GBP/USD AI Live Scan, 1-hour chart, Thursday, 16 July 2026
Every read JAFX AI made on the GBP/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:02 UTC
Uptrend, pullback in progress · RSI 42 · price 1.3474
Lower highs since Wed peak, holding 50% retrace.
GBPUSD opened Monday near 1.3376 and a political-driven short squeeze drove it to a two-month high at 1.3556 into Wednesday's NY session. Price has since faded to ~1.3474, printing lower highs and slipping below both EMAs, with the pullback stalling just above the 1.3465 swing low — around the 50% retrace of the week's impulse. The last handful of bars are near-flat on thin holiday-weekend volume, sitting just under the 1.3480 pivot.
Support: 1.3465, 1.3450, 1.3386
Resistance: 1.3480, 1.3556
What it said to watch
Reclaim of the 1.3480 pivot keeps the 1.3556 week high in play
Break below the 1.3465 swing low opens 1.3450 and the 1.3386 week open
UK jobs Jul 21 could materially shift this read given stretched positioning
Lower highs since 1.3556 peak, holding above 1.3466.
Wednesday's political short-squeeze drove GBPUSD to a two-month high near 1.3556 before the move faded through Thursday's NY session to 1.3466, now stabilising around 1.3474. Price sits below EMA(20) with RSI(14) cooling into the mid-40s as the descending pullback prints lower highs. The 1.3480 pivot has flipped to near-term resistance after last week's break.
Support: 1.3466, 1.3450
Resistance: 1.3480, 1.3520, 1.3556
What it said to watch
H1 close back above 1.3480 pivot reopens 1.3520 and the 1.3556 week high
Failure to hold 1.3450 support confirms a lower low and unwinds the squeeze
UK jobs (Jul 21) and CPI (Jul 22) are the next tests that could reshape this read
22:01 UTC
Uptrend, pullback in progress · RSI 44 · price 1.34743
Lower highs since week high, holding above 1.3465.
Cable ripped to a multi-month high near 1.3558 into Wednesday's NY session on a violent GBP short squeeze tied to political-relief headlines (Mahmood), then rejected and rolled over into Thursday, printing lower highs down to 1.3465. Price is now consolidating around 1.3474, back below EMA20 but holding above EMA50, with RSI(14) cooling into the mid-40s after the overbought push.
Support: 1.3465, 1.3450
Resistance: 1.3480, 1.3533, 1.3558
What it said to watch
H1 close above 1.3480 reopens the path toward 1.3533 and the 1.3558 week high
Failure to hold 1.3465 confirms a lower low and exposes 1.3450 strong support
UK jobs Tue 21 Jul 06:00 UTC could materially shift this read given stretched GBP positioning
21:02 UTC
Uptrend, pulling back from highs · RSI 44 · price 1.34792
Lower highs off week high, retracing impulse.
GBPUSD ran from Monday's ~1.3388 open to a 1.3558 week high on the UK fiscal-relief squeeze and hawkish BoE pricing, but has faded through the NY session with a clean sequence of lower highs. Price now sits below EMA(20) near 1.3480, holding just above the 1.3465 swing low as RSI cools from overbought. The dominant weekly move remains up, with this pullback retracing roughly 40% of the impulse off 1.3380.
Support: 1.34651, 1.3450, 1.33804
Resistance: 1.3520, 1.35579
What it said to watch
H1 close below 1.3465 confirms a lower-low, exposing 1.3450 strong support
Reclaim of 1.3520 EMA(20) reopens the 1.3558 week high
UK labour data Mon 06:00 UTC could materially shift this read
20:02 UTC
Uptrend, pulling back from highs · RSI 43 · price 1.3474
Corrective pullback after impulsive rally.
GBPUSD ran a steep short-squeeze rally through the midweek NY session, peaking near 1.3558 on the UK fiscal-discipline narrative and hawkish BoE pricing. Price has since unwound about 85 pips into the 0.382 retracement of that move, now sitting between a falling EMA20 (~1.3510) and EMA50 (~1.3465), with RSI(14) cooling back toward the low 40s. Supply capped two attempts near 1.3558 before the pullback set in.
