20 / 50% fib) puts price back inside the prior week range
Failure to hold the 1.3182 pullback low exposes the 1.3170 range floor, and a break there reopens the 1.3137 week low
BoE Pill at 03:40 UTC and UK GDP at 06:00 UTC Thursday (f/c -0.1%) could materially shift this read
US PPI, retail sales and claims at 12:30 UTC Thursday are the next USD catalyst after CPI
CPI impulse broke the 1.3202 range base; rebound now testing it from below.
Cable rotated in a 1.3202–1.3275 band from Monday through Wednesday, with the week high at 1.3275 printed in Asia trade today. The hot US CPI print then drove a ~138-pip NY-session drop through the range base to the 1.3137 cpi low as Fed hike odds were repriced. The rebound since has retraced to the 38.2% fib near 1.3190. Price sits below EMA(20) near 1.3211, RSI(14) has recovered into the low 40s from sub-30, and the broken range base at 1.3202 and weekly open at 1.3225 (near the 61.8%) now sit overhead.
Support: 1.3190, 1.3137
Resistance: 1.3202, 1.3225, 1.3275
What it said to watch
H1 acceptance back above the 1.3202 range base and EMA(20) undercuts the range break read; a close above the weekly open at 1.3225 neutralises the CPI leg
Rejection at 1.3202 from below confirms the old range base as resistance; losing the 38.2% fib at 1.3190 reopens the 1.3137 cpi low
BoE Pill (03:40 UTC) and UK GDP/IP (06:00 UTC) on Thursday could materially shift this read
US PPI, retail sales and jobless claims at 12:30 UTC Thursday could extend or unwind the Fed hike repricing; a reclaim of the 1.3275 week high would need a full reversal of the CPI move
Broke 1.3200–1.3275 week range lower, bouncing off 1.3137.
Cable rotated between the Monday low at 1.3202 and 1.3260 for most of the week, and Wednesday's Asia session push to a week high at 1.3275 failed to hold, a false break above Monday's high. The hotter US core CPI print then drove a 138-pip slide through the Monday low and the 1.3170 range floor to a 1.3137 week low into NY hours, with RSI(14) washing out deep below 30 before recovering to around 34. The late-NY bounce has carried price back toward the 38.2% fib of the CPI drop near 1.3190. EMA(20) near 1.3212 sits just above, and together with the Monday low and the weekly open at 1.3225 it frames the overhead band.
Support: 1.3170, 1.3137
Resistance: 1.3190, 1.3202, 1.3225
What it said to watch
Rejection at the 38.2% fib near 1.3190 keeps the post-CPI lower-high structure intact
H1 close back above the Monday low at 1.3202 and EMA(20) would recast the range break as a false break, with the weekly open at 1.3225 next
Failure to hold the 1.3170 range floor reopens the 1.3137 week low
BoE Pill at 03:40 UTC and UK GDP at 06:00 UTC Thursday could materially shift this read
US Retail Sales and PPI at 12:30 UTC Thursday remain the main driver of the USD leg
Multi-week range floor broken, fresh week low below Mon–Tue lows.
Cable opened the week at 1.3225 and recovered from Monday's NY dip to a 1.3275 week high in Wednesday's Asia session. The hot US CPI print then drove a roughly 140-pip NY-session slide to a 1.3137 week low. That move broke the 1.3202 prior lows set Monday and Tuesday and the 1.3170 range floor. Price now sits below EMA(20) near 1.3215 and EMA(50), with RSI(14) oversold around 26, and the late-NY bounce has stalled right at the range floor as a retest from below.
Support: 1.31367, 1.3100
Resistance: 1.3170, 1.3202, 1.32253
What it said to watch
H1 close back above the 1.3202 prior lows (50% of the CPI drop) invalidates the range-break read; the 61.8% retrace sits at the 1.3225 week open
Rejection at the 1.3170 range floor keeps the break intact; failure to hold the 1.3137 week low exposes the 1.3100 round number
BoE Pill (03:40 UTC) and UK GDP/IP (06:00 UTC) Thursday could materially shift this read
US PPI, retail sales and jobless claims at 12:30 GMT Thursday test follow-through on the CPI-driven USD bid
Range floor broken; fresh week low below Monday's 1.3202 trough.
