Cable has chopped sideways in a 1.3392–1.3460 band since the early-week recovery off the Tuesday 1.3324 low, with price drifting back to 1.3427 after the week-high rejection at 1.3460. RSI(14) is cycling around the mid-50s and price is hugging EMA(20), reflecting the doji indecision flagged into the UK CPI/BoE double-header. Moves have been muted with traders parked ahead of event risk.
Support: 1.3419, 1.3392, 1.3380
Resistance: 1.3443, 1.34608
What it said to watch
UK CPI Wed 06:00 UTC and FOMC Wed 18:00 UTC could materially shift this read
Close above 1.3460 reopens the range top and squeezes the prior rejection
Close below 1.3380 signals a return to broader-range trading toward 1.3300
Cable rallied off the 1.3324 low into Friday and tagged a 1.3461 weekly high before fading, and since then it has chopped sideways in the 1.3403–1.3443 band, treading water around 1.3427 just above EMA20/EMA50. RSI(14) is cycling near 50 with no clear momentum, consistent with the market parked ahead of UK CPI and the FOMC. The 1.3443 region has capped the last two pushes, keeping the broader 1.3380–1.3465 range intact.
Support: 1.3403, 1.3380, 1.3355
Resistance: 1.3443, 1.34608
What it said to watch
UK CPI Wed 06:00 UTC and the FOMC decision could materially shift this range read
Close above 1.3443 reopens the 1.3461 weekly high
Close below 1.3403 exposes the 1.3380 range floor
22:01 UTC
Range, momentum flat · RSI 53 · price 1.34261
Consolidation under week high, holding mid-range.
Cable ran to a 10-day high at 1.3460 mid-week on the US-Iran ceasefire risk-on pop, then round-tripped back into a 1.3390-1.3443 range where it has chopped sideways into the NY close. Price sits just above EMA20 and EMA50, which have flattened and converged around 1.3422, with RSI cycling around the 50 mark — indecision before the event risk. The session high at 1.3443 has capped the latest attempt and the lower-highs sequence from 1.3460 is still intact.
Support: 1.3400, 1.33908, 1.3380
Resistance: 1.3443, 1.34608
What it said to watch
UK CPI Wed 06:00 UTC could break the 1.3390-1.3443 range either way
FOMC decision + dots Wed 18:00 UTC is the dominant risk for this read
H1 close above 1.3443 reopens the 1.3460 week high
Close below 1.3390 signals a return to broader range trade toward 1.3380
Rangebound below week high after Monday rally faded.
Cable pushed to the week high at 1.3460 on Monday's risk-on pop, then faded back to flatten around 1.3425 with RSI(14) parked near 50. Price is hugging EMA(20) and trading in a tight 1.3402–1.3460 range as traders sit on hands into Wednesday's UK CPI and FOMC. The last several bars are near-doji, underscoring the indecision flagged around 1.3400.
Support: 1.3402, 1.3380, 1.3324
Resistance: 1.34608, 1.3465, 1.3490
What it said to watch
UK CPI Wed 06:00 UTC and FOMC Wed 18:00 UTC could materially shift this read
H1 close above 1.3465 opens the path toward 1.3490
H1 close below 1.3380 signals a return to broader range trade toward 1.3300
21:01 UTC
Range, momentum flat · RSI 54 · price 1.34261
Rangebound below weekly high.
Cable has tracked sideways since Monday's open, popping to a 10-day high at 1.3460 mid-week before fading back to pivot around 1.3425 — a clean round-trip as the US-Iran ceasefire risk-on impulse unwound. Price is hugging EMA(20) with RSI(14) parked near 50, and the 1.3443 swing high has capped the latest NY attempt. Doji indecision into the UK CPI / FOMC double-header keeps the 1.3380–1.3460 range intact.
Support: 1.3415, 1.3400, 1.3380
Resistance: 1.3443, 1.3460, 1.3490
What it said to watch
UK CPI Wed 06:00 UTC and FOMC 18:00 UTC could materially shift this read
Close above 1.3460 week high reopens the path to 1.3490
Close below 1.3380 range floor signals return to broader range trading toward 1.3300
GBPUSD has been rangebound near 1.3400 all week, with Friday's push to the 1.3460 week high fading back into a tight consolidation. Price sits just above EMA20 around 1.342 with RSI(14) hovering near 50 — doji-style indecision into the UK CPI/FOMC double-header. The 1.3460/1.3490 band has capped rallies while 1.3380 has held the floor.
Support: 1.3400, 1.3380, 1.3420
Resistance: 1.3443, 1.34608, 1.3490
What it said to watch
Hourly close above 1.3460 opens the path toward 1.3490
Close below 1.3380 signals return to broader range trading
UK CPI Wed 06:00 UTC and FOMC 18:00 UTC could materially shift this read
20:01 UTC
Range, sitting mid-band · RSI 54 · price 1.34296
Consolidation above weekly recovery lows.
