Tight consolidation near two-month lows after extended sell-off.
GBPUSD sold off through London-NY toward two-month lows after the BoE's dovish 7-2 hold, then flattened into a tight low-volume Asia range around 1.3204. RSI(14) sits mid-40s with no momentum either way; price is pinned just under EMA20 and well below EMA50.
Support: 1.3200, 1.31927
Resistance: 1.3212, 1.32238
What it said to watch
Loss of 1.31927 confirms a fresh lower-low and opens 1.3200 psych
M15 close back above 1.32120 breaks the Asia range top
UK Retail Sales Fri 06:00 UTC could break this consolidation either way
23:46 UTC
Downtrend, now flat · RSI 47 · price 1.32039
Tight consolidation after sell-off.
GBPUSD sold off through the London-NY session to 1.3193 after the dovish-hold BoE, then stabilised. Asia hours have coiled into a tight 1.3202–1.3206 range on thin volume, RSI flat near 47 just under EMA20.
Support: 1.3200, 1.31927
Resistance: 1.3212, 1.3245
What it said to watch
Break below 1.3200/1.3193 confirms continuation of the down leg
Reclaim of 1.3212 session high needed to ease the downside pressure
UK Retail Sales 06:00 UTC could break the Asian range
Consolidation near session lows after sharp leg down.
London/NY sold GBP after the BoE dovish hold, driving GBPUSD to two-month lows near 1.31927 before a recovery into a tight 1.3203-1.3206 band through Asia hours. RSI(14) sits flat near neutral and ATR has compressed to ~6 pips, reflecting the low-liquidity consolidation. The 1.3200 psychological level (ING's downside marker) is acting as the near-term pivot.
Support: 1.3200, 1.31927
Resistance: 1.3206, 1.3234
What it said to watch
M15 close back above 1.32060 range top eases the heavy tone
Break below 1.31927 session low extends the move through 1.3200 psych
UK Retail Sales at 06:00 UTC (~6h) could break this consolidation
GBPUSD bled lower through London-NY, printing fresh two-month lows near 1.3193 after the dovish BoE hold left sterling heavy against a firm USD. Price has since coiled into a tight, low-volume Asia range around 1.3203, RSI(14) flat in the low 40s with no momentum either way.
Support: 1.31927, 1.3200
Resistance: 1.3212, 1.3234
What it said to watch
UK Retail Sales Fri 06:00 UTC could break the coil — a miss pressures the 1.3200 area
M15 close below 1.31927 confirms a lower low toward 1.3200
Reclaim of 1.32120 needed to ease the downside pressure
GBPUSD slid to two-month lows near 1.3193 through the London-NY session after the dovish BoE hold, then went flat — the last few hours of Asia have coiled in a 1.3203-1.3206 micro-range. RSI(14) sits mid-band around 46 with ATR compressed, reflecting a quiet, low-volatility drift just above the 1.3200 psych level.
Support: 1.3200, 1.31927
Resistance: 1.3212, 1.3234
What it said to watch
UK Retail Sales Fri 06:00 UTC could break this Asian range either way
Close below 1.3193 swing low extends the down-leg toward the 1.3200 ING target zone
Reclaim of 1.32120 micro high would shift the near-term read off the lows
GBPUSD bled to two-month lows through the London-NY sessions after the dovish BoE hold, printing 1.31927 before stabilising. The Asia session has gone flat, coiling in a tight 1.3195-1.3212 range with RSI(14) recovering toward neutral.
Support: 1.3200, 1.31927
Resistance: 1.3212, 1.3225
What it said to watch
UK Retail Sales at 06:00 UTC could break this Asian range
Close below 1.31927 confirms a fresh lower low toward 1.3200 area
Reclaim of 1.3212 session high would ease the downside pressure
Cable bled from 1.3300 down to test 1.3200 through the prior sessions on the dovish-read BoE hold, then went into a tight 1.3193-1.3212 coil through thin Asian hours with ATR compressed to ~7 pips and RSI mid-zone. Price is hugging the 1.3200 two-month-low pivot, no directional impulse in play.
Support: 1.3200, 1.31927
Resistance: 1.32112, 1.3220
What it said to watch
Close below 1.31927 confirms a lower low and exposes a clean 1.3200 break
Reclaim of 1.32112 needed to ease pressure off the lows
Stepped lower-lows into 1.3192, now flat near 1.3205.
Cable bled lower through London/NY to fresh two-month lows at 1.31927, GBP soft post-BoE as the inflation-outlook downgrade outweighed the 7-2 hawkish hold. Asian hours have flatlined in a tight 1.3200-1.3211 band on thin volume, holding just above the 1.3200 psych pivot.
Support: 1.3200, 1.31927
Resistance: 1.32112, 1.32238
What it said to watch
Close below 1.31927 confirms continuation of the lower-low sequence
Reclaim of 1.32112 needed to ease the downside pressure
UK Retail Sales 06:00 UTC could materially shift this read
Cable sold off through the London-NY session into fresh two-month lows at 1.31927 after the market read the BoE hold as dovish overall, and is now drifting in a tight low-volume range around the 1.3200 psych level during Asia hours. RSI(14) is neutral near 46 after working off the downside extreme; price is pinned to EMA20 but capped below EMA50.
Support: 1.3200, 1.31927
Resistance: 1.3211, 1.3225
What it said to watch
M15 close below 1.31927 confirms a fresh lower-low and opens further downside
Reclaim of 1.32110 minor high would challenge the 1.32250 swing high
UK Retail Sales (06:00 UTC) could materially shift this read
22:46 UTC
Downtrend, consolidating at lows · RSI 46 · price 1.32046
Tight range above two-month low after sustained sell-off.
Cable slid through the session to fresh two-month lows near 1.3193 after the market read the BoE hold as dovish, then stalled into a tight 1.3193-1.3212 band through the Asia session. RSI(14) has recovered to the mid-40s as the slide pauses; price hovering on EMA20 but capped beneath EMA50.
Support: 1.31927, 1.3200
Resistance: 1.3212, 1.32532
What it said to watch
Loss of 1.3193 confirms a lower-low and opens further downside
Reclaim of 1.3212 needed to challenge the 1.3253 swing high
UK Retail Sales at 06:00 UTC could break the current range
Consolidating near two-month lows after sharp leg down.
Cable slid from 1.3325 to 1.3193 through the London-NY session on post-BoE GBP weakness, then flattened into a tight 1.3193-1.3212 range during quiet Asian hours. RSI(14) neutral near 46 after working off the downside; 1.3200 pivot holding as price churns just above the swing low.
Support: 1.3200, 1.31927
Resistance: 1.3212, 1.32532, 1.33247
What it said to watch
M15 close below 1.31927 confirms a lower-low and reopens downside
Reclaim of 1.32120 needed to challenge the 1.3253 lower high
UK Retail Sales at 06:00 UTC could break this range
Consolidating above session low after impulsive decline.
Cable sold off through the London-NY sessions to fresh two-month lows near 1.31927 after the dovish-read BoE hold, then stalled into thin post-NY trade. Now consolidating between 1.31927 and 1.32112 with RSI(14) mid-range; the 1.3200 round number is the immediate pivot.
Support: 1.31927, 1.3200
Resistance: 1.32112, 1.32443
What it said to watch
M15 close below 1.31927 confirms a lower-low and opens further downside
Reclaim of 1.32112 needed to ease the bearish structure
UK Retail Sales (06:00 UTC) could materially shift this read
Cable slid through the session to fresh two-month lows near 1.3193 after the dovishly-read BoE hold, then flattened into the Asia session, now coiling between 1.3193 and 1.3212 on thin volume. RSI(14) has recovered off the lows to mid-40s as selling pressure eases; price holds just under EMA20 with 1.3200 acting as pivot.