Support: 1.3465, 1.3450
Resistance: 1.3510, 1.3558
What it said to watch
H1 close below 1.3450 confirms a deeper unwind of the week's rally
Reclaim of 1.3510 EMA20 would re-engage the uptrend structure
UK labour market data Mon Jul 21 06:00 UTC could materially shift this read
20:02 UTC
Pullback from week high · RSI 41 · price 1.3474
Lower highs off 1.3558 peak.
GBPUSD spiked to a multi-month high near 1.3558 mid-week on the sterling short-squeeze around UK fiscal-discipline hopes, but the move has faded and price now sits back at 1.3474 below both EMA20 and EMA50. The leg lower has printed a sequence of lower highs from the peak while demand stepped in twice around 1.3460. RSI(14) at ~41 reflects a cooling of the overbought squeeze rather than fresh strength.
Support: 1.3460, 1.3450
Resistance: 1.3480, 1.3505, 1.3558
What it said to watch
Reclaim of 1.3505 EMA20 would negate the pullback read
Hourly close below 1.3450 confirms a deeper unwind of the week's impulse
UK labour data Mon 06:00 UTC could materially shift this read
19:02 UTC
Uptrend, pulling back · RSI 40 · price 1.34721
Corrective slide off week high, lower highs.
GBPUSD ran a violent squeeze this week off Monday's ~1.3342 lows to a Wednesday peak near 1.3558 on the Mahmood-chancellor fiscal de-risking story, then rolled over into the NY session with price now back below EMA(20) and RSI(14) cooling to the low 40s. The 1.3558 high was rejected and successive lower highs have capped the bounce; session demand is holding around 1.34650 for now. The 1.3480 pivot flipped to overhead resistance on the way down.
Support: 1.3465, 1.3450
Resistance: 1.3480, 1.3505, 1.3558
What it said to watch
H1 close below 1.34650 opens the path to 1.3450 strong support
Reclaim of the 1.3480 pivot would ease the pullback read
UK labour data Mon 06:00 UTC could materially shift this read
19:01 UTC
Pullback within this-week uptrend · RSI 41 · price 1.34721
Lower highs since Wed peak, testing pivot.
GBP squeezed violently higher Wednesday into the NY session, tagging a week high at 1.3558 on the UK fiscal-discipline/BoE-hawkish narrative, before fading steadily through Thursday. Price has since carved lower highs and now trades below EMA(20), with RSI(14) around 40 as the pullback unwinds part of the week's rally. Demand around 1.3465 is being probed after the run of losses from the peak.
Support: 1.3465, 1.3450
Resistance: 1.3505, 1.3558
What it said to watch
H1 close below 1.3450 confirms a deeper unwind of the week rally
Reclaim of the 1.3505 EMA20 / 1.3510 lower high needed to stall the pullback
UK labour data Mon 06:00 UTC and US UoM inflation expectations Fri 14:00 UTC could reshape this read
Lower highs since week high, retracing the week's rally.
GBPUSD ripped to a week high near 1.3558 on the UK fiscal-discipline squeeze, but that level rejected and price has since ground lower into the NY session, now back below EMA20 and EMA50 and sitting on the 50% retrace of the week's impulse around 1.3468. A firmer USD late on safe-haven flows and mixed-but-solid US data has aided the pullback, with RSI(14) cooling from overbought toward the high-30s. The 1.3480 pivot has flipped to intraday resistance while demand is being probed near 1.3460.
Support: 1.3460, 1.3450
Resistance: 1.3480, 1.3520, 1.3558
What it said to watch
H1 close below 1.3450 confirms a deeper unwind of the week's rally
Reclaim of the 1.3480 pivot would ease the corrective read
UK labour data Mon 06:00 UTC could materially shift this read
Lower highs since Thursday peak, testing weekly mid.
GBPUSD spiked to a multi-month high at 1.35579 mid-week on the fiscal-relief squeeze, then rolled over through the NY session as the move stalled. Price has since carved lower highs and now trades below EMA(20) and EMA(50) with RSI(14) cooling toward the high-30s, unwinding roughly half of the week's impulse. The 1.34596 swing low is the immediate floor with the 1.3450 zone marked as strong support beneath it.
Support: 1.34596, 1.3450, 1.3420
Resistance: 1.3510, 1.35186, 1.35579
What it said to watch
H1 close back above 1.3510 EMA20 negates the pullback read
Failure to hold 1.34596 opens the path toward the 1.3450 support
UK labour data Mon 06:00 UTC could reset this week's squeeze read
17:02 UTC
Uptrend, pulling back from highs · RSI 36 · price 1.34648
Higher highs into 1.3558 peak, now correcting lower.
