Cable spiked to 1.3556 midweek on the GBP short-squeeze then faded two sessions toward 1.3426 as the USD firmed on safe-haven flows and solid US data. Price has since carved a double bottom around 1.3426-1.3428 and recovered above EMA(20), holding the 1.3450 range floor, with RSI(14) lifting back through 50. EMA(50) near 1.3480 remains the immediate overhead cap.
Support: 1.3450, 1.3426
Resistance: 1.3480, 1.3556
What it said to watch
Reclaim of 1.3480 (EMA50) would ease the pullback and reopen 1.3556 week high
Failure to hold the 1.3450 range floor exposes the 1.3426 week low
UK jobs Tue 06:00 UTC could materially shift this read
Pullback off week high, consolidating above 1.3450.
Cable's political-relief short squeeze peaked at 1.3558 midweek before two sessions of give-back into a firmer USD dragged price to 1.3426 — roughly the 61.8% retrace of the Monday-to-peak impulse. Price has since carved higher lows and is holding above the 1.3450 range floor, sitting back above EMA(20) but capped under EMA(50) near 1.3478. RSI(14) has recovered off oversold to the low-50s as the decline flattens.
Support: 1.3450, 1.34259, 1.3452
Resistance: 1.3478, 1.3508, 1.35579
What it said to watch
UK jobs Tue 06:00 UTC could break the 1.3450 range floor or drive a retest of 1.3556
H1 close below 1.34259 confirms a lower-low and deeper give-back
Reclaim of EMA(50) near 1.3478 opens 1.3508 and the 1.3556 week high
Lower highs since 1.3558, basing near range floor.
GBPUSD rallied to a weekly peak of 1.3556 midweek on collapsing UK political-risk premium, then faded two sessions to 1.3426 as a firmer USD drew safe-haven bids on Middle East headlines. Price is now consolidating just above the 1.3450 range floor, holding EMA20 while still capped below EMA50 and a chain of lower highs. RSI has recovered to mid-range as the give-back pauses.
Support: 1.3450, 1.3426
Resistance: 1.3480, 1.3556
What it said to watch
Hourly close below 1.3426 confirms a lower low and deeper give-back
Reclaim of 1.3480 near-term cap reopens the path to the 1.3556 weekly high
UK jobs Tue 06:00 UTC and CPI Wed could materially shift this read
Consolidating above range floor after lower highs.
Cable spiked to 1.3558 on the political-relief short squeeze, then rolled over into a two-day give-back to 1.3426 as the USD firmed on safe-haven bids. Price is now consolidating either side of the 1.3450 range floor, having reclaimed EMA(20) but holding below EMA(50), with RSI(14) hovering near 50 after basing. The rejection at 1.3558 marked the week's high and a sequence of lower highs has framed the decline.
Support: 1.3450, 1.3426, 1.3400
Resistance: 1.3474, 1.3520
What it said to watch
H1 close below 1.3426 confirms a lower low and deeper give-back
Reclaim of 1.3474 opens the path back to the 1.3520 range top
UK jobs Tue 06:00 UTC could materially shift this read
Two-day give-back off the peak, now consolidating above range floor.
Sterling's short-squeeze rally stalled at 1.3556 mid-week and has bled lower for two sessions to 1.3426 as the USD firmed on safe-haven flows. Price is now consolidating in the 1.3426–1.3480 band, hovering around the EMA(20) with RSI(14) back at the mid-line after cooling from the highs. The sequence of lower highs off 1.3556 keeps the near-term structure corrective, while demand at the 1.3450 range floor has so far held.
Support: 1.3450, 1.3426
Resistance: 1.3480, 1.3556
What it said to watch
UK jobs Tue 06:00 UTC could materially shift this read
H1 close below 1.3426 confirms a lower low and opens deeper consolidation
Reclaim of 1.3480 lower-high band challenges the corrective sequence toward 1.3556
Cable's GBP short-squeeze rally stalled at the 1.3556 week high and has faded two sessions as the USD firmed on safe-haven flows. Price is now grinding in a 1.3427–1.3456 consolidation, hovering around EMA(20) but still capped below EMA(50), with RSI(14) recovering back toward the 50 midline. The 1.3556 peak has rejected once and remains the dominant topside marker for the week.