Cable round-tripped this week: a slide to 1.3324 on Monday was reversed into Tuesday's risk-on push to the 1.3460 week high before fading back to the mid-1.34s. Price now consolidates near 1.3430, holding above EMA(20) with RSI(14) parked mid-range, reflecting the doji indecision into the UK CPI/FOMC double-header. Demand has stepped in twice around 1.3392 while supply has capped attempts at 1.3443.
Support: 1.3392, 1.3380, 1.33243
Resistance: 1.3443, 1.34608
What it said to watch
UK CPI Wed 06:00 UTC and FOMC Wed 18:00 UTC could materially shift this read
H1 close below 1.3380 signals return to broader range trading toward 1.3324
Reclaim and close above 1.3443 reopens the 1.3460 week high
20:01 UTC
Range, edging higher within band · RSI 57 · price 1.34296
Rangebound 1.3380-1.3460, holding upper half.
Cable has been trapped between 1.3380 and the 1.3460 week high all week, with the US-Iran ceasefire pop to 1.3460 fully round-tripping into Doji indecision near 1.3400. Into the NY session today price recovered off 1.3392 to grind back toward 1.3430, holding above EMA20 with RSI cycling around the mid-50s. The 1.3443 recent high has capped the latest push; the broader range is still respected.
Support: 1.3400, 1.3418, 1.3380
Resistance: 1.3443, 1.34608
What it said to watch
UK CPI Wed 06:00 UTC and FOMC 18:00 UTC could materially shift this read
Close above 1.3460 breaks the week range top
Failure to hold 1.3380 signals a return to broader range trade toward 1.3300
19:01 UTC
Range, mild upward drift · RSI 55 · price 1.34293
Consolidation under week high after Tuesday spike faded.
Cable opened the week near 1.3398 and spiked to a 10-day high at 1.3461 on the US-Iran ceasefire risk-on pop, but that move fully round-tripped back toward the weekly open. Price has since carved a range, holding above EMA(20) and EMA(50) with RSI(14) cycling around the mid-50s; 1.3461/1.3465 capped the attempt and demand stepped in twice near 1.3392. The pair is treading water into a heavy event slate.
Support: 1.3398, 1.3392, 1.3418
Resistance: 1.3461, 1.3465, 1.3490
What it said to watch
UK CPI Wed 06:00 UTC and FOMC 18:00 UTC could materially shift this read
Close above 1.3465 reopens the path to 1.3490
Close below 1.3392 confirms a lower low and broader range trade toward 1.3398 break
19:00 UTC
Rangebound, near range mid · RSI 56 · price 1.34293
Consolidation 1.3390–1.3460, higher lows late week.
Cable has trod water around 1.3400 all week, with the US-Iran ceasefire risk-on pop to 1.3460 fully round-tripping back into the range. Price has carved higher lows since the 1.3390 base and now sits above EMA20 with RSI(14) cycling in the mid-50s, but the 1.3443 session high has capped the latest push. The range top at 1.3460 remains respected ahead of UK CPI and the FOMC.
Support: 1.3403, 1.3390, 1.3380
Resistance: 1.3443, 1.34608
What it said to watch
UK CPI Wed 06:00 UTC and FOMC Wed 18:00 UTC are the dominant catalysts for this read
H1 close above 1.3443 then 1.3460 reopens the upper range
Failure to hold 1.3380 confirms a break back into broader range trading toward 1.3300
18:01 UTC
Range, mild recovery off the lows · RSI 54 · price 1.34276
Boxed in week range, holding above EMAs.
Cable recovered off Tuesday's dip to 1.3325 and has spent the last two days coiling between 1.3400 and 1.3460, with the week high at 1.3461 capping attempts. Price sits just above EMA20/EMA50 with RSI cycling around the mid-50s — neutral, consolidation ahead of the central-bank cluster. The 1.3300–1.3500 multi-week range still frames the read.
Support: 1.3392, 1.3380, 1.3325
Resistance: 1.3461, 1.3465, 1.3500
What it said to watch
H1 close above 1.3465 range cap opens the path to 1.3500
Failure to hold the 1.3380 range floor signals a return to broader range trade
FOMC and UK CPI Wednesday could materially shift this read
18:01 UTC
Rangebound, two-way · RSI 53 · price 1.34276
Consolidation under week high.
Cable has chopped sideways since Friday's open, coiling around 1.3420 just under the 1.3461 week high as traders sit on hands ahead of Wednesday's FOMC and UK CPI. Price is holding above EMA20/EMA50 with RSI(14) cycling near 50, but the 1.3461 cap has held into the NY session and the broader 1.3300–1.3500 multi-week range still frames the read.