GBP squeezed to a two-month high near 1.3558 on the fiscal-relief/hawkish-BoE bid before rolling over through the NY session, shedding roughly 90 pips into the close and slipping below EMA(20) around 1.3520. The broader week remains an uptrend off Wednesday's 1.3342 low, but the latest leg lower has price probing the 1.3450 pivot with RSI(14) cooling toward 36. The 1.3480 area has flipped to overhead resistance after the break.
Support: 1.3450, 1.3400
Resistance: 1.3480, 1.3520, 1.3558
What it said to watch
H1 close below 1.3450 confirms a deeper pullback toward 1.3400
Reclaim of 1.3520 re-opens the 1.3558 week high
UK labour market data Mon 06:00 UTC could reset this read
17:02 UTC
Uptrend, pulling back · RSI 39 · price 1.34648
Impulse high then corrective lower highs.
GBP ran a violent squeeze into 1.3558 on UK fiscal-discipline hopes and hawkish BoE pricing, then rolled over into a steady pullback that has broken back below EMA20 and the 1.3480 pivot. Price now sits at 1.34648 with RSI(14) sub-40, testing session lows just above the 1.3450 support shelf. Lower highs since the peak show the impulse cooling rather than reversing outright.
Support: 1.34644, 1.3450
Resistance: 1.3480, 1.3515, 1.35579
What it said to watch
Failure to hold 1.3450 opens a deeper unwind of the week's rally
Reclaim of 1.3515 (ema20) would neutralise the pullback
UK labour data Mon 06:00 UTC could reset the read given overbought squeeze
16:02 UTC
Uptrend, momentum cooling · RSI 43 · price 1.3482
Pullback from week high after squeeze.
GBPUSD ran hard Wednesday into Thursday on the Mahmood/political de-risking short squeeze, tagging a two-month high near 1.3558 before rejection capped the move. Price has since retraced through the NY session and slipped under EMA20 back toward 1.3480, roughly a 38% pullback of that impulse, with RSI cooling off from overbought. The week's higher-low structure still holds above 1.3450.
Support: 1.3450, 1.3480
Resistance: 1.3558, 1.3590
What it said to watch
H1 close below 1.3450 breaks this week's higher-low structure
Reclaim of 1.3558 reopens the path toward the 1.3590 pivot
UK jobs (Tue) and Core CPI (Wed) are the key catalysts for the squeeze read
US Michigan sentiment Friday could shift the USD side
16:01 UTC
Uptrend, momentum fading · RSI 41 · price 1.3482
Pullback after impulsive rally to 2-month high.
A powerful short-squeeze rally Tuesday into Wednesday's NY session drove GBPUSD to a two-month high near 1.3558 on UK political de-risking and firm data. Since that peak price has rolled over, slipping below EMA(20) with RSI cooling from overbought toward 40. Price is now testing the 1.3480 support flagged as the first shelf below the squeeze high.
Support: 1.3480, 1.3450
Resistance: 1.3558
What it said to watch
Hold or loss of 1.3480 defines whether the pullback deepens toward 1.3450
Reclaim of 1.3558 week high needed to resume the squeeze
UK jobs report Tue 06:00 UTC and Michigan sentiment Fri could shift this read
15:02 UTC
Uptrend, correcting from week high · RSI 42 · price 1.34887
Pullback after impulse to 1.3558.
Sterling ran a clean impulse this week off the 1.3342 low to a two-month high near 1.3558, driven by the collapse in UK fiscal risk premium and a broadly softer USD after the week's soft CPI/PPI. Since that peak price has faded through the NY session, slipping under EMA(20) and losing the 1.3500 round with RSI(14) cooling to the low 40s. The 1.3480 week-support zone is now the first structural test of the pullback.
Support: 1.3480, 1.3450
Resistance: 1.3500, 1.3524, 1.3558
What it said to watch
H1 close below 1.3480 opens the 1.3450 swing low
Reclaim of 1.3500 re-engages the 1.3558 week high
Fed speakers today (Logan/Schmid/Jefferson) could shift USD tone
Higher highs, first meaningful pullback from week high.