Support: 1.3200, 1.31927
Resistance: 1.3212
What it said to watch
M15 close below 1.31927 confirms a fresh lower-low and opens further downside
Reclaim of 1.3212 range top would relieve the immediate downside pressure
UK Retail Sales at 06:00 UTC could break this consolidation
22:16 UTC
Downtrend, basing late · RSI 45 · price 1.32036
Lower highs/lows from 1.3325, flat into 1.3200.
Cable sold from 1.3325 through the NY session to a 1.31927 low, the slide driven by post-BoE GBP softness and a firm USD. Last few hours have flattened into a tight 1.3193-1.3212 base just above the 1.3200 psych pivot, RSI recovered to mid-40s.
Support: 1.31927, 1.3200, 1.32049
Resistance: 1.3212, 1.3234, 1.32527
What it said to watch
Clean M15 close below 1.3193 opens further downside toward ING's 1.3200 target zone
Reclaim of 1.3212 then 1.3234 would break the lower-high chain
UK Retail Sales (06:00 UTC) could repricing GBP and shift this base
Cable sold off through the London session to fresh two-month lows at 1.31927 after the dovish-read BoE hold, and has since gone flat just above the 1.3200 psych level into the NY-Asia transition. RSI(14) has recovered off oversold to ~46 as price chops between 1.3193 and the 1.3212 session high.
Support: 1.31927, 1.3200
Resistance: 1.3212, 1.32337
What it said to watch
Close below 1.31927 confirms a fresh lower-low and opens further downside
Reclaim of 1.32120 session high needed to ease the bearish structure
UK Retail Sales at 06:00 UTC could materially shift this read
GBPUSD bled from 1.3324 to a 1.3193 low through the London-NY sessions as post-BoE softness and a firm USD pressed cable to fresh two-month lows. Price is now coiling 1.3193-1.3212 into the Asia session, RSI(14) recovering off the lows near 44 but still capped under EMA20.
Reclaim of 1.3212 session high would ease the immediate selling pressure
UK Retail Sales (06:00 UTC) could materially shift this read
21:46 UTC
Downtrend, basing near lows · RSI 44 · price 1.32086
Lower highs/lows into consolidation above 1.3193.
Cable sold off through the NY session to fresh two-month lows at 1.31927 after the BoE's dovish-read hold and a firm USD, then stabilised into a tight 1.3204-1.3211 band in thin late-session trade. RSI(14) near 43 has unwound from oversold while price holds just above the 1.3200 pivot; no momentum either way in the current low-volume window.
Support: 1.31927, 1.3200
Resistance: 1.3212, 1.32453
What it said to watch
Break below 1.31927/1.3200 confirms a fresh lower-low and opens further downside
Reclaim of 1.32453 needed to break the lower-high chain
UK Retail Sales (06:00 UTC) could materially shift this read
GBP slid to fresh two-month lows near 1.3193 through the London-NY session after the market read the BoE hold as dovish, then based just above the 1.3200 pivot into the Asia handover. RSI(14) has recovered off oversold toward 46 as price holds the 1.3193 swing low; volume thinning into late session.
Reclaim of 1.3234 prior high would negate the lower-high sequence
UK Retail Sales at 06:00 UTC could materially shift this read
21:31 UTC
Downtrend, basing at lows · RSI 43 · price 1.31993
Lower highs, lower lows; consolidating just above session low.
Cable ground to fresh two-month lows near 1.3200 through the NY session after the market read the BoE's 7-2 hold as dovish overall. Price is now basing in a tight 1.3192-1.3211 band late session with RSI(14) in the low 40s, ATR cooling to ~8 pips.
Support: 1.3200, 1.3192
Resistance: 1.3211, 1.3225
What it said to watch
M15 close below 1.3192 confirms a fresh lower-low and opens further downside
Reclaim of 1.3211 needed to ease the lower-high sequence
UK Retail Sales (06:00 UTC) could materially shift this read
21:31 UTC
Downtrend, consolidating at lows · RSI 44 · price 1.31993
Lower highs into 1.3200, range building.
Cable slid to two-month lows near 1.3200 through the NY session, extending the post-BoE downdraft as USD strength caps any bounce. Price is now consolidating in a tight 1.3192–1.3212 band into the Asia open, with RSI(14) mid-range after the decline.
Support: 1.3200, 1.31927
Resistance: 1.3212, 1.32273
What it said to watch
Clean M15 close below 1.31927 confirms a lower-low and presses the 1.3200 pivot
Reclaim of 1.32120 session high would ease the immediate downside pressure
UK Retail Sales (06:00 UTC) could materially shift this read
Consolidating just above session lows after sustained sell-off.
GBPUSD ground lower through the London-NY sessions to a fresh two-month low at 1.3193, the slide tracking the soft BoE hold and hawkish Fed read. Price is now consolidating in a tight 1.3193–1.3212 band into the late session, RSI(14) recovering off oversold but still sub-50 with price under EMA20/50.
Support: 1.3193, 1.3200
Resistance: 1.3212, 1.3240
What it said to watch
Sustained M15 close below 1.3193 opens fresh lows toward the 1.3200 psych area break
Reclaim and hold above 1.3212 swing high needed to challenge the 1.3240 prior high
UK Retail Sales (Fri 06:00 UTC) could materially shift this read
GBPUSD ground to fresh two-month lows near 1.3193 through the NY session after the hawkish-hold BoE/Fed combination kept sterling heavy, then steadied just above the 1.3200 psych level into Asia. RSI(14) near 44 with price pinned below EMA20/50; range has compressed to ~10 pip bars with the down leg stalling rather than reversing.
Support: 1.3200, 1.3193
Resistance: 1.3212, 1.3226
What it said to watch
Sustained M15 close below 1.3193 confirms a lower low and reopens downside
Reclaim of 1.3226 swing high needed to ease the bearish structure
UK Retail Sales Fri 06:00 UTC could materially shift this read
Lower highs / lower lows, now consolidating above session low.
GBPUSD sold off through the London-NY session to two-month lows near 1.3193 after the soft BoE hold, with the pair printing a clean chain of lower highs and lower lows. Price is now stalling in a tight 1.3199-1.3207 band just above that low into late NY hours, RSI(14) cooling around the mid-40s.
Support: 1.31927, 1.3200
Resistance: 1.3211, 1.32337
What it said to watch
M15 close below 1.31927 opens fresh lows and a test of the 1.3200 psych zone break
Reclaim above 1.32110 swing high needed to ease the downside pressure
UK Retail Sales (Fri 06:00 UTC) could materially shift this read
GBPUSD ran a clean NY-session decline from 1.3325 to a 1.3193 swing low, pressing fresh two-month lows after the soft BoE hold and hawkish Fed. Price is now consolidating in a tight 1.3202-1.3206 range just above the 1.3200 psych level, RSI(14) recovering from oversold near 43.
GBPUSD ground lower through the London-NY sessions to fresh two-month lows near the 1.3200 round level after soft UK CPI and a hawkish Fed. Price is now consolidating 1.3193-1.3209 in thin late-NY hours, RSI mid-range and downside momentum cooling; the 1.3300 pivot caps from above.
Lower highs / lower lows, basing near session low.
GBPUSD slid through NY hours to a fresh two-month low at 1.3193, extending the post-BoE/hawkish-Fed downdraft. The last two hours have based in a tight 1.3194-1.3207 range with RSI(14) recovering off the lows; the 1.3200 psych level is being tested from above.
Support: 1.3200, 1.31927
Resistance: 1.32453
What it said to watch
Close below 1.3193 confirms continuation to fresh lows
Reclaim of 1.3245 needed to challenge the descending highs
UK Retail Sales (Fri 06:00 UTC) could materially shift this read
Lower highs and lower lows, basing near session low.
GBPUSD ground lower through NY hours to a session low at 1.3193 as post-Fed USD strength pinned sterling near two-month lows. Price is now consolidating in a tight 1.3195-1.3210 band into late NY, RSI(14) recovering off oversold toward 43.