Cable opened the week near 1.3225 and held the 1.3200–1.3275 band through Monday's NY dip to the 1.3202 monday low. A Tuesday-to-Asia rally carried it to the 1.3275 week high on dovish Williams remarks and the Healey funding report. The hot US core CPI at the NY open then reversed all of it, driving roughly 138 pips through the range floor to a 1.3137 cpi low. Price now sits about 65 pips under EMA(20) with RSI(14) near 25, and the only bounce so far stalled at 1.3185, the cpi bounce high, just under the 38.2% retrace of the cpi selloff.
Support: 1.31367, 1.3100
Resistance: 1.31851, 1.32015, 1.3275
What it said to watch
H1 close back above the 1.3202 monday low would undercut the range-break read and put the old band back in play
Failure to hold the 1.3137 cpi low extends the lower-low sequence toward the 1.3100 round number
Cpi bounce high at 1.3185 (near the 38.2% fib) is the first area to watch for rejection or break
Fed Beige Book at 18:00 GMT today, and BoE Pill (03:40 UTC) plus UK GDP (06:00 UTC) on Thursday, could materially shift this read
US Retail Sales and PPI at 12:30 GMT Thursday decide whether the CPI-driven USD repricing extends
Recovery toward the 1.3275 week high would need the post-CPI move to fully unwind
Range floor broken, impulsive lower-low below week open.
Cable built higher lows from the 1.3202 Monday low to a week high at 1.3275 in Asia today, then the hotter-than-expected US core CPI print set off a roughly 140-pip slide through the NY session. The drop broke the higher-lows line, the 1.3225 weekly open and the 1.3170 range floor, printing a week low at 1.3137. Price sits well below EMA(20) and EMA(50), and RSI(14) near 18 is deep in oversold territory with ATR(14) expanded to about 15 pips.
Support: 1.3137, 1.3100
Resistance: 1.3170, 1.3202, 1.3225
What it said to watch
H1 closes back above the 1.3170 range floor, which aligns with the 38.2% retrace of the CPI drop fib, would recast the move as a false break
Failure to hold the 1.3137 week low extends the lower-low sequence toward the 1.3100 round number
Monday low at 1.3202 and the 1.3225 weekly open sit near the 50–61.8% retrace and mark the old range; reclaiming them would neutralise the break
BoE Pill (Thu 03:40 UTC), UK GDP (06:00 UTC) and US retail sales/PPI (12:30 UTC) could materially shift this read
Cable rotated between the 1.3202 Monday low and a 1.3275 week high set in Wednesday's Asia session, with a rising uptrend line holding the Tuesday–Wednesday lows. The hot US CPI at 12:30 UTC broke that uptrend and triggered a ~118-pip NY-session drop through the base and the 1.3170 range floor. The post-CPI bounce stalled at the 1.3185 bounce high and price is printing a fresh session low near 1.3157, with RSI(14) near 22 and price well below EMA(20) and EMA(50).
Support: 1.31569, 1.3150
Resistance: 1.3170, 1.31851, 1.32015
What it said to watch
An H1 close back above the 1.3170 range floor would put the break at risk of a false break, with the 1.3185 bounce high next overhead
Failure to hold the 1.3157 session low exposes the 1.3150 round number
The 1.3202 Monday low aligns with the 38.2% of the CPI drop fib; reclaiming it would repair the broken structure
Beige Book at 18:00 UTC, then BoE Pill at 03:40 UTC and UK GDP at 06:00 UTC Thursday could materially shift this read
US Retail Sales and PPI Thursday 12:30 UTC are the next USD catalysts
1.3202–1.3275 weekly range broken to the downside; fresh low at 1.3165.
Cable rotated inside a 1.3202–1.3275 range from Monday to Wednesday, printing the week high at 1.3275 in Wednesday's late Asia session. The hot US core CPI (0.3% vs 0.2%) then knocked it ~110 pips in two bars around the NY open, with the 13:00 UTC bar closing on its low. That move broke the range floor and the rising trendline off Monday's low, set a CPI low at 1.3165 and pushed RSI(14) oversold near 22, with price about 70 pips below EMA(20) at 1.3240. The 38.2% fib of the week-high-to-CPI-low leg sits at 1.3207, close to the old range floor.
Support: 1.31646, 1.3150
Resistance: 1.32015, 1.3240, 1.3275
What it said to watch
H1 close back above the 1.3202 range floor would turn the break into a false break
Acceptance below the 1.3165 CPI low leaves the 1.3150 round number as the next reference
A rebound stalling below EMA(20) near 1.3240 would keep the post-CPI lower-high structure intact
Beige Book (18:00 GMT) could extend or unwind the Fed hike repricing
UK GDP (Thu 06:00 UTC), then US PPI and retail sales (Thu 12:30 UTC), could materially shift this read
Rising line and week low broken; fresh lower low at 1.3199.