Support: 1.3450, 1.34259, 1.3405
Resistance: 1.3510
What it said to watch
Loss of 1.3427 confirms a lower low and opens deeper give-back toward 1.3405
Hourly close back above 1.3510 reopens the 1.3556 week high
UK jobs Tue 06:00 UTC is the week's directional catalyst for this range
Cable stalled at the 1.3556 week high on Wednesday's push and has given back two sessions as the USD firmed on safe-haven flows. Price is now consolidating just above the 1.3450 range floor, capped by a sequence of lower highs and trading below the H1 EMA(50). RSI(14) has recovered back toward 50 after basing near the 1.34259 pullback low.
Support: 1.3450, 1.34259
Resistance: 1.34806
What it said to watch
H1 close below 1.3450 opens deeper give-back toward the 1.34259 swing low
Reclaim of 1.34806 needed to break the lower-high sequence
UK jobs Tue 06:00 UTC could materially shift this read
17:02 UTC
Pullback within this-week uptrend · RSI 52 · price 1.34562
Lower highs off 1.3556, basing near 1.3430.
Cable's short-squeeze rally stalled at 1.3556 mid-week and has since bled lower across two sessions as the USD firmed on safe-haven flows, printing a chain of lower highs into the NY session. Demand has stepped in twice around 1.3426, and price is now recovering to reclaim the EMA(20) near 1.3455 with RSI(14) cycling back toward the mid-line. The 1.3450 area — UOB's cited consolidation floor — is the pivot the week is coiling on.
Support: 1.3450, 1.3426
Resistance: 1.3510, 1.3556
What it said to watch
H1 close below 1.3426 confirms a lower-low and opens deeper give-back
Reclaim of 1.3510 puts the 1.3556 week high back in view
UK jobs Tue 06:00 UTC could materially shift this read
Cable has faded for a second day off the 1.3556 week high, printing lower highs and lower lows as the USD firmed on safe-haven demand and solid US data. Price now sits below both EMA(20) and EMA(50) with RSI(14) cycling in the low 40s, and the 1.3450 UOB range floor has given way to trade at 1.3444. The rally-back attempt into the NY session stalled under 1.3455, keeping the corrective read intact.
Support: 1.3426, 1.3400
Resistance: 1.3450, 1.3520, 1.3556
What it said to watch
Hourly close below 1.3426 confirms a fresh lower-low and deeper give-back
Reclaim of 1.3520 would neutralise the corrective structure
UK jobs Tue 06:00 UTC and CPI Wed 06:00 UTC could materially shift this read
16:01 UTC
Pullback within this-week uptrend · RSI 45 · price 1.34442
Lower highs since 1.3558 peak.
The short-squeeze rally stalled at 1.3558 midweek and has bled lower for two sessions, with price now trading beneath both EMA(20) and EMA(50) as the USD firmed on safe-haven bids. The former 1.3450 range floor now caps rebounds, and RSI(14) is sitting in the mid-40s after failing to reclaim 50. Successive lower highs off the peak define the near-term structure.
Support: 1.3426, 1.3400
Resistance: 1.3451, 1.3510
What it said to watch
UK jobs Tue 06:00 UTC is the next material catalyst for this read
Hourly close below 1.3426 confirms a fresh lower low
Reclaim of 1.3451 range floor would neutralise the pullback and reopen 1.3510
Cable peaked near 1.3558 mid-week on the GBP short-squeeze then rolled over, carving lower highs into the NY session as the USD found a safe-haven bid; price now sits below EMA20 and EMA50 at 1.3445, having tagged the 61.8% retrace of the week's impulse. The week low at 1.34259 has held once, with 1.3400 the next round-number reference below. Resistance at 1.34806 capped the last bounce.
Support: 1.34259, 1.3400
Resistance: 1.34806, 1.3510, 1.35579
What it said to watch
H1 close below 1.34259 confirms a lower low toward 1.3400
Reclaim of 1.34806 would break the sequence of lower highs
UK labour data Tue 06:00 UTC is the week's key GBP catalyst
Cable rolled over from the 1.3558 week high through Wednesday's NY session and has printed successive lower highs, with the pullback driven by a broad USD safe-haven bid on US-Iran headlines. Price is pinned just under the 1.3450 pivot and below both EMA20 and EMA50, with RSI(14) around 43 after a shallow bounce off the 1.3426 swing low. Demand stepped in twice near 1.3426, keeping the base intact for now.