Support: 1.31927, 1.3200
Resistance: 1.3210, 1.3234
What it said to watch
M15 close below 1.3193 confirms a fresh lower-low toward the 1.3200 ING target zone
Reclaim of 1.3210 would stall the downtrend read
UK Retail Sales Fri 06:00 UTC could materially shift this read
20:31 UTC
Downtrend, stabilising near lows · RSI 44 · price 1.32048
Lower highs, lower lows; bounce off 1.3193.
GBPUSD bled from 1.3324 to a 1.3193 swing low through the NY session on broad USD strength after the hawkish Fed, with the BoE hold doing little to support sterling. Price has clawed back to 1.3205 into the late session but holds below EMA20/50, keeping the lower-high, lower-low structure intact.
Support: 1.31927, 1.3200
Resistance: 1.3226, 1.3244
What it said to watch
M15 close above 1.32260 challenges the lower-high sequence
Break below 1.31927 confirms a fresh lower low toward 1.3200 area
UK Retail Sales Fri 06:00 UTC is the next catalyst for this read
Lower highs and lower lows, basing near session low.
GBPUSD ground lower through London-NY toward two-month lows as USD held firm post-hawkish Fed, printing a clean chain of lower highs into 1.31927. Price is basing just above the 1.3200 psych level late in the NY session with RSI(14) recovering off the lows; the descending sequence is intact while 1.3210 caps.
Support: 1.3200, 1.31927
Resistance: 1.3210, 1.3227
What it said to watch
Close below 1.31927 confirms a fresh lower-low toward the 1.3200 ING target
Reclaim of 1.3210 challenges the lower-high structure
UK Retail Sales Fri 06:00 UTC is the next catalyst that could shift this read
GBPUSD ground lower through the NY session to a fresh session low at 1.3193, sterling pinned near two-month lows on the hawkish-Fed USD bid. A shallow bounce to 1.3206 is unfolding into the close; the lower-high chain capped at 1.3253 remains intact.
Support: 1.31927, 1.3200
Resistance: 1.32089, 1.32268, 1.32527
What it said to watch
Close back above 1.32089 needed to challenge the lower-high chain
Loss of 1.31927 extends the downtrend toward the 1.3200 ING target area
UK Retail Sales Fri 06:00 UTC is the next catalyst that could reset this read
GBPUSD ground lower through the NY session to fresh two-month lows at 1.31927 on broad USD strength after the hawkish Fed, slipping under the 1.3200 psych level. RSI(14) near 37 with a shallow bounce off the low; descending lower highs intact and ATR(14) compressed to ~9 pips.
Support: 1.31927
Resistance: 1.3200, 1.32273
What it said to watch
M15 close back above 1.32000 eases the immediate downside pressure
Failure to hold 1.31927 confirms a lower low and extends the down-leg
UK Retail Sales Fri 06:00 UTC is the key near-term catalyst for this read
GBPUSD ran a steady NY-session decline from 1.3325 to a fresh session low at 1.3193, with sterling pinned near two-month lows on post-Fed USD strength. Price now sits just under the 1.3200 psych level — ING's downside target — after a shallow bounce to 1.3204 was rejected. RSI(14) at 38 leaves room before oversold.
Support: 1.31927, 1.3160
Resistance: 1.3200, 1.32093, 1.32268
What it said to watch
M15 close back above 1.3200 would ease the downside pressure
UK Retail Sales Fri 06:00 UTC is the key near-term catalyst; a miss opens 1.3160
Sustained break of 1.31927 confirms continuation lower
19:46 UTC
Downtrend, fresh lows · RSI 37 · price 1.32029
Lower highs, lower lows into session low.
GBPUSD ground lower through the NY session, posting a session low at 1.31927 on broad USD strength after the hawkish Warsh Fed, with sterling unable to capitalise on firm UK jobs data. Price holds the 1.3200 round number with RSI(14) near 37 — soft but not oversold — and stays pinned below EMA20/50.
Support: 1.31927, 1.3200
Resistance: 1.3227
What it said to watch
M15 close below 1.31927 opens the path toward the 1.3200 round number break and ING's downside target
Reclaim of 1.32270 swing high would break the chain of lower highs
UK Retail Sales (Fri 06:00 UTC) is the next material catalyst for this read
19:46 UTC
Downtrend, fresh lows · RSI 40 · price 1.32029
Lower highs, lower lows into session low.
GBPUSD ground lower through the NY session on broad USD strength post-hawkish Fed, printing a fresh low at 1.3193 before a shallow bounce back to 1.3203. Price holds below EMA20/50 with RSI(14) near 39; the 1.3200 psych line is the immediate pivot.
Support: 1.31927, 1.3200
Resistance: 1.3210, 1.32337
What it said to watch
A close below 1.31927 confirms continuation toward the 1.3200 area and below
Reclaim of 1.32100 would stall the lower-low sequence
UK Retail Sales Fri 06:00 UTC is the key near-term catalyst for this read
19:31 UTC
Downtrend, fresh lows · RSI 37 · price 1.31971
Lower highs, lower lows.
Cable ground lower through the NY session, slicing the 1.3200 psych level and printing a fresh session low at 1.31927 as the hawkish-Fed USD bid kept rallies capped. Structure is a clean chain of lower highs and lower lows; RSI(14) near 37, not yet oversold.
Support: 1.31927
Resistance: 1.3200, 1.3227, 1.32483
What it said to watch
UK Retail Sales 06:00 GMT (MoM f/c 0.5%) could materially shift this read
Reclaim of 1.3200 would challenge the lower-high sequence
Failure to hold 1.31927 confirms continuation lower
19:31 UTC
Downtrend, fresh lows · RSI 36 · price 1.31971
Lower highs, lower lows.
Cable ground out a clean M15 downtrend through the NY session, slipping below the 1.3200 round number toward ING's 1.3200 area on a firm post-Fed USD. Sequence of lower highs and lower lows intact, current bar pinned near the 1.31927 session low with RSI(14) in the mid-30s, not yet oversold.
Support: 1.31927
Resistance: 1.3200, 1.32093, 1.32337
What it said to watch
Failure to hold 1.31927 confirms continuation of the lower-low sequence
Reclaim of 1.3200 round number would neutralise the breakdown read
UK Retail Sales Fri 06:00 GMT (f/c 0.5% MoM) could materially shift this read
Cable ground lower through the NY session, breaking the 1.3200 round level and printing a fresh low at 1.31927 with USD firm post-hawkish Fed. Price holds below EMA20/50 with RSI(14) near 34 — momentum down but not yet extreme; bounces toward 1.3210 have been sold.
Support: 1.31927, 1.3200
Resistance: 1.3210, 1.3227
What it said to watch
UK Retail Sales Fri 06:00 GMT could extend losses or spark a bounce
Reclaim above 1.32100 challenges the lower-high chain
Failure to hold 1.31927 opens fresh lows
19:16 UTC
Downtrend, steady leg lower · RSI 35 · price 1.31963
Lower highs and lower lows into 1.3200.
Cable bled lower through the NY session in a clean lower-high/lower-low channel, printing a fresh session low at 1.31927 and pressing the 1.3200 psych level — the ING downside target flagged after the hawkish-Fed USD bid. RSI(14) near 35, soft but not yet stretched, with price held under EMA20/50.
Support: 1.31927, 1.3200, 1.3160
Resistance: 1.32301
What it said to watch
Sustained M15 close below 1.3200 keeps the path toward the 1.3160 round number open
Reclaim of 1.32301 swing high breaks the lower-high sequence
UK Retail Sales Fri 06:00 GMT could materially shift this read
GBPUSD ground lower through the NY session to fresh session lows at 1.32017, parking on the 1.3200 round number as a firm USD held the bid post-hawkish Fed. The descending sequence of lower highs off 1.33247 stays intact, with the last leg from the 1.32527 swing high uncontested; price action has compressed into a tight 1.3208–1.3202 band into the late session.