GBPUSD ripped from the 1.3342 base to a two-month high at 1.3558 through Tuesday-Wednesday, driven by UK political de-risking and soft US PPI dragging the dollar to four-week lows. Since that peak price has bled back to 1.3488, slipping below EMA20 with RSI(14) cooling out of overbought, while EMA50 still sits below as underlying support. Pullback is holding around the 38.2% retrace of the week's impulse.
Support: 1.34869, 1.3450, 1.34091
Resistance: 1.3530, 1.35579
What it said to watch
H1 close below 1.34869 opens the path toward 1.3450
Reclaim of 1.3530 puts the 1.3558 week high back in play
UK labour data Jul 21 could materially shift this read
GBPUSD ran to a two-month high at 1.3558 during Wednesday's NY session as soft US PPI kept Fed hike bets fading and sterling firmed on rising BoE pricing. Price has since consolidated and slipped below EMA20, easing back toward the 1.34974 session low; rejection at 1.3558 has capped the top. RSI has cooled off overbought territory back toward the midline as the pullback develops.
Support: 1.34974, 1.3480, 1.3450
Resistance: 1.3524, 1.35579
What it said to watch
Reclaim of EMA20 near 1.3524 would re-engage the week high at 1.3558
Loss of 1.34974 session low shifts tone toward the 1.3480 pivot
UK jobs data Tue 06:00 GMT could materially shift this read
13:02 UTC
Uptrend, momentum fading · RSI 42 · price 1.34984
Pullback from week high after strong impulse.
Cable ripped over 1% this week, clearing 1.3400 and peaking near 1.3558 as a soft US PPI print gutted the dollar. Price has since rolled off the highs, slipping back under the H1 EMduring20 near 1.3525 with RSI cooling from overbought as the rally stalls into lower highs. Demand around 1.3493 held the first probe; the broader impulse from 1.3342 remains intact above 1.3450.
Support: 1.34931, 1.3450, 1.3400
Resistance: 1.3525, 1.3558
What it said to watch
Loss of 1.3493 session low opens the 1.3450 support region
Reclaim of the 1.3525 ema20 would re-engage the week high at 1.3558
UK labour data Tue 21 Jul could reprice the overbought sterling move
13:02 UTC
Uptrend, pulling back from week high · RSI 44 · price 1.34984
Retracement after impulsive rally, below EMA20.
Cable ripped over 1% into the NY session after the soft US PPI print, peaking at the 1.3558 week high before rolling over. Price has since slipped back under EMA20 and is retracing the week's impulse, now testing the 1.3493 day low while holding above EMA50. Lower highs since the peak have capped bounces around the 1.3544 session cap.
Support: 1.34931, 1.3450
Resistance: 1.3544, 1.35579
What it said to watch
A close back above 1.3544 reopens the 1.3558 week high
Failure to hold the 1.3493 day low exposes 1.3450 prior support
UK jobs data Tue 21 Jul could materially shift this read
Cable surged over 1% into Wednesday's NY session as soft US PPI hammered the dollar, tagging a week high at 1.3558 before stalling sub-1.3560. Price has since faded back under the EMA(20) with RSI(14) cooling off overbought toward 47, though the broader move off 1.3380 still holds above the EMA(50). The 1.3558 area capped the advance and remains the level to watch for another test or rejection.
Support: 1.34931, 1.3450, 1.3400
Resistance: 1.35579, 1.3590
What it said to watch
US Retail Sales at 12:30 UTC could materially shift this read
H1 close below 1.3493 confirms a lower-low
Reclaim above 1.3558 reopens the path toward 1.3590
Cable surged over 1% into yesterday's NY session, driven by USD weakness after the soft US PPI print, printing a 2-month high at 1.35579 before stalling. Price has since drifted back below the H1 EMA20 (~1.35320), testing the session low at 1.34931 and the 1.35000 round number as the rally consolidates. RSI has cooled toward 44 as the pullback unwinds the overbought push into the week high.
Support: 1.34931, 1.3500
Resistance: 1.3532, 1.3540, 1.35579
What it said to watch
US Retail Sales at 12:30 UTC could materially shift this USD-led read
Loss of 1.34931 session low confirms a deeper retrace of the week's impulse
Reclaim of the 1.35320 ema20 puts the 1.35400 prior high back in play
H1 close above 1.35579 week high signals resumed advance
Cable ripped higher through Wednesday's NY session, clearing the 1.3400 handle and running to a 1.3558 week high after the soft US PPI print gutted the Dollar. Price has since stalled under the 1.3550 cap and drifted back toward the 1.3500 round number through quiet Asia hours, with EMA20 now capping. The broader breakout structure holds but near-term momentum has cooled with RSI back below 50.