Support: 1.3426, 1.3400
Resistance: 1.3450, 1.3474, 1.3558
What it said to watch
H1 close below 1.3426 confirms a lower low and opens the 1.3400 psych area
Reclaim of 1.3474 lower high needed to challenge the pivot's dominance
UK labour market data Tue 06:00 UTC is the week's key GBP catalyst and can reshape this read
14:01 UTC
Off the highs, pulling back · RSI 44 · price 1.3451
Lower highs since Thursday's peak.
Cable rallied to a 1.3556 week high on the sterling short-squeeze before fading a second day toward 1.3430 as a safe-haven USD bid and a soft UK Industrial Production print (-0.5%) undercut the pound. H1 has printed lower highs since Thursday's peak with price back below EMA20 and EMA50 and RSI(14) sub-50. A modest NY-session bounce off 1.3426 has lifted spot to 1.3451, still capped under the broken 1.3520 range top.
Support: 1.3426, 1.3400
Resistance: 1.3520, 1.3556
What it said to watch
H1 close above 1.3520 range top reopens the path to the 1.3556 week high
Failure to hold 1.3426 swing low confirms a lower-low toward 1.3400 psych
UK labour data Tue 06:00 GMT could materially shift this read
Cable failed at 1.3556 midweek and has drifted lower for two sessions, now testing the 1.3450 range base that has capped the week's downside. USD safe-haven flows on US-Iran headlines plus a soft UK Industrial Production print (-0.5%) undercut sterling, with RSI(14) cycling below 50. Price sits near the 50% retrace of the week's 1.3342-1.3556 rally.
Support: 1.3450, 1.3426
Resistance: 1.3520, 1.3556
What it said to watch
H1 close below 1.3426 confirms a lower low and opens broader consolidation
Reclaim of 1.3520 range top needed to revive upside toward 1.3556
UK jobs data Tue 06:00 GMT is high impact and could reset this read
Cable rallied hard mid-week on the Mahmood fiscal-credibility story, peaking at 1.3558 before a firmer safe-haven USD (Middle East strikes) dragged it back. Since that peak the H1 has printed successive lower highs and has now slipped through the 1.3450 prior support, with price below both EMA20 and EMA50 and RSI(14) sub-40. The 1.3426 swing low is being tested into the NY session.
Support: 1.3426, 1.3400
Resistance: 1.3450, 1.3520, 1.3558
What it said to watch
US UoM sentiment/inflation expectations at 14:00 UTC could shift the USD leg within the next bar
H1 close below 1.3426 confirms a lower low toward 1.3400
Reclaim of 1.3450 needed to challenge the 1.3520 range top again
Cable rallied hard from Monday's 1.3342 low into Wednesday's 1.35579 peak on the Mahmood fiscal-credibility short squeeze, then rolled over as a firmer USD drew safe-haven bids on Middle East escalation. Price has traded a steady series of lower highs back to 1.3432, now sitting below EMA20 and EMA50 with RSI(14) subdued near 40. The 1.3450 shelf that held as support this week has flipped to an area to watch overhead.
Support: 1.34259, 1.3400, 1.33417
Resistance: 1.3450, 1.3520, 1.35579
What it said to watch
H1 close back above 1.3450 would neutralise the lower-high sequence
Loss of 1.34259 recent low opens the path toward 1.3400
UK labour data Tue and CPI Wed are the week's key BoE inputs and could reset this read
12:02 UTC
Pullback from week high, momentum down · RSI 37 · price 1.34388
Lower highs since Tuesday peak.
Cable spiked to a two-month high near 1.3558 in Tuesday's session on the sterling short-squeeze, then rolled over for two days as USD drew a safe-haven bid on Middle East escalation. Price now trades below EMA20 and EMA50 with RSI subdued near 37, and the 1.3450 pivot has flipped to resistance. Sequence of lower highs is intact while the day low at 1.3426 is being tested.
Support: 1.34259, 1.3400, 1.3380
Resistance: 1.3450, 1.34806, 1.35579
What it said to watch
Break of 1.3426 opens the path to the 1.3400 psych level
Reclaim of the 1.3450 pivot would challenge the lower-high sequence
US UoM sentiment/inflation expectations 14:00 UTC could shift this read
UK labour data Tue could reignite the sterling bid
12:01 UTC
Pullback within broader uptrend · RSI 41 · price 1.34388
Lower highs since Wed peak, testing week's mid-range.