Support: 1.3200, 1.32017
Resistance: 1.32268, 1.32527
What it said to watch
Close above 1.32527 swing high would break the lower-high sequence
Sustained break below 1.32000 round number extends the down leg
UK Retail Sales Fri 06:00 GMT could materially shift this read
19:01 UTC
Downtrend, grinding to lows · RSI 31 · price 1.32024
Lower highs, lower lows toward 1.3200.
Cable ground lower through the NY session, printing a clean chain of lower highs and lower lows into the 1.3200 round number — the ING-cited floor following the hawkish Fed. RSI(14) near 31 reflects an extended but not yet washed-out move; price is pinned just above 1.3200 with momentum stalling into late session.
Support: 1.3200, 1.32017
Resistance: 1.32273
What it said to watch
M15 close below 1.3200 confirms the lower-low and opens room lower
Reclaim of 1.32273 would break the lower-high sequence
UK Retail Sales Fri 06:00 GMT could materially shift this read
Steady M15 downtrend through the NY session, GBP pinned near two-month lows after the in-line 7-2 BoE hold gave sterling no lift. Price slid from 1.3253 to print 1.3206, now coiling in a tight 1.3207-1.3210 band into late NY with RSI cooling off oversold.
Support: 1.32057, 1.3200
Resistance: 1.3227, 1.32532
What it said to watch
Close below 1.32057 extends the lower-low sequence toward the 1.3200 psych level
Reclaim of 1.32270 needed to break the lower-high chain
UK Retail Sales Fri 06:00 UTC could materially shift this read
GBPUSD ground lower through the NY session to a 1.3205 swing low and is now basing in a tight 1.3205-1.3210 range, RSI(14) flat near 41. Sterling sits near two-month lows after the soft UK CPI and hawkish Fed; price stays pinned under the descending lower highs.
Support: 1.3205, 1.3200
Resistance: 1.3238
What it said to watch
M15 close below the 1.3200 round number extends the downtrend
Reclaim of 1.3238 prior high needed to break the lower-high chain
UK Retail Sales Fri 06:00 UTC could shift this read
GBPUSD ground to fresh session lows near 1.3205 through the NY session, extending the slide that followed the hawkish Fed and soft UK CPI — Thursday's in-line BoE hold gave sterling no lift. Each bounce has capped lower, with the 1.32527 swing high and 1.3260 prior two-month low now overhead; price is pinned just above the 1.32049 low into a quiet, low-volume close.
Support: 1.32049, 1.3200
Resistance: 1.3230, 1.32527, 1.3260
What it said to watch
Break below 1.32049 opens the path toward the 1.3200 psych level
Reclaim of 1.32527 swing high needed to negate the lower-high sequence
UK Retail Sales Fri 06:00 UTC could materially shift this read
18:31 UTC
Downtrend, grinding at lows · RSI 41 · price 1.32084
Lower highs and lower lows into two-month low zone.
GBPUSD ground lower through the NY session toward the 1.3205 swing low, extending the post-Fed/soft-CPI slide that has GBP near two-month lows. Price is coiling in a tight 1.3205-1.3227 band late in the session with RSI(14) around 40 and price pinned below EMA20/EMA50.
Support: 1.3205, 1.3200
Resistance: 1.3227
What it said to watch
Loss of 1.3205 opens the 1.3200 round level
M15 close back above 1.3227 stalls the lower-low sequence
UK Retail Sales Fri 06:00 UTC could materially shift this read
18:16 UTC
Downtrend, fresh lows · RSI 37 · price 1.32092
Lower highs, lower lows.
GBPUSD ground steadily lower through the NY session, slicing the 1.3260 two-month low and now pinned just above the 1.3200 psych level — selling consistent with the soft-CPI/hawkish-Fed backdrop and an in-line BoE hold that gave no relief. RSI(14) near 37, price capped under EMA20/50; recent bounces stalled at 1.3253.
Support: 1.32049, 1.3200
Resistance: 1.32527, 1.3260
What it said to watch
M15 close below 1.32049 confirms continuation toward the 1.3200 round level
Reclaim of 1.32527 would break the descending swing-high sequence
UK Retail Sales Fri 06:00 UTC and GfK tonight 23:01 UTC can shift this read
18:16 UTC
Downtrend, pressing lows · RSI 39 · price 1.32092
Lower highs, lower lows into session low.
NY session ground GBPUSD steadily lower into a fresh session low at 1.32057, holding near two-month lows after the hawkish Fed and soft UK CPI; the 1.3200 psych level is now in view. Sequence of lower highs intact below the descending resistance off 1.32532.
Support: 1.3205, 1.3200
Resistance: 1.3230, 1.32532
What it said to watch
M15 close below 1.3200 confirms continuation toward ING's 1.3200 target
Reclaim of 1.3230 breaks the lower-high sequence
UK Retail Sales Fri 06:00 UTC could shift this read
18:01 UTC
Downtrend, fresh lows · RSI 34 · price 1.32079
Lower highs, lower lows pressing 1.3200.
GBPUSD grinding lower through the NY session toward the 1.3200 psych level, holding near two-month lows after soft UK CPI and the hawkish Fed. Each bounce has capped lower — 1.32337 then 1.32532 — and the late-session lean is back onto the session low around 1.3205.
Support: 1.3205, 1.3200, 1.3160
Resistance: 1.32337, 1.32532
What it said to watch
M15 close below 1.3200 opens the path toward 1.3160
Reclaim of 1.32337 breaks the chain of lower highs
UK Retail Sales Fri 06:00 UTC could shift this read
GBPUSD ground to fresh session lows near 1.3208 through NY hours, extending the leg down off 1.3354 after soft UK CPI and the hawkish Fed kept the bias toward 1.3200. Lower-high chain intact below 1.3253; RSI(14) sub-40 but not yet stretched.
Support: 1.3205, 1.3200
Resistance: 1.3253, 1.3260
What it said to watch
M15 close below 1.3200 opens the ING 1.3200 target zone
Reclaim of 1.3253 breaks the lower-high chain
GfK Consumer Confidence tonight 23:01 UTC, then UK Retail Sales Fri 06:00 UTC could shift the read
Lower highs, consolidating just above session low.
GBPUSD ground to fresh session lows during NY hours, pressing toward the 1.3200 psych level flagged as the downside target after the hawkish Fed and soft UK CPI. Price is now coiling between 1.3215 and 1.3234 just above the 1.32049 low, RSI(14) mid-40s with ATR cooling to ~11 pips.
Support: 1.32049, 1.3200
Resistance: 1.3234
What it said to watch
M15 close below 1.32049 confirms a lower-low and opens 1.3200
Reclaim of 1.32340 would break the descending-high sequence
UK Retail Sales Fri 06:00 UTC could materially shift this read
17:46 UTC
Downtrend, near session lows · RSI 44 · price 1.32179
Lower highs, consolidating above 1.3205 low.
Cable slid through the NY session toward 1.3200, pinned near two-month lows after the hawkish Fed and soft UK CPI capped sterling. A bounce off 1.32049 stalled at 1.32532, and price has since drifted back to the lows with RSI(14) mid-40s — no thrust either way.
Support: 1.32049, 1.3200
Resistance: 1.32532
What it said to watch
M15 close below 1.3200 opens path toward the cited 1.3200 target zone
Reclaim of 1.32532 swing high would break the lower-high chain
UK Retail Sales Fri 06:00 UTC and GfK tonight 23:01 UTC could shift this read
GBPUSD grinding along two-month lows, sub-1.3260 after the hawkish Fed and soft UK CPI kept sterling pinned. NY session bounced from 1.3205 but supply capped at 1.3253; price now drifting at 1.3225 with RSI(14) mid-40s, no momentum extension.