Support: 1.3500, 1.3428, 1.3400
Resistance: 1.3550, 1.3558
What it said to watch
US Retail Sales at 12:30 UTC today could materially shift this read
Hourly close below 1.3500 opens the 1.3428 breakout retest
Reclaim of the 1.3550 cap needed to re-engage the week high
Higher highs into 1.3557, now retracing below EMA20.
Cable ripped over 1% through Wednesday's NY session, breaking the 1.3400 handle and topping out at 1.3557 as a soft US PPI print gutted the Dollar. Momentum has since faded: price stalled repeatedly under the 1.3550 cap and has now slipped back below EMA20 to test the 1.3500 round number. RSI has cooled from the rally into the low-40s as the pullback develops.
Support: 1.3500, 1.3471, 1.3435
Resistance: 1.3533, 1.3550, 1.3557
What it said to watch
US Retail Sales at 12:30 UTC today could materially shift this read
Loss of 1.3500 round number opens the path toward the 1.3471 swing low
Reclaiming EMA20 near 1.3533 would re-expose the 1.3557 week high
UK jobs data Jul 21 is the next major structural risk
Cable rallied over 1% this week, clearing 1.3400 into a 1.3558 high during Wednesday's NY session as a soft US PPI print gutted the dollar. Price has since faded to the 1.3500 handle, slipping back below EMA(20) with RSI(14) cooling toward the low 40s. The 1.3532 EMA(20) now caps, while 1.3500 keeps the week's gains intact.
Support: 1.3500, 1.3441
Resistance: 1.3532, 1.35579
What it said to watch
H1 close back above 1.3532 EMA(20) reopens the path to the 1.3558 week high
Loss of 1.3500 psych exposes the 1.3441 breakout base
UK jobs (Mon) and CPI (Tue) are the key tests of fully-priced BoE hike bets
Cable ripped higher into Tuesday's NY session on the US PPI miss, tagging a 1.3558 week high before stalling under the 1.3540 cap as a safe-haven USD bid returned. Price has since rolled back beneath EMA(20) toward the 23.6% fib of the week's impulse near 1.3505, with RSI(14) cooling into the mid-40s. The broader up-move off last week's 1.3342 low holds while price sits above EMA(50).
Support: 1.3505, 1.3476, 1.3435
Resistance: 1.3525, 1.3540, 1.35579
What it said to watch
H1 close below 1.3505 (23.6% fib) opens deeper retrace toward the 1.3476 swing low
Reclaim of the 1.3540 cap and EMA(20) would reassert the run at the 1.3558 week high
US Retail Sales at 12:30 UTC could shift the USD-led read into the next bars
UK jobs (Mon) and CPI (Tue) are the week's key tests of BoE hike pricing
Cable ripped ~1% higher through Wednesday's NY session after the soft US PPI print gutted the Fed bid, spiking to 1.35579 before stalling just under 1.3550. Price has since drifted into a tight consolidation, slipping below EMA(20) with RSI(14) cooling to the mid-40s as safe-haven USD demand on the Iran headlines capped the upside. Demand held twice around 1.3519 while lower highs have formed under the stall zone.
Support: 1.35186, 1.3500, 1.3478
Resistance: 1.3550, 1.35579, 1.3637
What it said to watch
H1 close above 1.35579 reopens the path toward 1.3637
Failure to hold 1.3519 exposes the 1.3500 psych handle and 1.3478 breakout base
US Retail Sales 12:30 UTC could materially shift this read
Cable ripped through the 1.3400 handle in a single session on the soft US PPI print, printing a week high at 1.3557 before stalling. Price has since drifted into a tight consolidation around 1.3520, holding well above EMA20 and EMA50 with RSI(14) cooling back toward 50. The 1.3550 area has capped two attempts this week and the 1.3519 session floor is now the immediate pivot.