Cable is unwinding Wednesday's sharp squeeze to the 1.3558 week high, printing a second down-session and slipping below the H1 EMA20 near 1.3462 — a USD-driven pullback on safe-haven flows rather than fresh sterling weakness. Price is now retesting the 1.3426 swing low with RSI(14) sub-45; a break there exposes the 1.3400 round number. Lower highs have capped every bounce since the peak.
Support: 1.34259, 1.3400
Resistance: 1.3462, 1.3520, 1.35579
What it said to watch
H1 close back above 1.3462 ema20 re-opens the 1.3520 prior high
Failure to hold 1.3426 swing low confirms a lower-low toward 1.3400
US UoM sentiment/inflation expectations at 14:00 UTC could shift the USD-led read
UK labour data Tue 06:00 GMT is the key upside risk to this pullback
11:01 UTC
Pullback from weekly high, momentum down · RSI 35 · price 1.34332
Lower highs since the 1.3558 peak.
Cable's early-week short squeeze stalled at 1.3558 and has rolled over for a second day, sliding back below the 1.3500 pivot as the USD drew safe-haven demand on Middle East escalation. Price is trading under EMA20 and EMA50 with RSI(14) around 35, and the retrace off the weekly impulse now sits near the 61.8% zone at 1.3425. Lower highs into 1.3475 keep the near-term structure heavy.
Support: 1.3426, 1.3400, 1.3377
Resistance: 1.3475, 1.3500, 1.3555
What it said to watch
Reclaim of 1.3500 pivot puts the 1.3555 stall zone back in view
Loss of 1.3426 swing low confirms the next leg toward 1.3400
UoM inflation expectations at 14:00 UTC could shift the USD-led move
11:01 UTC
Pullback within week's uptrend · RSI 38 · price 1.34332
Lower highs since Wed peak.
Cable's early-week short squeeze stalled at the 1.3555 zone Wednesday and has since bled lower a second day to 1.3433 as the USD drew safe-haven demand on Middle East headlines. Price is trading below both EMA20 and EMA50 with a chain of lower highs since the peak, and RSI(14) sits sub-40 confirming the pullback momentum. The 1.3500 pivot flagged in the GBP read has flipped to overhead resistance.
Support: 1.34259, 1.3400
Resistance: 1.3470, 1.3500
What it said to watch
Reclaim of the 1.3500 pivot would put the 1.3555 stall zone back in view
Failure to hold 1.34259 day low opens the path toward 1.3400 psych
UK labour data Tue 06:00 GMT could materially shift this read
Cable rallied on the sterling short-squeeze to a two-month high near 1.3558 midweek, then faded as a safe-haven USD bid (Iran risk-off) and a soft UK Industrial Production miss capped the move. Price now trades below EMA20 and EMA50, carving lower highs since Wednesday's NY peak with RSI(14) rolling under 40. The retracement has reached the 61.8% area of the week's impulse around 1.3425.
Support: 1.3435, 1.3400
Resistance: 1.3468, 1.3480, 1.3558
What it said to watch
Close back above 1.3468 EMA20 needed to challenge the lower-highs sequence
Failure to hold 1.3435 day low confirms a lower low toward 1.3400
UK labour data Tue 21 Jul 06:00 UTC could materially shift this read
10:02 UTC
Pullback after uptrend stalled · RSI 38 · price 1.34402
Lower highs since midweek peak.
Cable pushed to a two-month high near 1.3558 midweek on the sterling short squeeze, then faded through Thursday into Friday as revived safe-haven dollar demand on Iran risk-off capped the move. Price is now retracing roughly 62% of that impulse and sits below EMA20 and EMA50 for the first time since the rally, with RSI(14) pressed near 38. Supply capped repeatedly at the 1.3555 stall zone while the pullback probes the 1.3435 day low.