Support: 1.3205, 1.32101
Resistance: 1.3253, 1.3260
What it said to watch
M15 close below 1.3205 confirms a fresh lower low
Reclaim of 1.3260 needed to ease downside pressure
UK Retail Sales Fri 06:00 UTC could materially shift this read
GBPUSD ground lower through the NY session toward the 1.3205 swing low, tracking the hawkish-Fed/soft-UK-CPI backdrop after the in-line BoE hold. Price is now consolidating in a tight 1.3215-1.3227 band, RSI(14) basing in the low 40s as the prior 1.3253 swing high caps any bounce.
Support: 1.3205, 1.3200
Resistance: 1.3253
What it said to watch
M15 close below 1.3205 opens the path to the 1.3200 round number
Reclaim of 1.3253 swing high would break the lower-high sequence
UK Retail Sales Fri 06:00 UTC could materially shift this read
GBPUSD ground lower through the NY session toward 1.3200 after soft UK CPI and a hawkish Fed, with Thursday's in-line BoE hold giving no lift. Price bounced off the 1.3205 session low but stalled at 1.3253 — the 38.2% retrace of the day's drop — and is now drifting back toward the lows.
Support: 1.3205, 1.3200
Resistance: 1.3253, 1.3260
What it said to watch
M15 close below 1.3200 opens the ING 1.3200 target zone
Reclaim of 1.3260 needed to ease downside pressure
UK Retail Sales Fri 06:00 UTC could materially shift this read
17:16 UTC
Downtrend, near intraday lows · RSI 43 · price 1.32253
Lower highs, lower lows.
GBPUSD grinding along fresh two-month lows in late NY hours, having sliced through the 1.3260 level after the hawkish Fed and soft UK CPI; price faded from the 1.32532 swing high and is now consolidating just above the 1.32155 session low. RSI(14) near 43, no oversold extreme — downside structure intact while supply caps the 1.32383 swing high.
Support: 1.32155, 1.32049, 1.3200
Resistance: 1.32383, 1.32532, 1.3260
What it said to watch
M15 close below 1.32049 confirms continuation toward the 1.3200 psych level
Reclaim of 1.32383 would break the lower-high sequence
UK Retail Sales Fri 06:00 UTC could materially shift this read
GBPUSD sold off through London-NY with a sharp drop from the 1.3400 area, pushing toward two-month lows as soft UK CPI and a hawkish Fed weigh on sterling. Price is grinding the lower edge of a descending channel into NY afternoon, holding just above the 1.32049 session low with RSI(14) near 41.
Support: 1.32049, 1.3200
Resistance: 1.32345
What it said to watch
M15 close below 1.3200 opens the path to the 1.3200 area and two-month lows
Reclaim of 1.32345 would stall the lower-high sequence
UK Retail Sales Fri 06:00 UTC and GfK tonight could shift this read
Lower highs and lower lows, stabilising near session low.
GBPUSD trended lower through London and into the NY session, pressing two-month lows as the soft UK CPI and hawkish Fed read keeps sterling heavy. Price is now grinding sideways above the 1.32049 session low with RSI(14) flattening around 41; the descending sequence of lower highs stays intact below 1.32527.
Support: 1.32049, 1.3200
Resistance: 1.32527
What it said to watch
M15 close below 1.32049 confirms a fresh lower low toward the 1.32000 psych level
Close above 1.32527 breaks the descending highs and challenges the downtrend
GfK Consumer Confidence at 23:01 UTC could add a marginal GBP headwind
GBPUSD ground to fresh session lows near 1.3210 through the NY session after the BoE's in-line 7-2 hold failed to lift sterling, extending the slide off the 1.340 area. Lower highs intact with the 1.3253 swing capping the last bounce; RSI(14) near 41, holding above oversold.
Support: 1.3210, 1.3200
Resistance: 1.3253
What it said to watch
M15 close below 1.3200 opens the path toward the 1.32 round level
Recovery above 1.3253 would break the lower-high chain
UK Retail Sales Fri 06:00 UTC could materially shift this read
16:46 UTC
Downtrend, near session lows · RSI 38 · price 1.3221
Lower highs and lower lows, grinding lower.
GBPUSD grinding lower through the NY session toward the 1.3200 psych level, pinned near two-month lows after a hawkish Fed and soft UK CPI. Lower-high chain intact; the 1.3253 recent high capped the last bounce and price now sits a few pips above the 1.3205 session low.
Support: 1.3205, 1.3200
Resistance: 1.3245, 1.3253
What it said to watch
Failure to hold 1.3205 opens the 1.3200 psych level
M15 close back above 1.3253 breaks the lower-high chain
UK Retail Sales Fri 06:00 UTC could materially shift this read
16:31 UTC
Downtrend, grinding to new lows · RSI 37 · price 1.32194
Lower highs / lower lows intact.
GBPUSD extended its NY-session slide to a fresh session low at 1.3211, the chain of lower highs/lows unbroken as sterling presses two-month lows after the soft UK CPI and hawkish Fed. RSI(14) sits in the mid-30s — pressured but not yet stretched — and price holds below EMA20/50. Bounces have capped under 1.3253.
Support: 1.32049, 1.3200
Resistance: 1.3234, 1.32527
What it said to watch
Break of 1.3205 swing low opens the 1.3200 psych level
M15 close back above 1.3253 swing high breaks the descending highs
UK Retail Sales Fri 06:00 UTC could materially shift this read
GBPUSD grinding lower through the NY session, pinned near two-month lows around 1.3205 after the in-line 7-2 BoE hold gave sterling no lift. Lower highs intact below the 1.32532 swing, RSI(14) near 41 — soft but not yet oversold. The 1.3200 psych level is the next reference below the session low.
Support: 1.32049, 1.3200
Resistance: 1.32532
What it said to watch
M15 close above 1.32532 breaks the lower-high chain
Failure to hold 1.32049 opens the path to the 1.3200 psych level
UK Retail Sales Fri 06:00 UTC could materially shift this read
16:16 UTC
Downtrend, pressing lows · RSI 38 · price 1.32185
Lower highs and lower lows, grinding toward 1.3200.
GBPUSD ground lower through the NY session, extending a downtrend that began with the post-Fed/soft-UK-CPI slide and printing a fresh session low at 1.32049. Price hugs the lows near 1.3215 with RSI(14) around 37 — soft but not oversold — and the 1.3200 round number directly below.
Support: 1.32049, 1.3200
Resistance: 1.32527
What it said to watch
M15 close below 1.32049 opens the 1.3200 round number
Reclaim of 1.32527 swing high would break the lower-high sequence
UK Retail Sales Fri 06:00 UTC could materially shift this read
GBPUSD ground lower through the NY session, printing fresh session lows at 1.3205 with sterling pinned near 2-month lows after Wednesday's soft UK CPI and the hawkish Fed. Price stalls just above the 1.3200 psych level, RSI(14) sub-40 but not yet stretched; rallies into 1.3253 have been sold.
Support: 1.32049, 1.3200
Resistance: 1.32448, 1.32527
What it said to watch
Close below 1.3205 opens the 1.3200 psych level and ING's 1.3200 target
Reclaim of 1.3253 swing high would break the lower-high chain
UK Retail Sales Fri 06:00 UTC could materially shift this read
NY session extended the slide, driving GBPUSD to a fresh session low near 1.3205 before a bounce to 1.3253 faded back to 1.3228 — sterling stays heavy after the hawkish Fed and in-line BoE 7-2 hold. Structure remains a clean chain of lower highs and lower lows with RSI(14) sub-40 but not yet stretched.