Support: 1.3392, 1.3380, 1.3324
Resistance: 1.3443, 1.3461, 1.3500
What it said to watch
H1 close above 1.3461 opens the path to the 1.3490/1.3500 cap
Loss of 1.3380 returns price to the lower half of the range toward 1.3324
FOMC and UK CPI Wednesday could materially shift this read
After the weekend gap, Cable spiked to a week high at 1.3460 then drifted lower through the NY sessions to a 1.3392 swing low before reclaiming the EMA20 and recovering toward mid-range. Price is holding the 1.3300–1.3500 band the digest describes, with the 1.3460 cap respected on the post-gap push. RSI(14) is cycling around the mid-50s as the bounce develops into the central-bank cluster.
Support: 1.3416, 1.3392, 1.3380
Resistance: 1.3460, 1.3490
What it said to watch
Hourly close above 1.3460 opens the path to the 1.3490 next cap
Failure to hold the 1.3392 swing low confirms a return toward the 1.3380 range floor
FOMC and UK CPI Wednesday could materially shift this range read
Cable has clawed back toward the week's 1.3460 cap after basing near 1.3397 through the European session, holding above EMA(20) with RSI(14) cycling in the upper half. Monday's Hormuz-reopening pop toward 1.3460 round-tripped, leaving price boxed in the upper quarter of the multi-week 1.3300–1.3500 range. The 1.3460 ceiling has capped two attempts this week.
Support: 1.3397, 1.3380, 1.3325
Resistance: 1.3460, 1.3500
What it said to watch
H1 close above 1.3460 opens the path to 1.3500
Failure to hold 1.3397 reopens 1.3380 range low
FOMC and UK CPI Wed could materially shift this read
Monday's US-Iran ceasefire risk pop toward the 1.3460 week high fully round-tripped, with Cable drifting back to mid-range through Tuesday's London and NY sessions. Price has reclaimed EMA20 and EMA50 after holding the 50% ret(1.3393) of last week's 1.3325-1.3460 rally, but the move stays boxed below 1.3460. RSI(14) is cycling around 50-56 with no directional conviction into the event cluster.
Support: 1.3393, 1.3380, 1.3325
Resistance: 1.3460, 1.3490
What it said to watch
UK CPI Wed 06:00 UTC and FOMC Wed 18:00 UTC dominate the next two sessions and can break the range
H1 close above 1.3460 opens 1.3490 psych cap
Loss of 1.3393 50% fib exposes the 1.3380 range low
16:01 UTC
Rangebound, no clear bias · RSI 55 · price 1.34276
Multi-day range 1.3380-1.3465, price mid-range.
Cable is boxed in its multi-day 1.3380-1.3465 range, trading mid-range near 1.3428 with RSI(14) flat around 55. Monday's spike to the 1.3461 week high fully round-tripped after the US-Iran ceasefire risk pop drained, leaving price hovering just above EMA20 into the NY session. Range top at 1.3450/1.3461 has capped the recent recovery while dips into 1.3400 keep finding demand.
Support: 1.3400, 1.3380, 1.3324
Resistance: 1.3450, 1.3461
What it said to watch
FOMC and UK CPI Wed could break the 1.3380-1.3465 range either way
H1 close above 1.3461 invalidates the range top and opens 1.3490/1.3500
Break below 1.3380 confirms a return to the lower range toward 1.3324
15:01 UTC
Rangebound, no momentum · RSI 51 · price 1.34151
Ranging mid-range under week high.
Cable has been boxed this week, with the post-weekend rally to a 1.3461 week high fully fading back into the middle of the 1.3390–1.3461 range. Price is treading water either side of EMA(20) with RSI(14) parked near 50, reflecting indecision ahead of FOMC and UK CPI Wednesday. The week high capped the move and supply has held there since.
Support: 1.3390, 1.3324
Resistance: 1.3461, 1.3490
What it said to watch
FOMC and UK CPI Wed 06:00/18:00 UTC are the dominant catalysts and could break this range
H1 close above 1.3461 opens the path toward 1.3490
Failure to hold 1.3390 signals a return to the broader range toward 1.3324
15:01 UTC
Range, drifting off the highs · RSI 47 · price 1.34151
Rangebound below 1.3460, holding above 1.3380.
Cable round-tripped this week's Monday risk pop toward 1.3460 and is back coiling near 1.3415, sitting on its EMA(20) with RSI(14) idling around the mid-line. The 1.3460 area has capped every attempt since the rally peaked, while 1.3380 marks the range floor; price has spent the back half of the week in a tightening band as traders sit on hands. Indecisive H1 candles reflect positioning ahead of the central-bank cluster.
Support: 1.3380, 1.3325
Resistance: 1.3460, 1.3500
What it said to watch
FOMC and UK CPI Wednesday could materially shift this read
H1 close above 1.3460 opens the path toward 1.3500
Break below 1.3380 confirms a return to broader range trade
14:01 UTC
Rangebound, two-way · RSI 50 · price 1.3416
Consolidation below week high.