Support: 1.34354, 1.33989
Resistance: 1.3468, 1.34806, 1.35579
What it said to watch
H1 close back above 1.3468 EMA20 would ease the pullback read
Failure to hold 1.3435 day low confirms a lower-low toward 1.3399 weekly open
UK labour data Tue 06:00 UTC could materially shift this read
09:02 UTC
Downtrend since Wed peak · RSI 38 · price 1.34427
Lower highs, testing week lows.
Cable's fiscal-relief squeeze peaked mid-week near 1.3558 and has faded steadily as a firmer USD and Iran-driven risk-off capped the advance, per the digest. Price has traded below EMA(20) since the London-NY transition Thursday, printing lower highs into 1.34806 and now pressing the week's session low at 1.3440. RSI(14) sits in the high-30s, tracking the down-leg without a clear divergence.
Support: 1.34416, 1.3400
Resistance: 1.3468, 1.34806, 1.3500
What it said to watch
H1 close below 1.3440 session low exposes the 1.3400 round number
Reclaim of the 1.34806 lower high, then EMA(20), would neutralise the down-leg
UoM sentiment/inflation expectations at 14:00 UTC could materially shift the USD read
UK labour data Tue is the week's next catalyst for GBP
09:02 UTC
Uptrend stalled, pulling back · RSI 41 · price 1.34427
Lower highs since Wednesday peak.
Cable's week-long short-squeeze peaked at the 1.3550 week high on Wednesday before fading roughly a full figure as a firmer USD and Iran risk-off capped the move. Price has been carving lower highs since, trading back below EMA20 and EMA50 with RSI(14) around 41; the 1.3480 pivot has flipped to resistance and the drop through it opened the retracement toward the 1.3425 swing low. Downside has slowed near 1.3440, but the corrective structure holds while price stays under 1.3480.
Support: 1.34217, 1.3400
Resistance: 1.3480, 1.3500
What it said to watch
H1 close back above the 1.3480 pivot would neutralise the pullback
Failure to hold the 1.3425 swing low exposes the 1.3400 psych level
US UoM sentiment/inflation expectations at 14:00 UTC could shift this read
UK labour data Tue is the next major sterling catalyst
GBPUSD ran from Monday's 1.3424 week low to a two-month high near 1.3556 on the political short-squeeze, but stalled sub-1.3560 and has faded roughly 1% since, with strong US jobless claims and a firmer dollar reviving supply. Price now trades below EMA20 and EMA50 with RSI cycling in the low-40s, having lost the 1.3500 pivot. The swing low at 1.3457 is the first line holding the pullback.
Support: 1.3457, 1.3450, 1.3424
Resistance: 1.3500, 1.3556
What it said to watch
H1 close below 1.3450 psych confirms a lower low, exposing the 1.3424 week low
Reclaim of the 1.3500 pivot would neutralise the pullback read
US Michigan sentiment / inflation expectations at 14:00 UTC could shift this read
08:01 UTC
Pullback, momentum down · RSI 43 · price 1.34586
Lower highs since Wed peak.
GBPUSD has faded steadily since Wednesday's 1.3558 short-squeeze high, printing lower highs and now trading below both EMA20 and EMA50 after the USD rebound on the strong 208K jobless claims print. Price is consolidating around 1.3457, roughly the 61.8% retrace of the week's 1.3380–1.3558 impulse, with RSI(14) mid-40s reflecting the softer tone. Supply has capped each bounce beneath the 1.3480 EMA20.
Support: 1.3457, 1.3450
Resistance: 1.3480, 1.3520, 1.3558
What it said to watch
US Michigan sentiment/inflation expectations at 14:00 UTC could materially shift this read
Close below 1.3450 confirms a fresh lower low
Reclaim of 1.3480 EMA20 would neutralise the pullback
07:02 UTC
Uptrend cooling, pulling back · RSI 47 · price 1.34767
Lower highs since 1.3558 peak, holding near mid-fib support.
GBPUSD ripped from 1.3342 to a 1.3558 week high on the UK political de-risking short-squeeze, then gave back ground sub-1.3555 as resilient US data (jobless claims 208K) revived the Dollar. Price has been consolidating 1.3457-1.3480 since yesterday's NY session and is now retesting the 38.2% fib of the week's advance around 1.3476. RSI has cooled back to mid-40s and price sits back on EMA20 while trading below EMA50.