Support: 1.3225, 1.3205
Resistance: 1.3253
What it said to watch
M15 close below 1.3205 confirms continuation of the lower-low sequence
Reclaim of 1.3253 needed to break the lower-high pattern
GfK Consumer Confidence tonight and UK Retail Sales Fri 06:00 UTC could shift this read
16:01 UTC
Downtrend, basing near lows · RSI 42 · price 1.32278
Cable sold off through the NY session toward the two-month low zone, GBP soft after the in-line BoE 7-2 hold and a hawkish-Fed USD bid. Price is now chopping 1.3205-1.3253 just above the 1.32049 swing low, RSI(14) mid-40s with no extreme.
Support: 1.32049, 1.3200
Resistance: 1.32532
What it said to watch
M15 close below 1.3200 extends the downleg toward 1.3100
Reclaim of 1.3253 needed to ease near-term pressure
UK Retail Sales Fri 06:00 UTC could materially shift this read
GBPUSD ground lower through London and NY, sliding from 1.339 to a 1.3205 session low, pressured by soft UK CPI and a hawkish Fed. The NY bounce to 1.3253 was sold back, RSI(14) recovering to the mid-40s — no reversal signal, just a pause within the downtrend.
Support: 1.3205, 1.3200, 1.3260
Resistance: 1.3253, 1.3300
What it said to watch
M15 close above 1.3253 breaks the lower-high series
Loss of 1.3205 opens the 1.3200 psych level
UK Retail Sales Fri 06:00 UTC could shift this read
15:46 UTC
Downtrend, basing near lows · RSI 43 · price 1.32305
Lower highs/lows, ranging above 1.3205.
Cable extended its slide through the NY session to print a two-month low near 1.3205, GBP soft after the BoE's priced-in 7-2 hold and a firm USD. Price has since chopped 1.3205-1.3253 and is drifting back toward the low, RSI(14) mid-range with no momentum extreme.
Support: 1.3205, 1.3200
Resistance: 1.3253, 1.3260
What it said to watch
M15 close below 1.3205 opens the path toward 1.3200
Reclaim of 1.3260 would negate the fresh lower-low read
UK Retail Sales Fri 06:00 UTC could materially shift this read
Cable trended lower through the London-NY session, probing the two-month low region and printing 1.3205 before a shallow bounce. Now consolidating 1.3205–1.3252 just under EMA50, RSI(14) recovering off the lows around 43; soft UK CPI and a hawkish-Fed USD backdrop frame the weakness.
Support: 1.3205, 1.3200
Resistance: 1.3252
What it said to watch
M15 close below 1.3205 confirms a lower low, opening the 1.3200 psych level
Reclaim of 1.3252 session high needed to break the lower-high chain
GfK Consumer Confidence tonight and UK Retail Sales Friday are near-term risks
Lower highs/lows, now consolidating above session low.
Cable slid through the NY session to a fresh window low at 1.32049, in line with the soft-CPI/hawkish-Fed GBP downside theme, then bounced into a tight 1.3235–1.3253 range. RSI(14) near 43 has lifted off oversold; supply capped the rebound at 1.32532.
Support: 1.32049, 1.32202
Resistance: 1.32532, 1.33019
What it said to watch
M15 close below 1.32049 extends the lower-low sequence
Close above 1.32532 breaks the consolidation and reopens 1.33019
GfK confidence tonight and UK retail sales Friday could shift this read
15:16 UTC
Downtrend, bouncing off lows · RSI 44 · price 1.32398
Lower highs and lower lows, base forming near 1.3205.
Cable trended lower through the London-NY sessions toward a two-month-low area, GBP pressured by soft UK CPI and a hawkish Fed bid in USD. Buyers stepped in around 1.3205 and price is now chopping between 1.3205 and 1.3253; RSI(14) mid-range, no momentum extreme.
Support: 1.32049, 1.3226
Resistance: 1.32532
What it said to watch
M15 close below 1.3205 confirms a fresh lower low
Reclaim of 1.3253 needed to challenge the descending highs
UK Retail Sales Fri 06:00 UTC could materially shift this read
15:16 UTC
Downtrend, base attempt · RSI 44 · price 1.32398
Lower highs into 1.3205 low, now ranging.
Cable sold off through the NY session toward 1.3205, with GBP pinned near two-month lows after soft UK CPI and a hawkish Fed. Price has since stabilised in a 1.3205–1.3253 range; RSI(14) recovered off oversold to mid-40s but the lower-high sequence overhead remains intact.
Support: 1.32049, 1.3226
Resistance: 1.3253
What it said to watch
M15 close below 1.32050 confirms a fresh lower low
Reclaim of 1.32530 swing high needed to break the descending lower-high chain
UK Retail Sales Fri 06:00 UTC could materially shift this read
Lower highs into a 1.3205 base, corrective bounce underway.
Cable trended lower through the NY session to a 1.3205 base on the hawkish-Fed/soft-UK-CPI backdrop, then bounced to 1.3240 with RSI(14) recovering off oversold. Buyers stepped in twice near 1.3205; the move sits below EMA50 but has reclaimed EMA20.
Support: 1.3205, 1.3260
Resistance: 1.3245, 1.3300
What it said to watch
M15 close below 1.3205 confirms a lower low toward the 1.3200 area
Reclaim of 1.3245 opens the path back to the 1.3300 pivot
GfK Consumer Confidence tonight and UK Retail Sales Fri 06:00 UTC could shift this read
Cable sold off through the NY session to a fresh session low at 1.3205, sliding below the 1.3268 two-month-low zone amid a firm USD on the hawkish Fed. Price has since stabilised, ranging 1.3205–1.3249 with RSI(14) recovering off oversold; no clean direction in play.
Support: 1.3205, 1.3210
Resistance: 1.3249, 1.3268
What it said to watch
M15 close back above 1.3268 reclaims the prior-low zone and eases the lower-low read
Loss of 1.3205 session low confirms downside continuation
UK Retail Sales Fri 06:00 UTC could materially shift this read
Cable sold off through the London-NY session under broad GBP softness and a hawkish-Fed USD bid, bottoming at 1.3205 before recovering to chop around 1.3240. Price is consolidating above the session low, RSI(14) back to neutral near 53 after probing oversold.
Support: 1.3205, 1.3210
Resistance: 1.32492, 1.3260
What it said to watch
M15 close below 1.3205 confirms a lower low toward the 1.3200 area
Reclaim of 1.32492 session high needed to challenge the 1.3260 2-month low
GfK Consumer Confidence tonight and UK Retail Sales Fri 06:00 UTC could shift this read
Cable sold off through the London-NY session toward two-month lows, GBP soft after this week's CPI miss and a hawkish Fed. Buyers stepped in at 1.32049 and price is now chopping 1.3230-1.3249 below the broken 1.3260 area; RSI(14) recovered off oversold into the mid-40s.
Support: 1.32049, 1.32106
Resistance: 1.32492, 1.3260
What it said to watch
M15 close below 1.32049 confirms a fresh lower-low toward ING's 1.3200
Reclaim of 1.3260 needed to ease the downside read
UK Retail Sales Fri 06:00 UTC and GfK tonight could reset the move
Cable extended its slide through the London-NY session, printing a fresh low at 1.32049 before buyers stepped in and dragged price back into a 1.3230-1.3249 range; the soft UK CPI and hawkish-Fed backdrop kept GBP heavy even after the in-line BoE 7-2 hold. RSI(14) near 47 after basing off oversold, momentum flattening near the lows.
Support: 1.32049, 1.32101
Resistance: 1.32492, 1.3260
What it said to watch
Reclaim of 1.32600 would break the lower-high sequence
Failure to hold 1.32049 confirms continuation lower
UK Retail Sales Fri 06:00 UTC could reset this read
GBPUSD ground lower through the window, sterling pinned near two-month lows on soft UK CPI and a hawkish Fed. A base is forming around 1.3205 after the latest leg down, with the bounce capped near 1.3248; price now sits back below the 1.3260 two-month low.