Monday's US-Iran ceasefire pop pushed Cable to 1.3461 before round-tripping back near 1.3415, stalling well below the 1.3465 range cap. Price has since chopped between 1.3390 and 1.3431 with RSI(14) cycling around the 50 line and the H1 EMA(20) flattening. Indecisive consolidation as traders square into the UK CPI and FOMC double-header Wednesday.
Support: 1.3390, 1.3380
Resistance: 1.3431, 1.3461
What it said to watch
H1 close above 1.3465 invalidates the range-cap read toward 1.3490/1.3500
Break below 1.3380 opens the broader range toward 1.3300
UK CPI Wed 06:00 UTC and FOMC could materially shift this read
14:01 UTC
Range, momentum flat · RSI 49 · price 1.3416
Consolidation below week high.
Cable recovered from the mid-week 1.3325 swing low into Friday's 1.3460 week high, then stalled and drifted into a tight 1.3400-1.3430 consolidation. Two attempts at 1.3460 were rejected and price now sits pinned to EMA20 with RSI(14) flat near 48. The dominant move of the week was the recovery leg; price is holding the round number at 1.3400 since.
Support: 1.3400, 1.3380, 1.3325
Resistance: 1.3430, 1.3460
What it said to watch
H1 close above 1.3460 reopens the path toward the 1.3500 range cap
Loss of 1.3380 range floor signals a return to the broad 1.3300-1.3500 band
UK CPI and FOMC Wed could materially shift this consolidation read
13:01 UTC
Range, momentum flat · RSI 49 · price 1.34142
Round-trip back to weekly open, range-bound.
Cable round-tripped Monday's US-Iran ceasefire pop to 1.3461 all the way back to flat near 1.3400 as the dollar held firm into the Fed. Price has slipped back below EMA20 with RSI(14) parked near 49, and the 1.3443 prior high capped the latest bounce. The 1.3400–1.3460 range has framed the whole week's action.
Support: 1.3392, 1.3398, 1.3370
Resistance: 1.3443, 1.3461, 1.3469
What it said to watch
H1 close above 1.3461 reopens the range top toward 1.3469
Failure to hold 1.3392 confirms a lower-low into the low-1.33s
FOMC Wed and UK CPI Wed could materially shift this read
13:01 UTC
Rangebound, no momentum · RSI 49 · price 1.34142
Range between weekly high and low.
Cable round-tripped Monday's US-Iran ceasefire pop to 1.34608 and gave the entire move back to drift near 1.3400, pinned to EMA20/EMA50 with RSI(14) flat in the high-40s. Price is mid-range as traders de-risk into the Fed/UK CPI/BoE cluster; the lower-high at 1.34340 has capped the NY session and the round number at 1.3400 is holding underneath.
Support: 1.3400, 1.3375, 1.33243
Resistance: 1.3434, 1.34608
What it said to watch
H1 close above 1.34608 breaks the week's range top
Loss of 1.3400 round number opens the 1.33750 swing low
UK CPI Wed 06:00 UTC and FOMC later same day could materially shift this read
12:01 UTC
Range-bound, recovering within range · RSI 55 · price 1.34263
4-week range; Monday pop to 1.3460 round-tripped.
Cable popped to 1.3460 early this week on the US-Iran risk-on relief before fading back to the 1.3400 pivot, with the move stalling against the 50-DMA cap. Price has recovered into NY hours today and sits just above EMA(20)/EMA(50) with RSI(14) cycling mid-range; the 1.3460 high has capped two attempts. Structure remains a four-week range awaiting Wednesday's UK CPI and Fed catalysts.
Support: 1.3392, 1.3400, 1.3325
Resistance: 1.3460, 1.3500
What it said to watch
UK CPI Wed 06:00 GMT and Fed Wed 18:00 UTC could materially shift this range read
H1 close above 1.3460 week high reopens the path toward 1.3500
Failure to hold the 1.3392 swing low exposes low-1.33s
12:00 UTC
Range, momentum flat · RSI 52 · price 1.34263
Consolidation under week high, holding 1.3400 pivot.
Cable popped to a 1.3460 week high on Monday's risk-on open then round-tripped, and has spent this week chopping between 1.3400 and the 1.3460 cap. Price sits just above EMA(20) near 1.3417 with RSI(14) idling near 50 — no directional momentum as traders square into a triple catalyst. The week's UK GDP miss capped the upside while the firm Dollar held the floor around the 1.3400 pivot.
Support: 1.3400, 1.3417, 1.3325
Resistance: 1.3460, 1.3500
What it said to watch
UK CPI Wed 06:00 GMT and the Fed decision Wed 18:00 UTC will dominate this range
H1 close above 1.3460 opens the path back toward 1.3500
Failure to hold 1.3400 exposes the low-1.33s and the 1.3325 swing low
11:01 UTC
Range, momentum flat · RSI 49 · price 1.34149
4-day range, faded off week high.