Support: 1.35186, 1.3500, 1.3400
Resistance: 1.3544
What it said to watch
US Retail Sales 12:30 UTC today could materially shift this read
H1 close above 1.3557 opens continuation of the week rally
Failure to hold 1.35000 confirms a deeper pullback toward the 1.3400 handle
Cable surged over 1% through the 1.3400 handle after soft US PPI gutted Fed-hike bets, peaking at 1.3558 before stalling in the 1.3550 zone. Price has since gone sideways above EMA20 with RSI(14) cooling off its highs, consolidating this week's impulse rather than extending it. The 1.3550 area has capped the advance while dips have held above the 1.3519 session low.
Support: 1.3519, 1.3520, 1.3400
Resistance: 1.3550, 1.3558
What it said to watch
US Retail Sales at 12:30 UTC could shift this read
A clean H1 close above 1.3550 opens the path toward fresh highs beyond 1.3558
Failure to hold the 1.3519 session low / EMA20 would break the higher-low sequence
Cable surged over 1% through the 1.3400 handle after soft US PPI gutted Fed-hike bets, then stalled just under 1.3550 where two attempts have been capped. Since the Wednesday spike price has coiled in a tight 1.3520-1.3542 range, holding well above the rising EMA(20) with RSI cycling in the mid-50s. In-line UK GDP this morning left the structure untouched.
Support: 1.3519, 1.3500, 1.3400
Resistance: 1.3550, 1.3558
What it said to watch
Clean H1 close above 1.3550 stall zone opens the 1.3558 week high and beyond
Loss of 1.3519 swing low would break the consolidation and expose 1.3500
US Retail Sales at 12:30 UTC could materially shift this read
Cable ripped through the 1.3400 pivot and 200-DEMA after yesterday's soft US PPI miss, running roughly +1% to a 1.35579 week high before stalling. Price has since coiled below the 1.3550 cap, holding well above EMA20 and EMA50 with RSI cycling in the 55-65 zone. The move remains USD-led rather than sterling-specific.
Support: 1.3519, 1.3500, 1.3480
Resistance: 1.3550, 1.35579
What it said to watch
H1 close above 1.3550 cap confirms breakout continuation toward fresh highs
US Retail Sales at 12:30 UTC could materially shift this read
Failure to hold the 1.3519 session low opens the path back to 1.3500 psych
Cable ripped through the 1.3400 pivot and 200-EMA into the NY session yesterday on the soft US PPI miss that followed Tuesday's cooler CPI, tagging a 1.3558 week high before stalling. Price has since drifted sideways just under the 1.3550 cap with RSI cooling off overbought, holding well above EMA20/EMA50. The advance remains USD-led rather than sterling-specific.
Support: 1.35194, 1.3510, 1.3400
Resistance: 1.35579, 1.3550
What it said to watch
H1 close above 1.3550 confirms the breakout toward fresh highs
US Retail Sales at 12:30 UTC today could materially shift the USD-led read
Loss of 1.3510 ema20 opens the retest toward the 1.3400 pivot
06:01 UTC
Uptrend, momentum slowing · RSI 58 · price 1.3533
Higher highs, consolidating below week high.
Cable cleared the 200-day/1.3400 barrier that had capped it for two weeks, ripping to a 1.3579 week high through the NY session as soft US CPI and PPI misses hammered the dollar. Price is now consolidating around 1.3530, holding well above EMA(20) with RSI(14) cooling from the highs. The 1.3519–1.3548 range has contained the pullback since the impulse stalled.
Support: 1.3519, 1.3475, 1.3400
Resistance: 1.3548, 1.3579
What it said to watch
H1 close above 1.3579 week high extends the move toward 1.3600
Break below 1.3519 range floor signals the impulse is unwinding
US Retail Sales 12:30 UTC could materially shift this read
06:01 UTC
Uptrend, momentum cooling · RSI 62 · price 1.3533
Higher highs, consolidating below week high.
Cable cleared the 200-day/1.3400 barrier during the NY session yesterday after the soft US PPI print, extending the disinflation-driven rally to a week high at 1.3558. Price is now consolidating just above 1.3500 with RSI(14) easing back from overbought, holding well above EMA20 and EMA50. The move remains the dominant structure of the week; pullbacks have so far held near 1.3520.
Support: 1.3519, 1.3500, 1.3436
Resistance: 1.3558
What it said to watch
UK GDP/production 06:00 UTC and US Retail Sales 12:30 UTC could materially shift this read
H1 close below 1.3500 exposes 1.3436 prior swing
Break and hold above 1.3558 week high extends the impulse
Cable ripped through the 1.3400 200-day barrier into the NY session yesterday, extending the soft US CPI/PPI dollar-off move to a week high at 1.3558. Price is now consolidating in a tight 1.3519-1.3558 band with RSI(14) easing back below 65, holding well above EMA20. The dominant leg was one clean NY impulse rather than a grind, leaving this week's gains parked at the highs.