Support: 1.32049, 1.3200
Resistance: 1.32483, 1.3260, 1.3300
What it said to watch
Close below 1.3205 confirms a lower-low and opens 1.3200
Reclaim of 1.3260 needed before the 1.3300 pivot comes back in view
UK Retail Sales Fri 06:00 UTC could shift this read
14:16 UTC
Downtrend, bouncing off lows · RSI 48 · price 1.32375
Lower highs / lower lows, holding above 1.3205.
Cable trended lower through the London-NY sessions toward its two-month low zone, with sellers capping each bounce as soft UK CPI and a hawkish Fed weigh. Price held the 1.3205 swing low and recovered into 1.3237; the 1.32490 session high is the immediate cap.
Support: 1.3205, 1.3210
Resistance: 1.3249
What it said to watch
Close above 1.32490 breaks the lower-high chain
Loss of 1.32050 confirms continuation toward the 1.3200 area
UK Retail Sales Fri 06:00 UTC could reshape this read
Cable trended lower through the London-NY sessions, breaking the two-month low pivot near 1.3260 as soft UK CPI and a hawkish Fed kept GBP heavy. NY hours printed a session low at 1.32049 before a bounce to 1.32490 was capped; price now consolidating around 1.3237 with RSI(14) recovering from the lows.
Support: 1.32049, 1.3210
Resistance: 1.3249, 1.3260
What it said to watch
M15 close back above 1.32490 swing high would break the lower-high chain
Failure to hold 1.32049 session low opens path toward 1.3200
UK Retail Sales Fri 06:00 UTC could materially shift this read
14:01 UTC
Downtrend, bounce in progress · RSI 47 · price 1.32412
Lower highs / lower lows, basing near 2mo low.
Cable extended its NY-session slide toward the 1.3205 two-month low before buyers stepped in twice around 1.3205/1.3210, lifting price ~45 pips to 1.3249 and back to 1.3241. RSI(14) recovering off oversold as the soft UK CPI + hawkish-Fed backdrop keeps the broader structure pointed lower.
Support: 1.32049, 1.3210
Resistance: 1.32492, 1.3280
What it said to watch
M15 close below 1.32049 confirms a lower-low and reopens the 1.3200 area
Reclaim of 1.3249 swing high would stretch the bounce toward the 1.3280 pivot
UK Retail Sales Fri 06:00 UTC could materially shift this read
14:01 UTC
Downtrend, bouncing off lows · RSI 45 · price 1.32412
Lower highs, lower lows; recovering from session low.
Cable trended lower through the NY session, breaking the prior two-month low near 1.3260 to print 1.3205 before a recovery to 1.3249. Price now hovers at 1.3241 after a soft UK CPI print and hawkish-Fed USD bid; the descending sequence of lower highs is intact while 1.3249 caps.
Support: 1.32049, 1.3220
Resistance: 1.32492, 1.3266
What it said to watch
Reclaim of 1.32660 would neutralise the lower-high structure
Loss of 1.32049 confirms a fresh lower-low and reopens 1.3200
UK Retail Sales tomorrow 06:00 UTC could materially shift this read
13:46 UTC
Downtrend, bounce off lows · RSI 44 · price 1.32411
Lower highs / lower lows, fresh low then recovery.
Cable trended lower through the NY session, printing a fresh session low at 1.32049 before buyers stepped in to reclaim 1.32400, RSI(14) lifting off oversold near 43. Move sits in the GBP-soft backdrop after soft CPI and a hawkish Fed; bounce is corrective so far, with 1.32483 the nearest cap.
Support: 1.32247, 1.32049, 1.3200
Resistance: 1.32483
What it said to watch
M15 close above 1.32483 challenges the lower-high sequence
Loss of 1.32049 extends the down leg toward 1.3200
GfK Consumer Confidence 23:01 UTC tonight could shift the read
13:45 UTC
Downtrend, bounce off lows · RSI 45 · price 1.32411
Lower highs / lower lows, basing near session low.
Cable ground out a fresh two-month low at 1.32049 during NY hours then bounced to 1.3241, with GBP pressured by soft UK CPI and a hawkish Fed bidding USD. Sequence of lower highs intact; the recovery is so far corrective and capped under the 1.32483 swing high.
Support: 1.32049, 1.32101
Resistance: 1.32483
What it said to watch
M15 close above 1.32483 breaks the descending-highs sequence
Loss of 1.32049 confirms a lower low toward the 1.3200 area
GfK Consumer Confidence tonight could shift GBP tone into Friday retail sales
13:31 UTC
Downtrend, bouncing off lows · RSI 45 · price 1.32332
Lower highs and lower lows, intraday bounce in play.
Cable sold off through the NY session, slicing below 1.3300 on the hawkish-Fed/soft-UK-CPI backdrop and bottoming at 1.32049. A bounce reclaimed 1.32483 before fading back to 1.32330, where price is consolidating just above EMA20; RSI(14) has lifted off the lows but structure stays lower-high, lower-low.
Support: 1.32049, 1.3210
Resistance: 1.32483, 1.32619, 1.3260
What it said to watch
M15 close below 1.32049 confirms a fresh lower-low toward the 1.3200 area
Close above 1.32483 puts the 1.32619 swing high and 1.3260 pivot back in play
UK Retail Sales Fri 06:00 UTC could materially shift this read
NY session extended the slide off 1.3410, cable tagging a two-month-area low at 1.32049 on hawkish-Fed USD strength before bouncing to 1.32483 and stalling near 1.32330. RSI(14) recovering from the lows around 43; descending highs still cap any recovery.
Support: 1.32049, 1.3200
Resistance: 1.32483
What it said to watch
M15 close below 1.32049 confirms a fresh lower low toward 1.3200
Reclaim of 1.32483 needed to ease downside pressure
US jobless claims / Philly Fed could shift the read this session
13:16 UTC
Downtrend, bouncing off lows · RSI 44 · price 1.32337
Lower highs, lower lows; recent low at 1.32049 holding.
Cable extended its slide through the NY session to a fresh session low at 1.32049 before buyers stepped in, a largely USD-driven move after the hawkish Fed. Price has reclaimed the EMA20 near 1.3234 but a chain of lower highs into 1.32483 still caps; remains well below the broader 1.3260 two-month-low zone now acting as overhead resistance.
Support: 1.32049, 1.3200
Resistance: 1.32483, 1.32619
What it said to watch
M15 close below 1.32049 confirms a fresh lower low
Reclaim of 1.32483 bounce high needed to ease downside pressure
US Jobless Claims / Philly Fed at 12:30 UTC could shift the USD-led read
13:16 UTC
Downtrend, attempting to stabilise · RSI 44 · price 1.32337
Lower highs and lower lows into session lows.
Cable ground out a steady chain of lower highs through the NY session, bottoming at 1.3205 as post-Fed USD strength dragged GBP to fresh session lows. A bounce off 1.3205 stalled at 1.3248 and price is now consolidating near 1.3234, still below EMA20/50.
Support: 1.32049, 1.32247
Resistance: 1.32483, 1.3260
What it said to watch
Close above 1.3260 prior-low pivot would break the lower-high sequence
Failure to hold 1.3205 session low confirms a fresh lower low
UK Retail Sales Fri 06:00 UTC could shift this read
13:01 UTC
Downtrend, bouncing off lows · RSI 42 · price 1.32324
Lower highs, lower lows; minor double bottom near 1.3205.
NY session extended cable's slide to a fresh session low at 1.3205 on broad USD strength post-Fed, with GBP pinned near two-month lows. Buyers stepped in twice around 1.3205-1.3210, sparking a bounce to 1.32483 that has since faded back to ~1.3232. RSI(14) recovering off oversold but price still below EMA20/50.