Cable spiked to 1.3460 early-week on the US-Iran risk-on move then round-tripped, settling back toward 1.3415 and holding the 1.3400 pivot. RSI(14) is cycling mid-range with price pinned to EMA(20) while sitting below EMA(50), a flat consolidation after the fade from the week high. The whole week sits inside a tight 1.3325–1.3460 band ahead of UK CPI and the Fed on Wednesday.
Support: 1.3400, 1.3392, 1.3325
Resistance: 1.3460, 1.3444, 1.3500
What it said to watch
H1 close above 1.3460 week high reopens the 1.3500 round number
Failure to hold the 1.3400 pivot exposes the 1.3392 swing low and low-1.33s
UK CPI Wed 06:00 GMT and FOMC Wed 18:00 UTC could materially reset this range read
Consolidation under week high after failed 1.3460 push.
Cable gapped up to Monday's 1.3460 high then round-tripped, fading back toward the 1.3400 pivot as the Dollar held firm into the Fed. Price is pinned around EMA(20) with RSI(14) cycling near 50, and a series of lower highs from Tuesday's 1.3460 has capped the week. The 4-week range structure remains intact, with 1.3460/1.3469 as the cap and the low-1.33s as support.
Support: 1.3400, 1.33908, 1.3327
Resistance: 1.3444, 1.34608, 1.3469
What it said to watch
UK CPI Wed 06:00 GMT and Fed Wed 18:00 UTC could materially shift this range read
H1 close above 1.3460 invalidates the lower-high sequence
Failure to hold 1.3400 pivot exposes the 1.33908 week low and low-1.33s
10:01 UTC
Range, mid-band drift · RSI 55 · price 1.34247
4-week range, two-way around 1.3400 pivot.
Monday opened near 1.3398 and spiked to 1.3460 on the US-Iran ceasefire risk-on pop, but the move round-tripped and faded into the swing low at 1.3392 before this NY-session bounce back to 1.3424. Price has reclaimed EMA20 with RSI cycling around 55, leaving Cable mid-range and pinned to the 1.3400 pivot ahead of Wednesday's catalysts. The 1.3460 week high has capped attempts and remains the range cap.
Support: 1.3400, 1.3392
Resistance: 1.3460, 1.3500
What it said to watch
UK CPI and Fed Wed could materially shift this read
H1 close above 1.3460 invalidates the range cap, opens 1.3500 psych
Failure to hold 1.3392 swing low confirms a lower-low toward low-1.33s
Cable round-tripped Monday's risk-on pop to 1.3461 and faded back toward 1.3392 before recovering to 1.3424, keeping the well-worn 1.3400 pivot in play. Price sits just above EMA20/EMA50 with RSI(14) back near 54, but the 1.3444/1.3461 zone has capped each push since the peak. The 1.3461 week high stalled twice as the Dollar held firm into the Fed.
Support: 1.3392, 1.3415, 1.3325
Resistance: 1.3444, 1.3461, 1.3500
What it said to watch
UK CPI Wed 06:00 GMT and Fed Wed 18:00 GMT can materially shift this range read
H1 close above 1.3461 reopens the 1.3500 path
Failure to hold 1.3392 exposes low-1.33s toward the 1.3325 week low
Cable opened Monday near 1.3398 after a small weekend gap, ran to a week high at 1.3460 in the London session then round-tripped the entire move back to ~1.3400 as the dollar held into the Fed. Price is pinned to the H1 EMA(20) around 1.3414 with RSI hovering near 50 — a flat, range-bound read while lower highs cap from 1.3460 down to 1.3434.
Support: 1.3414, 1.3392, 1.3325
Resistance: 1.3434, 1.3460
What it said to watch
UK CPI Wed 06:00 GMT is the domestic catalyst that can break this range
FOMC Wed could materially shift the USD leg of this read
Hourly close above 1.3460 reopens the upside path
Loss of 1.3392 swing low confirms a lower low toward the 1.33s
09:01 UTC
Range-bound, drifting off week high · RSI 49 · price 1.34145
Consolidation below 1.3460, lower highs into mid-range.
Cable round-tripped the US-Iran ceasefire pop that tagged the 10-day high near 1.3460 mid-week and has since drifted back into a range around 1.3410, capped by descending lower highs and trading just below EMA(50). RSI(14) sits mid-range near 48 after buyers stepped in at 1.3392 in the latest NY-into-Asia hours; price reclaimed EMA(20) on the bounce. The week's tone stays two-way ahead of Wednesday's domestic test.