Support: 1.3519, 1.3500, 1.3436
Resistance: 1.3558, 1.3548
What it said to watch
UK GDP at 06:00 UTC today (f/c +0.1%) can shift this read on the next bars
US Retail Sales 12:30 UTC is a further intraday risk
Hourly close above 1.3558 week high opens 1.3600
Loss of 1.3519 session low signals deeper pullback toward 1.3500
Cable ripped roughly 200 pips through the 200-day near 1.3400 on Wednesday's NY session after the soft US PPI print stacked on Tuesday's cool CPI, tagging 1.35579 before stalling. Price is now consolidating in a tight 1.3520-1.3558 band, holding well above EMA20 with RSI(14) easing back from overbought. The 1.3500 psych level is now the pivot beneath a stretched move.
Support: 1.35194, 1.3500, 1.3440
Resistance: 1.35579, 1.3544
What it said to watch
UK GDP at 06:00 UTC could drive the next leg; a miss threatens the 1.3500 hold
US Retail Sales at 12:30 UTC could shift the USD read materially
H1 close below 1.35194 breaks this-week's rising higher-lows
Break above 1.35579 extends the breakout toward 1.3600
Cable ran through the 200-day barrier near 1.3400 and up to a week high at 1.35579 during yesterday's NY session, driven by a soft US PPI print stacking on Tuesday's cool CPI. Price has since drifted into a tight Asia-session range around 1.3530 with RSI(14) easing off its highs. The 1.35194 session low is holding as the first pullback pivot while 1.35487/1.35579 caps the upside.
Support: 1.35194, 1.3500, 1.3440
Resistance: 1.35487, 1.35579
What it said to watch
UK GDP at 06:00 UTC (f/c +0.1%) and US Retail Sales at 12:30 UTC could materially shift this read
H1 close back below 1.35000 psych would break the this-week higher-low structure
A clean break of 1.35579 week high extends the uptrend
Cable ran roughly 1.5% off Wednesday's 1.33804 base into the NY session, clearing the 200-day/1.3400 barrier that had capped every recovery, driven by soft US CPI and PPI knocking the Dollar broadly. Price now consolidates just under the 1.35579 week high with RSI(14) easing back from the highs but holding above 50 and well above both EMAs. The 1.35000 round level, now flipped below spot, is the first pullback reference.
Support: 1.35194, 1.3500, 1.3400
Resistance: 1.35579
What it said to watch
UK GDP at 06:00 UTC and US Retail Sales at 12:30 UTC could materially shift this read
H1 close above 1.35579 opens the path toward 1.3600
Failure to hold 1.35000 exposes the 200-day near 1.3400 as a retest
GBPUSD accelerated through the NY session, clearing the 200-day/psych 1.3400 barrier and running to a week high at 1.35579 as back-to-back soft US CPI and PPI prints knocked the dollar. Price has since drifted off the high into thin Asia hours, holding above the breakout base near 1.3435 with RSI(14) cooling from stretched levels but still above 50. The move sits well above EMA(20) and EMA(50), leaving the pullback shallow relative to the impulse.
Support: 1.35194, 1.3435, 1.3400
Resistance: 1.35579
What it said to watch
UK GDP in ~3.5h could test the bullish narrative and reprice the move
Loss of the 1.35194 session low would mark the first lower-low since the breakout
A clean hold above 1.3500 keeps the week-high retest in play toward 1.35579
GBPUSD ran a clean NY-session impulse yesterday, clearing the 1.3400 barrier and stretching to a 1.3558 week high as soft US CPI/PPI trimmed Fed hike pricing. Price is now consolidating just below that high with RSI cooling from overbought, holding well above both EMAs. The 1.3520 session low is the near pivot; 1.3400 marks the reclaimed 200-day EMA below.
Support: 1.35194, 1.3470, 1.3400
Resistance: 1.35579, 1.35487
What it said to watch
UK GDP at 06:00 UTC (~3.5h) could test the bullish narrative
A close back below 1.3520 session low signals the impulse is stalling
Acceptance above 1.3558 week high opens continuation
Breakout above 200-day cap, consolidating near highs.