Cable held a rising line of higher lows from Monday's NY low at 1.3202 to a 1.3275 week high in Wednesday's Asian session. The hot US core CPI print at 12:30 GMT then erased the week's gains in a single 69-pip bar, taking price back below the weekly open and both EMAs. Price is now through the week low, with RSI(14) near 27 in oversold territory and the 1.3170 range floor the next reference below.
Support: 1.3170
Resistance: 1.3202, 1.3225, 1.3275
What it said to watch
H1 close back above the 1.3202 week low would mark the CPI move as a false break
Failure to hold below 1.3202 leaves the 1.3170 range floor exposed
A rebound that stalls near 1.3225 weekly open and the 38.2% CPI drop fib keeps the lower-low structure intact
Fed's Bowman (14:55 GMT) and Beige Book (18:00 GMT) could extend or fade the CPI repricing
UK GDP Thu 06:00 UTC and US PPI/retail sales Thu 12:30 GMT could materially shift this read
13:01 UTC
Uptrend since Monday's low, inside 1.32–1.33 range · RSI 60 · price 1.32676
Higher lows since Tuesday; shallow pullback from week high.
GBPUSD has reversed Monday's NY-session slide to the 1.3202 week low, building a higher-low trendline through Tuesday's London and NY sessions on a softer USD after Williams' dovish remarks. It extended to a 1.3275 week high in Wednesday's Asian session on reports the UK budget will be funded without extra borrowing. London faded the move only to 1.3256, Wednesday's low, holding above the 38.2% fib of the Monday low–week high leg at 1.3247, while price stays above EMA(20) with RSI(14) near 60. The hot US core CPI print has yet to show up in a closed bar, and the 1.3275 week high and 1.3300 range top still cap the three-week range.
Support: 1.3256, 1.3247, 1.3202
Resistance: 1.3275, 1.3300
What it said to watch
H1 close below 1.3256 wed low breaks the higher-low trendline and exposes the 38.2% fib at 1.3247
Hot US core CPI (0.3% vs 0.2% f/c), Bowman at 14:55 GMT and the Beige Book at 18:00 GMT could materially shift this read
Close above 1.3275 week high opens the path to the 1.3300 range top
UK GDP Thu 06:00 UTC (f/c -0.1%); a clearly deeper contraction could pressure the week low at 1.3202
Higher highs and higher lows since Monday's low, still beneath the 1.3280 range top.
Cable has printed higher lows and higher highs since Monday's NY-session dip to the 1.3202 week low, when the dollar was at its strongest since April 2025. Tuesday's London-NY leg and today's Asia push carried it to a 1.3275 week high as softer yields and Williams' dovish remarks weighed on USD. London's pullback stalled at the 1.3256 london low, which lines up with EMA(20) and Tuesday's high, while RSI(14) eased from the low 70s to 59 just under the 1.3280 range top.
Support: 1.3256, 1.3238, 1.3202
Resistance: 1.3275, 1.3300
What it said to watch
US CPI at 12:30 GMT could materially shift this read. Core MoM against the 0.2% forecast is the swing factor.
An H1 close above the 1.3275 week high clears the 1.3280 range top and opens the 1.3300 round number.
Failure to hold the 1.3256 london low and the higher lows trendline exposes the 50% fib of the Mon-Wed leg at 1.3238, which is also Tuesday's NY low.
A move back through 1.3202 week low would erase the week's recovery from Monday's low.
Bowman at 14:55 GMT adds a second USD catalyst after CPI.
Higher lows since Monday's NY low, inside 1.3200–1.3300 range.
Cable has printed higher lows since Monday's NY-session low at 1.3202 as the early-week USD spike faded. The climb ran through Tuesday's London and NY sessions and into Wednesday's Asia session, reaching a week high of 1.3275 as the dollar corrected on Williams' dovish remarks. The London-open pullback held at 1.3256, a pullback low that retraced less than the 38.2% fib of the week's impulse, and price now sits just above EMA(20) with RSI(14) easing from the mid-60s ahead of US CPI.
Support: 1.32564, 1.3247, 1.32253
Resistance: 1.3275, 1.3280, 1.3300
What it said to watch
US CPI at 12:30 GMT could materially shift this read. Core MoM against the 0.2% forecast is the swing factor for the USD leg.