Support: 1.34568, 1.3450, 1.34755
Resistance: 1.35205, 1.35579
What it said to watch
Close below 1.3450 opens a deeper pullback toward the 50% fib zone
Reclaim of 1.3520 would re-engage the squeeze toward the 1.3558 week high
US Michigan sentiment/inflation expectations today 14:00 UTC could shift the USD read
UK jobs Tue 21 Jul is the next major event for sterling
07:02 UTC
Uptrend, pulled back and stalling · RSI 48 · price 1.34767
Lower highs since Tuesday's peak, holding above the pullback low.
Sterling's short-squeeze rally topped near 1.3558 on Tuesday before US data (strong jobless claims, Philly Fed) revived the Dollar and drove a pullback into 1.3457. Price has since ground sideways and is now bouncing off the 38.2% retof the week's impulse, sitting right around the H1 EMA(20) with RSI cycling near 47. The lower-high sequence off 1.3558 remains intact while the 1.3450 support zone caps the downside.
Support: 1.34568, 1.3450, 1.34755
Resistance: 1.3500, 1.35422, 1.35579
What it said to watch
H1 close below 1.3450 confirms a deeper lower-low and negates the recovery read
Reclaim of 1.3500 then 1.35422 lower high would re-engage the week's uptrend
UK labour market data Tue 21 Jul 06:00 UTC could materially shift this read
Lower-highs since Wed peak, retracing the week's impulse.
GBPUSD's short-squeeze rally peaked at 1.3558 in Wednesday's NY session, then rolled over into a run of lower-highs; price now sits back at the 1.3450-1.3480 support zone flagged all week. The move slipped under EMA(20) with RSI(14) below 50, marking this as a corrective retrace of the impulse off Monday's 1.3342 low. USD firmness on strong US retail sales and jobless claims has driven the pullback.
Support: 1.34568, 1.3450, 1.33782
Resistance: 1.3476, 1.3508, 1.35579
What it said to watch
Hourly close below 1.3450 confirms a deeper pullback toward the weekly open
Reclaim of 1.3508 lower-high needed to argue the pullback is done
UK labour bundle Tue 21 Jul 06:00 UTC could materially shift this read
06:02 UTC
Uptrend, pullback in progress · RSI 43 · price 1.34641
Lower highs off 1.3558 peak, holding mid-fib.
GBPUSD rallied from Monday's 1.3378 open to a 1.3558 peak midweek on the Mahmood-chancellor short-squeeze, then bled lower into NY hours as firm US retail sales and jobless claims revived the dollar. Price now sits below EMA20 around 1.3464, holding the 50% retracement of the week's impulse with a series of lower highs since the peak. RSI(14) has cooled into the low 40s as the pullback matures.
Support: 1.34568, 1.34501, 1.3378
Resistance: 1.3480, 1.3520, 1.35579
What it said to watch
H1 close back above 1.3520 reopens the path to the 1.3558 week high
Loss of the 1.3450 fib 50% opens a deeper pullback toward the weekly open
UK jobs Tue 06:00 UTC could materially shift this read
05:02 UTC
Pullback from weekly high, momentum down · RSI 42 · price 1.34589
Lower highs since Thursday peak.
Cable spiked to a 1.3558 weekly high on the Mahmood/fiscal-discipline squeeze before rolling over, and has traced lower highs since as strong US retail sales, jobless claims and Philly Fed revived the Dollar. Price now trades below both EMA20 and EMA50, hovering near the 50% retracement (~1.3450) of the mid-week impulse with RSI mid-range. The 1.3480/1.3450 support zone is the immediate battleground.
Support: 1.3457, 1.3450
Resistance: 1.3480, 1.3520, 1.3558
What it said to watch
Loss of 1.3450 support zone confirms a deeper leg lower
Hourly close back above 1.3480 (ema20) would neutralise the pullback
Michigan sentiment / inflation expectations at 14:00 UTC could shift the USD read
UK labour data Tue 06:00 GMT is the week's next catalyst
05:01 UTC
Downtrend, pullback off week high · RSI 42 · price 1.34589
Lower highs, lower lows since Wed peak.
GBPUSD rallied from Monday's 1.3342 base to a two-month high near 1.3558 on the Mahmood/fiscal-discipline short squeeze, then rolled over as strong US retail sales and jobless claims revived the Dollar. Price has printed a steady sequence of lower highs and lower lows into the NY-Asia transition, now trading below EMA20 with RSI(14) sitting in the low-40s. Demand is being tested around the 1.3457 recent low after supply capped the 1.3558 high.