Cable ripped through the 200-day cap at ~1.3400 during the NY session, driven by soft US CPI/PPI misses that pared Fed pricing, tagging a week high at 1.3558. Price is now consolidating just below that peak, holding well above EMA20 and EMA50 with RSI(14) cooling from stretched levels into the mid-60s. The weekly low at 1.3342 anchored the base before the impulse; 1.3400 has flipped from cap to reference support.
Support: 1.35255, 1.3448, 1.3400
Resistance: 1.35579, 1.3544
What it said to watch
UK GDP at 06:00 UTC today could materially shift this read
H1 close above 1.3558 week high opens continuation
Failure to hold 1.3400 200-day would negate the breakout
Higher highs and higher lows, breakout above 1.3400.
Cable broke decisively through the 200-day cap at ~1.3400 into the NY session, extending to a week high at 1.35579 on soft US CPI/PPI and hawkish-BoE repricing. Price is now consolidating just below that high with RSI(14) cooling from overbought while holding well above EMA(20) and EMA(50). Demand has stepped in around 1.3526 on the pullback, keeping the breakout structure intact.
Support: 1.35255, 1.3500, 1.3445
Resistance: 1.35579, 1.3400
What it said to watch
UK GDP at 06:00 UTC could materially shift this read
H1 close back below 1.3500 would question the breakout extension
Reclaim of 1.35579 opens the path to fresh week highs
Cable cleared the 200-day at 1.3400 during the NY session yesterday and ran sharply to a week high at 1.3558, powered by the soft US CPI/PPI misses that pressed the dollar. Price has since gone sideways just under that high, holding above the breakout base near 1.3450 with RSI(14) easing off but staying above 60. The session low at 1.3527 marks the near-term floor of this post-breakout consolidation.
Support: 1.3527, 1.3450, 1.3400
Resistance: 1.3558
What it said to watch
UK GDP at 06:00 UTC could materially shift this read
H1 close above 1.3558 week high opens continuation higher
Failure to hold 1.3527 session low would signal a deeper pullback toward the 1.3450 breakout base
01:01 UTC
Uptrend, extended after breakout · RSI 70 · price 1.35344
Higher highs, consolidating near week high.
Cable ripped through the 1.3400 200-day cap and the 1.3500 psych level into the NY session, printing a week high at 1.35579 on hawkish-BoE bets plus the soft US CPI/PPI prints. Price is now consolidating in a tight 1.353–1.354 band just under the high with RSI(14) elevated near 70. The move sits well above EMA20 and EMA50, and the 1.3500 handle is the first pullback reference.
Support: 1.35273, 1.3500, 1.3440
Resistance: 1.35579, 1.35443
What it said to watch
UK GDP at 06:00 UTC (Thu) could materially shift this read; a miss risks a fade back below 1.3500
Loss of 1.35273 session low would open the 1.3500 psych level
Cable ground sideways below the 200-day near 1.3400 for most of the week before a sharp NY-session impulse cleared the level and drove to a week high of 1.3558, helped by a softer USD after this week's cool US CPI/PPI prints. Price is now consolidating in a tight 1.3527–1.3558 band with RSI(14) elevated but flattening. The 200-day, repeatedly capping earlier recoveries, now sits well below as prior resistance.
Support: 1.35274, 1.34223, 1.3400
Resistance: 1.35579, 1.3550
What it said to watch
UK GDP at 06:00 UTC (~6h) is the near-term swing factor for this read
Hold above the 1.35274 session low keeps the breakout structure intact
A close back below 1.3400 (200-day) would negate the breakout
Cable ripped higher through Wednesday's NY session, clearing the 200-day SMA ~1.3400 that had capped every recovery this week after soft US CPI and PPI misses kept the dollar heavy. Price printed a week high at 1.35579 and is now consolidating in a tight band near 1.3538 with RSI(14) elevated but flattening. The breakout zone around 1.3440 has flipped to support after the impulse.
Support: 1.35257, 1.3500, 1.3440
Resistance: 1.35579, 1.3600
What it said to watch
UK GDP at 06:00 UTC (~6.5h) is the near-term swing factor and can shift this read
H1 close above 1.35579 extends the impulse toward the 1.3600 psych level
Failure to hold 1.35000 opens a retest of the 1.3440 breakout zone