Support: 1.3392, 1.3327
Resistance: 1.3434, 1.3460
What it said to watch
UK CPI Wed 06:00 GMT and FOMC Wed could materially shift this read
H1 close above 1.3434 reopens the path to the 1.3460 week high
Failure to hold 1.3392 confirms a lower low toward 1.3327
Cable pushed to a 1.3461 week high midweek on the US-Iran ceasefire risk-on impulse, then faded the entire move back to 1.3403, keeping the multi-week 1.33–1.3469 range intact. Lower highs have formed since the peak with RSI(14) slipping toward the low-40s and price now under both H1 EMAs. The 1.3450 10-day high capped the rally and low-1.34s is holding for now.
Support: 1.3392, 1.3327, 1.3324
Resistance: 1.3450, 1.3461, 1.3469
What it said to watch
UK CPI Wed 06:00 GMT and FOMC Wed 18:00 GMT could materially shift this read
H1 close above 1.3469 invalidates the range read and exposes a short-squeeze
Break of low-1.33s support validates a lower-low toward 1.3100 calls
08:01 UTC
Range, pulling back from week high · RSI 43 · price 1.34031
Rejected 10-day highs, drifting toward range mid.
Cable pushed to a 1.3461 10-day high into Thursday's NY session then gave the move back, closing flat near 1.3403 as the dollar held firm post-Iran-deal. Price now sits below EMA(20) (~1.3415) with RSI(14) easing to the low-40s; the multi-week 1.33–1.3469 range remains intact after supply capped the rally. Two-way risk dominates ahead of Wednesday's UK CPI and FOMC.
Support: 1.3392, 1.3325
Resistance: 1.3415, 1.3461
What it said to watch
UK CPI Wed 06:00 GMT and FOMC same day could materially reshape this read
Reclaim of EMA20 ~1.3415 needed to ease the pullback
Failure to hold 1.3392 session low opens the low-1.33s
Close above 1.3461 weekly high breaks the 4-week range
07:01 UTC
Pullback off week high, momentum down · RSI 40 · price 1.33919
Lower highs since the 1.3460 rejection.
Cable rallied to a fresh 10-day high near 1.3460 mid-week on the US-Iran risk-on, soft-USD theme, but supply capped the move and price has unwound to ~1.3392 — roughly the 50% retrace of that week rally and below EMA(20). RSI(14) has rolled toward 40 as lower highs build off the 1.3460 cap, with the late session printing thin volume into a quiet Asia handover.
Support: 1.3390, 1.3325
Resistance: 1.3414, 1.3460
What it said to watch
H1 close back above 1.3414 (EMA20) would neutralise the lower-high sequence
Failure to hold 1.3390 opens the low-1.33s toward the 1.3325 week low
UK CPI Wed 06:00 UTC and FOMC Wed 18:00 UTC can materially shift this read
Rolling over off 1.3460 peak, sequence of lower highs.
Cable rallied off Monday's session into a 10-day high at 1.3460 on US-Iran risk-on and a soft dollar, but supply capped it below 1.3500 and price has bled lower through the NY-Asia transition, printing a clean string of lower highs back to 1.3392. Now trading below EMA(20) and EMA(50) with RSI(14) near 38, the week's upside momentum has faded. The 1.3392/1.3376 zone is the immediate area to watch for a hold or further slippage toward the week low.
Support: 1.3390, 1.3376, 1.33248
Resistance: 1.3415, 1.3444, 1.34608
What it said to watch
Reclaim of EMA(20) ~1.3415 would neutralise the lower-high sequence
Failure to hold 1.3376 swing low opens the path to the 1.33248 week low
UK CPI Wed and FOMC Wed / BoE Thu could materially shift this read
06:01 UTC
This-week range, pulling back from highs · RSI 41 · price 1.33969
Rejected at week high, lower highs forming.
Cable rallied to a 10-day high at 1.3460 into Monday's session on broad USD softness after the US-Iran framework deal, but the move stalled below the 50-dma cap ~1.3469 and price has since drifted back toward 1.3390. The H1 sequence shows lower highs off 1.3460 with price now under EMA20 and RSI(14) easing into the low-40s. The wider 1.34 range that has held for weeks remains intact.
Support: 1.33908, 1.3355, 1.33248
Resistance: 1.34608, 1.3469, 1.3500
What it said to watch
H1 close back above 1.34608 reopens the 50-dma cap and 1.3500 monthly high
Loss of 1.33908 exposes the low-1.33s and the 1.33248 week low
UK CPI Wed 06:00 UTC could materially reset this read
06:01 UTC
Rally stalling, pulling back · RSI 43 · price 1.33969
Lower highs off week high, retracing the week's advance.
Cable rallied to a 10-day high at 1.3460 mid-week on US-Iran risk-on and USD softness, but the move was capped below the 50-dma and has since rolled over into a series of lower highs. Price has slipped back under EMA20 (~1.3415) and is retracing toward the 1.3391 swing low, with RSI(14) cooling into the low-40s. Central-bank week dominates — UK CPI and the FOMC decision are the next structural catalysts.