An H1 close above the 1.3280 range cap opens the 1.3300 range top, which has capped cable since late September.
Failure to hold the 1.3256 pullback low exposes the 38.2% fib near 1.3247.
A break of the rising lows line and a move back below the weekly open at 1.3225 would negate the higher-low sequence.
10:01 UTC
Uptrend since Monday's low, pausing below week high · RSI 57 · price 1.32604
Higher lows from 1.3202; pullback onto ema20 inside 1.3200–1.3300 range.
Cable has built higher lows since the 1.3202 week low set during Monday's NY session as USD hit 18-month highs. It climbed steadily through Tuesday's London and NY sessions, then pushed in the Asia session to a 1.3275 week high as the dollar eased on Williams' dovish-leaning remarks. London has pared that move into US CPI, bringing price back onto EMA(20) near 1.3256 and the higher-lows line, with RSI(14) cooling to the high 50s; the 50% fib of the week's rally at 1.3238 matches Tuesday's NY pullback low, all still inside the 1.3200–1.3300 range in place since late September.
Support: 1.3256, 1.3238, 1.3202
Resistance: 1.3275, 1.3300
What it said to watch
US September CPI at 12:30 GMT today is the swing factor for the 1.3275 week high versus the 50% fib at 1.3238
H1 close above 1.3275 week high opens a test of the 1.3300 range top
Failure to hold 1.3238 (50% fib) breaks the higher-lows sequence and exposes the 1.3202 week low
Repeated H1 closes below ema20 near 1.3256 would mark the pullback as more than a retest
UK GDP/IP Thu 06:00 UTC (f/c -0.1% MoM) could shift the read after CPI
Higher lows since Mon NY low; pulling back toward prior high.
The week opened at 1.3225. A Monday London spike to 1.3261 was rejected, and NY sold it down to the 1.3202 week low as USD hit its 18-month high. From there cable built higher lows through Tuesday's London and NY sessions as the dollar corrected on Williams' remarks, then extended in Wednesday's Asia session to a 1.3275 week high. Price is now easing back toward the 1.3260 prior high and EMA(20), which coincide with the rising higher-low trendline. RSI(14) has cooled to around 59 from the upper 60s.
Support: 1.3260, 1.3238, 1.3202
Resistance: 1.3275, 1.3300
What it said to watch
US Sep CPI at 12:30 GMT, with core m/m vs 0.2% the swing number, could materially shift this read
H1 close below the 1.3260 prior high and higher-low trendline breaks the sequence and exposes the 1.3238 fib 50%
Acceptance above the 1.3275 week high brings the 1.3300 range top into play
Loss of 1.3238 puts the 1.3202 week low and the 1.3200 floor back in focus
Bowman at 09:40 GMT during London hours
07:01 UTC
Uptrend, pressing the week high · RSI 67 · price 1.32704
Higher lows since Monday's low, through Monday's high, below the range top.
Cable has built higher lows since Monday's NY-session low at 1.3202, set as the USD hit an 18-month high. It cleared the monday high at 1.3261 during Wednesday's Asia session and reached a week high at 1.3275 as the dollar correction extended after Williams' 'no 2027 hike' remarks. Price holds above EMA(20) and EMA(50) with RSI(14) near 67, pullbacks since Tuesday's London open have held the rising trendline, and the 1.3300 range top in place since Sep 24 sits about 25 pips overhead.
Support: 1.3261, 1.3238, 1.3202
Resistance: 1.3275, 1.3300
What it said to watch
US September CPI at 12:30 GMT (core f/c 0.2% MoM) could materially shift this read; a hot core print puts the 1.3200 floor back in focus
An H1 close above the 1.3300 range top ends the three-week range
A close back below the monday high at 1.3261 and the rising trendline turns the breakout into a false break
Loss of the fib 50% at 1.3238 exposes the monday low at 1.3202
Bowman remarks at 09:40 GMT could move the USD ahead of CPI
Higher lows since Tuesday, week high pressing range top.
Monday's London-open high at 1.3261 gave way to an NY-session slide toward the 1.3200 range floor as USD hit its 18-month high. Since then cable has printed higher lows. Tuesday's London session and Wednesday's Asia session drove price through the mon high to a week high near 1.3275 as USD eased from that peak. Price holds above EMA(20) near 1.3256 with RSI(14) around 67, still inside the 1.3200–1.3300 range that has floored every dip this week.