Support: 1.34568, 1.3450, 1.3422
Resistance: 1.3472, 1.3500, 1.35579
What it said to watch
H1 close below 1.3450 confirms a lower low, opening the path toward the 1.3422 swing low
Reclaim of the 1.3472 ema20 and 1.3500 psych would challenge the lower-high sequence
US Michigan sentiment at 14:00 UTC could shift the USD tone driving this pullback
Lower highs off weekly high, holding support shelf.
GBPUSD ran to a weekly high near 1.3558 on Wednesday's political short-squeeze rally before a corrective pullback dragged price back to a 1.3462 support shelf, roughly the 50% retracement of that impulse. Price has slipped below EMA20 (~1.3480) with RSI(14) cycling into the low 40s; buyers have defended the 1.3462 area on repeated touches into this Asia session. The move stalls just above the 1.3450 zone flagged in the broader sterling read.
Support: 1.3462, 1.3450
Resistance: 1.3480, 1.3517, 1.3558
What it said to watch
UoM sentiment at 14:00 UTC could shift the USD side and this read
H1 close below 1.3450 confirms a deeper retrace of the week's impulse
Reclaim of EMA20 near 1.3480 and a close above 1.3517 reopens the path toward the 1.3558 week high
04:02 UTC
Correction lower after this week's rally · RSI 43 · price 1.34644
Lower highs off 1.3558 peak, basing near 1.3465.
GBPUSD surged into Wednesday's NY session on the political short-squeeze, tagging a week high at 1.3558 before rolling over into a steady sequence of lower highs. Price has since drifted below EMA(20) and EMA(50) and is now consolidating in a tight 1.3459–1.3480 band, with RSI(14) sitting mid-range after unwinding the overbought stretch. Demand has stepped in twice around 1.3460, but each bounce has been capped under the descending lower-high line.
Support: 1.3459, 1.3450
Resistance: 1.3480, 1.3508, 1.3558
What it said to watch
H1 close below 1.3450 confirms a lower low and extends the correction
Reclaim of 1.3480 then 1.3508 would break the sequence of lower highs
UoM sentiment today 14:00 UTC could shift the USD leg of this read
03:02 UTC
Uptrend, pulling back · RSI 42 · price 1.3464
Lower highs off week high.
GBPUSD's week was a one-way political short-squeeze off Monday's 1.3378 open, peaking near 1.3558 on Wednesday's NY session before rejecting. Price has drifted lower through Thursday and into Friday's Asia session, now retesting 1.3459 support with RSI in the low 40s and EMA20 capping pullbacks near 1.3490. The move has retraced roughly half of the week's impulse.
Support: 1.3459, 1.3450
Resistance: 1.3490, 1.3520, 1.3558
What it said to watch
H1 close below 1.3450 confirms a deeper retracement of the week impulse
Reclaim of 1.3520 reopens the 1.3558 week high
UoM Michigan sentiment at 14:00 UTC could materially shift this read
Retracement after squeeze rally, printing lower highs off 1.3558.
GBPUSD ripped to a two-month high near 1.3558 on Wednesday's political short-squeeze, but has since bled lower through the back half of the week, carving lower highs and slipping below EMA(20) around 1.3485. Price now sits mid-way between the 50% and 61.8% retracement of the week's impulse, with the 1.3460 session low as the immediate floor after the squeeze faded. RSI(14) has eased into the low-40s, confirming momentum has rolled over from the overbought stretch.
Support: 1.3460, 1.3450
Resistance: 1.3485, 1.3558
What it said to watch
Hourly close below 1.3450 confirms a lower low and extends the pullback
Reclaim of the 1.3485 EMA(20) would neutralise the lower-high sequence
UK jobs data Tue 06:00 UTC could materially shift this read given stretched positioning
02:01 UTC
Uptrend, pulling back from week high · RSI 43 · price 1.3467
Higher highs into 1.3558, now correcting.
The political short-squeeze drove GBPUSD from the 1.3342 base into a two-month high near 1.3558 during Wednesday's NY session, but the move has faded since, slipping back through EMA(20) to 1.3467. Price is now retesting the 1.3465 swing-low cluster after rejection at the highs, with RSI(14) cycling in the 40s and momentum cooling. EMA(50) around the mid-1.345s is the last dynamic support beneath.