Support: 1.3391, 1.3324
Resistance: 1.3415, 1.3460
What it said to watch
Loss of 1.3391 swing low opens the path toward the 1.3324 week low
Reclaim of EMA20 (~1.3415) would stall the pullback and re-expose the 1.3460 week high
UK CPI (Wed) and FOMC (Wed) could materially shift this read
Cable spiked into Monday's session to a 10-day high at 1.3460 on the US-Iran risk-on, USD-soft move, but stalled just shy of the 50-dma cap ~1.3469 and has since faded. Price slipped back below EMA20 with RSI(14) cycling lower into the mid-40s, now pinned near 1.3403 above the 1.3397 session low. The Monday impulse has been almost fully retraced as supply caps each lower high.
Support: 1.3397, 1.3380
Resistance: 1.3460, 1.3469
What it said to watch
H1 close above 1.3460 reopens the path to the 50-dma ~1.3469 and 1.3500 monthly high
Failure to hold 1.3397 exposes the 1.3380 weekly open
UK CPI Wed 06:00 UTC and FOMC dots could materially shift this read
Cable rallied to a fresh 10-day high at 1.3460 after the US-Iran accord softened the dollar, but stalled below the 50-dma and has since drifted back toward the 1.3400 round number through the NY session. Price has slipped under EMA20 with RSI cycling lower, and a series of lower highs has capped the move since the peak. The week's narrative now defers to UK CPI and the Fed mid-week.
Support: 1.3400, 1.3397, 1.3360
Resistance: 1.3460, 1.3500
What it said to watch
H1 close below 1.3400 opens the low-1.33s
Reclaim of 1.3460 week high needed to retest 1.3500
UK CPI Wed 06:00 UTC could materially shift this read
Cable pushed to a fresh 10-day, week high at 1.34608 early in the week as USD softened on the US-Iran risk-on move, but the rally stalled below the 50-dma near 1.3469. Price has since drifted back to the low-1.34s through the Asia session, slipping under the EMA20 with RSI(14) easing into the low-40s. The 1.3397 swing low marks the base of the current consolidation.
Support: 1.3397, 1.3388
Resistance: 1.3420, 1.34608, 1.3469
What it said to watch
UK CPI Wed 06:00 UTC and FOMC Wed 18:00 UTC could materially shift this read
H1 close above 1.34608 reopens the path to the 50-dma ~1.3469
Failure to hold 1.3397 confirms a lower-low and extends the pullback
04:01 UTC
Uptrend stalling, pulling back · RSI 43 · price 1.34042
Consolidation under week high after rally.
Cable rallied to a 10-day high at 1.3461 on US-Iran risk-on and broad USD softness, then stalled below the 50-dma/monthly-high cap and has been grinding lower since the NY session. Price now sits back under the EMA20 around 1.3418 with RSI(14) in the mid-40s, leaving the upper-1.34s as supply and 1.3397/1.3400 as the immediate floor.
Support: 1.3397, 1.3400, 1.3327
Resistance: 1.3418, 1.3455, 1.3461
What it said to watch
UK CPI Wed 06:00 UTC and FOMC Wed 18:00 UTC could materially shift this read
H1 close below 1.3397 confirms a lower-low and opens the low-1.33s
Reclaim of the 1.3418 EMA20 puts the 1.3455/1.3461 cap back in play
Cable spiked to a 10-day high near 1.3460 early this week on the US-Iran risk-on bid and a softer USD, but the move stalled below the 50-day cap and has faded steadily since. Price now sits below EMA(20) at session lows around 1.3405 with RSI(14) drifting into the low 40s as the rally unwinds. The 1.3460 high has held while a sequence of lower highs has built into NY hours.
Support: 1.3404, 1.3400, 1.3388
Resistance: 1.3415, 1.3444, 1.3460
What it said to watch
UK CPI Wed 06:00 UTC and FOMC Wed 18:00 UTC could materially reset this read
Reclaim and H1 close back above EMA(20) ~1.3415 would steady the pullback
Loss of 1.3400 psych opens the path back toward the 1.3388 swing low
03:01 UTC
Pullback after early-week rally · RSI 42 · price 1.34052
Lower highs off 1.3460, drifting toward base.
Cable gapped up into the new week on the US-Iran risk-on bid, tagging a 10-day high at 1.3460 before stalling under the 50-day cap. Since that high it has carved lower highs and slipped below both H1 EMAs, now pressing the 1.3404 base with RSI(14) mid-40s. The 200-day at 1.3415 sits just overhead as the first reclaim level.
Support: 1.34038, 1.3393
Resistance: 1.3415, 1.3444, 1.3460
What it said to watch
H1 close below 1.3404 opens the path toward the 1.3393 fib 50% and the low-1.33s
Reclaim of 1.3415 (200-day) would neutralise the pullback
UK CPI and FOMC both Wed could materially shift this read
Lower highs off 1.346 week high, slipping below 200-day.