Support: 1.3261, 1.3239, 1.3200
Resistance: 1.3275, 1.3300
What it said to watch
H1 close above the 1.3300 range top breaks the range read that has held since late September
US Sep CPI at 12:30 GMT (core f/c 0.2% m/m) could materially shift this read; BoE's Pill at 06:00 UTC is a nearer risk
Rejection at the 1.3275 week high followed by a loss of the mon high and EMA(20) exposes the fib 50% at 1.3239
Failure to hold the Tuesday higher-lows trendline near 1.3255 ends the higher-lows sequence
A return to the 1.3200 range floor would retest the level that has held every dip this week
05:01 UTC
Uptrend from Monday's low, extending into Asia · RSI 66 · price 1.32706
Higher lows since Monday NY low, pressing the upper half of the 1.3200–1.3300 range.
Cable has printed higher lows since Monday's NY-session low at 1.3202. The Tuesday rally on Fed Williams' dovish read and a softer dollar carried through the Asia session today to a week high at 1.3275, clearing Monday high at 1.3261, which now sits just above ema20 near 1.3257. RSI(14) at 66 is firm but short of overbought, and the three-week range top at 1.3300 sits about 25 pips overhead.
Support: 1.3261, 1.3257, 1.3238
Resistance: 1.3275, 1.3300
What it said to watch
US CPI at 12:30 GMT (core f/c 0.2% m/m) is the main risk to this read; a hot core print puts the rising trendline near 1.3253 in play
H1 close back below the Monday high and ema20 (1.3261/1.3257) would mark the Asia push as a false break
Failure to hold the tue ny low at 1.3238, the 50% fib of the week's rally, breaks the higher-low sequence
Sustained H1 closes above the range top at 1.3300 would end the three-week range read; the week high at 1.3275 is the first cap
BoE Pill at 06:00 UTC could add GBP-side volatility ahead of CPI
02:01 UTC
Uptrend since Monday's low, pressing the week high · RSI 63 · price 1.32609
Higher lows from 1.3204, testing Monday's 1.3261 high inside the 1.3200–1.3300 range.
Cable has recovered steadily from Monday's NY low at 1.3202. London built the base on Tuesday, and NY extended it to 1.3259 as the dollar eased on Williams' dovish remarks. Asia has now lifted price to a marginal new week high at 1.3264. Price holds above EMA(20) near 1.3250, with pullbacks respecting a rising trendline from Tuesday's Asian low and RSI(14) near 63, short of overbought. The leg sits inside the 1.3200–1.3300 range, and Monday's London-open rejection from this same area makes the week high the zone to monitor for rejection or break.
Support: 1.3250, 1.3240, 1.3225
Resistance: 1.32635, 1.3300
What it said to watch
US CPI at 12:30 UTC (core f/c 0.2% m/m) could materially shift this read
H1 close above the 1.3264 week high opens the path toward the 1.3280–1.3300 range top
Break of the rising trendline and EMA(20) near 1.3250 would stall the higher-low sequence
Loss of the 38.2% fib at 1.3240 and the weekly open at 1.3225 would unwind most of the leg, putting the 1.3200 floor back in focus
UK GDP Thu 06:00 UTC (f/c -0.1%) adds a second risk point
00:01 UTC
Recovering within range, pressing range top · RSI 61 · price 1.32539
1.3200–1.3260 box this week; Tuesday higher lows into retest of week high.
The week opened at 1.3225. Monday's London open spike to the 1.3261 week high reversed in the NY session to a 1.3202 monday low as the dollar printed fresh highs. Tuesday's higher lows lifted price back to 1.3259 through London and NY on a softer USD after Williams' remarks, with the Tuesday rally finding the rising EMA(20), now near 1.3244, on each dip and RSI(14) holding around 60. Price is now retesting the week high just below the 1.3300 range top.
Support: 1.3244, 1.3225, 1.3202
Resistance: 1.3261, 1.3300
What it said to watch
H1 close above the 1.3261 week high puts the 1.3300 range top in play
Loss of the Tuesday higher lows trendline and EMA(20) at 1.3244 exposes the weekly open at 1.3225, near the 50% of the Tuesday rally
Failure at 1.3200, the monday low, would break the multi-session range floor
US CPI Wed 12:30 UTC (core f/c 0.2% MoM) could materially shift this read; BoE Pill at 06:00 UTC earlier