Support: 1.3465, 1.3450, 1.3420
Resistance: 1.3500, 1.3558
What it said to watch
US UoM sentiment/inflation expectations at 14:00 UTC could shift this read
H1 close below 1.3450 confirms a deeper retracement of the week's rally
Reclaim of 1.3500 reopens the path back toward 1.3558 week high
Sterling's political short-squeeze peaked near the 1.3558 week high on Wednesday's session before rolling over, and H1 has printed a sequence of lower highs since, dropping back below EMA(20) and EMA(50). Price is now pressing the 1.3465 day low with RSI sub-40 as the USD firmed off its one-month low, capping the move. The 1.3450 swing low is the immediate line under price.
Support: 1.3465, 1.3450
Resistance: 1.3480, 1.3535, 1.3558
What it said to watch
H1 close below 1.3450 confirms a lower low and extends the correction
Reclaim of 1.3535 prior high needed to re-engage the week high
UoM sentiment today 14:00 UTC and UK jobs Tue could reshape this read
Lower highs off the week high, holding above squeeze base.
Sterling's short squeeze off Monday's ~1.338 open peaked at 1.3558 mid-week on the UK fiscal-politics story before fading. Since that high, H1 has carved lower highs down to the 50% retrace of the impulse near 1.3473, stabilising around 1.3478 through Asia with price back below EMA(20) and RSI cooling into the mid-40s. Demand stepped in twice around 1.3465, keeping the broader week's advance intact.
Support: 1.3465, 1.3450
Resistance: 1.3502, 1.3540, 1.3558
What it said to watch
Hold above 1.3465 keeps the pullback shallow; a break of 1.3450 ends the squeeze read
Reclaim of EMA20 near 1.3502 and 1.3540 reopens the 1.3558 week high
US UoM sentiment / inflation expectations at 14:00 UTC could shift this read
Sterling ripped higher on the fiscal-discipline short squeeze through the NY session, peaking at 1.35579 before rolling over into a pullback that found demand at 1.34596. Price is now consolidating sub-1.3500 with RSI(14) back off its highs and price slipping under EMA20 while holding above EMA50. The dominant weekly impulse has retraced toward its 61.8% fib, leaving 1.3450 as the squeeze base.
Support: 1.34596, 1.3450
Resistance: 1.3500, 1.35579
What it said to watch
H1 close above 1.3500 reopens the 1.35579 week high
Break of 1.34500 squeeze base ends the weekly squeeze read
US UoM inflation expectations 14:00 UTC could shift the near-term read
00:02 UTC
Uptrend cooling, in pullback · RSI 44 · price 1.34769
Pullback from week high, holding above prior support.
Sterling's short-squeeze rally topped near 1.3558 late Wednesday into the NY session, since fading in an orderly pullback that dragged price back below EMA(20) around 1.3508. Price is now stabilising around 1.3477 near the 38.2% retrace of the week's impulse, with RSI(14) cooling into the mid-40s. Demand stepped in twice around 1.3465, holding the pullback above prior support.
Support: 1.3465, 1.3450
Resistance: 1.3508, 1.3536, 1.3558
What it said to watch
Break below 1.3450 confirms a lower-low and unwinds the week's impulse
Reclaim of EMA(20) near 1.3508 and a close above 1.3536 reopens the 1.3558 week high
UK jobs report Jul 21 06:00 UTC is the first test of the BoE-hike thesis and could reset this read
Consolidating below week high after impulsive rally.
The GBP short-squeeze on UK fiscal reassurance drove a sharp leg from 1.3380 to the 1.3558 week high through Wednesday's NY session and into Thursday. Price has since faded to 1.3477, holding a shallow 50% retrace of that impulse and now trading just under EMA(20) while staying above EMA(50). RSI(14) has cooled to the mid-40s as the move consolidates.
Support: 1.34651, 1.3450
Resistance: 1.3490, 1.35579
What it said to watch
Close above 1.35579 week high reopens the squeeze toward 1.3590
Failure to hold 1.34651 confirms a lower-low toward 1.3450
US Michigan sentiment/inflation expectations Fri 14:00 UTC could shift this read