Cable rallied to a 10-day high at 1.346 after the weekend gap on the US-Iran risk-on lift and a softer USD, but the move stalled below the 50-day cap ~1.3469. Since then H1 has carved a sequence of lower highs, and price has slipped back through the 200-day ~1.3415 into the Asian session, now probing the 1.34086 session low. RSI sits in the low 40s with price under both EMAs.
Support: 1.34086, 1.33975
Resistance: 1.3415, 1.34291, 1.3469
What it said to watch
H1 close below 1.34086 session low opens the path toward the 1.33975 swing low
Reclaim of 1.34291 lower high needed to re-challenge the 1.3469 50-day cap
UK CPI Wed 06:00 UTC is the near-term lever for this read
Weekly high rejected, consolidating above support.
Cable rallied from the low 1.33s into the weekly high at 1.34608 on the US-Iran risk-on move and softer USD, but stalled below the 50-day cap near 1.3469. Since that high price has drifted lower beneath EMA20 with RSI cooling toward the low 40s, now consolidating around the 200-day at 1.3415 and the 1.3406 swing low. Demand has held the 1.3406 floor so far while overhead supply caps each bounce.
Support: 1.3406, 1.3415, 1.3393
Resistance: 1.3425, 1.34608, 1.3469
What it said to watch
Hold of 1.3406 keeps the consolidation intact; close below opens the low 1.33s
Reclaim of EMA20 ~1.3425 would reassert the week's uptrend
UK CPI Wed 06:00 UTC and FOMC Wed 18:00 UTC are the near-term levers for this read
Cable rallied off the Friday low in the low 1.33s and pushed to a week high at 1.3460 on the US-Iran risk-on bid, but the move stalled below the 50-day ~1.3469 and has since rolled into a pullback. Price is now drifting along the week open near 1.3414 with RSI(14) easing back toward the mid-40s, printing a sequence of lower highs from 1.3460. The session low at 1.3404 and the 1.3400 psych level mark the immediate downside reference.
Support: 1.3404, 1.3400, 1.3398
Resistance: 1.3444, 1.34608, 1.3469
What it said to watch
UK CPI and FOMC on Wed could materially shift this read
Close below 1.3398 week open opens downside toward the low 1.33s
Reclaim of the 1.3444 lower high needed to retarget the 1.3460 week high
01:01 UTC
Uptrend, momentum fading · RSI 42 · price 1.34138
Pullback from week high below the highs.
Cable rallied off the low-1.33s into Monday's session on the US-Iran risk-on bid, peaking at 1.34608 before stalling under the 50-day cap (~1.3469). Since the high, price has bled back into a lower-highs drift and now sits below EMA(20) near 1.3414, with RSI cooling toward the low 40s. The 200-day around 1.3415 and the 1.3406 swing low mark the immediate floor.
Support: 1.3406, 1.3415, 1.3325
Resistance: 1.34608, 1.3469
What it said to watch
UK CPI Wed 06:00 UTC is the near-term lever and could reset this read
H1 close below 1.3406 confirms a deeper pullback toward the low 1.33s
Reclaim of 1.3469 50-day cap opens the path back to 1.3500+
00:01 UTC
Uptrend, pullback after rejection · RSI 43 · price 1.34113
Lower highs since Monday's high, range holding above 1.3406.
Cable gapped higher into Monday's open and ran to 1.3460 on the US-Iran risk-on move and a softer dollar, but stalled below the 50-day ~1.3469 and has drifted lower through the session toward 1.3410. Price has slipped under EMA(20) with RSI cycling down into the mid-40s, and Monday's lows around 1.3406 have so far contained the pullback. UK CPI Wednesday is the near-term lever.
Support: 1.3406, 1.33979, 1.3353
Resistance: 1.34443, 1.34608, 1.3469
What it said to watch
H1 close below 1.3406 opens the path toward the 1.3398 week open
Reclaim of 1.3446 reopens the 1.3460 week high and the 50-day ~1.3469
UK CPI Wed 06:00 UTC could materially shift this read
Cable gapped higher into the new week on the US-Iran risk-on relief and softer USD, rallying to a 1.3460 week high before stalling under the 50-day cap (~1.3469). Price has bled lower through the session, slipping below the 200-day (~1.3415) and now probing the 1.3406 session low with RSI in the low-40s. UK CPI Wednesday is the near-term lever before BoE.
Support: 1.3406, 1.3400
Resistance: 1.3415, 1.34443, 1.34608
What it said to watch
UK CPI Wed 06:00 UTC and FOMC Wed 18:00 UTC could materially shift this read
H1 close below 1.3406 confirms a lower low and opens the 1.3400 psych level
Reclaim of 1.3445 lower high needed to put the week up-move back in play