Support: 1.32049, 1.3200
Resistance: 1.32483, 1.3300
What it said to watch
M15 close below 1.3205 confirms a lower-low and reopens 1.3200
Reclaim of 1.32483 needed to extend the bounce toward the 1.3300 pivot
US jobless claims / Philly Fed prints could shift the USD-led move this session
NY session ground GBPUSD to fresh session lows at 1.32049, below the 1.3260 two-month low, as the post-Fed USD bid dominated. The bounce to 1.32483 was rejected and price faded back to 1.323; structure stays a clean chain of lower highs.
Support: 1.32049, 1.3100
Resistance: 1.32483, 1.3260
What it said to watch
M15 close back above 1.32483 session high needed to question the lower-high chain
Failure to hold 1.32049 swing low opens the path toward the 1.3100 psych level
US Jobless Claims / Philly Fed already in play — a soft print is the main relief valve for cable
12:46 UTC
Downtrend, bouncing off lows · RSI 42 · price 1.32426
Lower highs and lower lows, intraday relief bounce.
Cable extended the post-FOMC, post-BoE slide to a fresh session low at 1.3205 before buyers stepped in, lifting it back to 1.3248. Price is reclaiming the EMA20 but the chain of lower highs from 1.3325 keeps the intraday structure offered into the NY session.
Support: 1.32049, 1.3210
Resistance: 1.32483, 1.3284, 1.3300
What it said to watch
Close above 1.32483 swing high opens room back toward the 1.3284 prior swing
Loss of the 1.3205 session low confirms continuation of the lower-low sequence
UK Retail Sales Fri 06:00 UTC could materially shift this read
12:46 UTC
Downtrend, bouncing off lows · RSI 43 · price 1.32426
Lower highs and lower lows, near-term recovery.
Cable sold off through the NY session on broad USD strength post-hawkish Fed, printing a fresh session low at 1.32049 before buyers stepped in. Price has recovered into 1.32483, the recent bounce high, with RSI(14) lifting off oversold; the lower-high, lower-low chain stays intact below the 1.32619 swing high.
Support: 1.32049, 1.3200
Resistance: 1.32483, 1.32619
What it said to watch
Close above 1.32619 swing high would break the lower-high sequence
Failure to hold 1.32049 session low reopens the 1.3200 psych level
UK Retail Sales Fri 06:00 UTC could materially shift this read
Cable extended to a fresh two-month/session low at 1.3205 through the NY session as post-Fed USD strength dominated. The last two bars snapped 25 pips off that low with RSI(14) lifting from the high-30s, but price remains capped well below the broken 1.3260 prior-low zone.
Support: 1.32049, 1.3100
Resistance: 1.32483, 1.3260
What it said to watch
M15 close above 1.3260 needed to challenge the downtrend structure
Failure to hold 1.3205 opens the path toward 1.3100
US Jobless Claims / Philly Fed at 12:30 UTC could drive the next leg
GBPUSD ground to a fresh session low at 1.32049 through the NY session as USD stayed bid post-hawkish Fed, then snapped back to 1.32342 on the latest bar. The recovery off 1.3205 is the first real bounce in the leg lower; momentum still tilts down with price under EMA20 and EMA50.
Support: 1.32049, 1.3200
Resistance: 1.3245, 1.3260
What it said to watch
M15 close back above 1.32450 swing pivot would break the lower-high sequence
Failure to hold 1.3205 reopens the 1.3200 psych level and the 1.3260 two-month low context
UK Retail Sales Fri 06:00 UTC could materially shift this read
Cable ground lower through the NY session in a clean lower-high/lower-low chain, breaking the 1.3260 two-month low as the post-Fed USD bid persisted and printing a fresh session low at 1.32049. RSI(14) near 33 — soft but not yet extreme — with price extended below both EMAs.
Support: 1.32049, 1.3200
Resistance: 1.3230, 1.32483
What it said to watch
US Jobless Claims & Philly Fed at 12:30 UTC could materially shift this read
M15 close back above 1.32300 breaks the lower-high sequence
Loss of 1.32049 opens the path toward the 1.3200 round number
12:15 UTC
Downtrend, fresh lows · RSI 35 · price 1.32125
Lower highs, lower lows; new session low.
NY session extended the cable slide, breaking below the 1.3260 two-month low on a broadly bid USD post-hawkish Fed. Price prints fresh lows near 1.3210 with RSI(14) around 35 — soft but not extreme; ATR(14) ~13 pips.
Support: 1.3205, 1.3200
Resistance: 1.3226, 1.3260
What it said to watch
M15 close back above 1.3260 invalidates the breakdown
Failure to hold 1.3205 opens a test of the 1.3200 round number
UK Retail Sales Fri 06:00 UTC could shift this read
Cable ground steadily lower through the London-NY session, breaking the 1.3260 two-month low and pressing toward 1.3210 after a dovish-leaning BoE hold added to the soft-CPI/hawkish-Fed backdrop. Price sits below EMA20/50 with RSI(14) near 33 — soft but not yet stretched. Last few bars are stalling in a tight 1.3210–1.3225 band after the latest leg down.
Support: 1.3210, 1.3200
Resistance: 1.3240, 1.3262
What it said to watch
US jobless claims / Philly Fed at 12:30 UTC could materially shift this read
Failure to hold 1.3210 opens the 1.3200 psych level
Close back above 1.3240 would ease the downside momentum
12:01 UTC
Downtrend, fresh lows · RSI 34 · price 1.32146
Lower highs, lower lows.
Cable is in a clean M15 downtrend through the London-NY session, grinding to fresh lows near 1.3210 after the BoE hold digested as dovish-leaning against a firm USD. Sequence of lower highs/lows intact with RSI(14) in the low 30s — not yet at extreme.
Support: 1.32101, 1.3200
Resistance: 1.32483, 1.32624
What it said to watch
US jobless claims / Philly Fed at 12:30 UTC could extend or stall the move
Sustained hold below 1.3210 keeps the lower-low sequence intact
M15 close back above 1.3260 would break the lower-high chain
11:46 UTC
Downtrend, fresh lows · RSI 32 · price 1.32141
Lower highs, lower lows.
Cable extended its slide through the London session, printing fresh session lows at 1.32101 as the soft-CPI/hawkish-Fed narrative kept GBP heavy into the BoE hold. Clean chain of lower highs and lower lows, price pinned below EMA20/50 with RSI(14) near 31 — stretched but not yet sub-20. 1.3200 round number is the next reference below.
Support: 1.32101, 1.3200
Resistance: 1.32333, 1.32483
What it said to watch
BoE vote-split tone just out is the swing factor for the next bars
Loss of 1.32000 round number extends the lower-low sequence
M15 close back above 1.32333 pivot would break the lower-high chain
Cable extended its slide into the BoE decision, printing a fresh session low at 1.3210 with RSI(14) pressed near oversold. The descending lower-high chain stays intact and price is hugging the lows as the rate verdict lands.
Support: 1.32101, 1.3200
Resistance: 1.32333
What it said to watch
BoE vote split out now — a hawkish dissent could trigger a sharp reversal off these lows
M15 close below 1.3200 confirms continuation of the lower-low sequence
Reclaim of 1.3233 would break the descending lower-high structure
Lower highs, lower lows; just printed 2-month low.
Cable extended its downtrend through the BoE decision, breaking the prior 1.3260 two-month low and printing a fresh session low at 1.3212 before a thin bounce to 1.3218. RSI(14) near 33 is depressed but not extreme; sequence of lower highs into 1.3247 still intact.
Support: 1.3212, 1.3200
Resistance: 1.3247, 1.3260
What it said to watch
Reclaim of 1.3247 swing high would break the lower-high chain
Loss of 1.3212 session low opens the path toward the 1.3200 psych level
BoE vote split / minutes digestion can still whip this read in the next bars
Cable extended its slide through the NY session, printing a fresh session low at 1.3212 as the BoE decision and split landed dovish of the soft-CPI read. Structure is a clean chain of lower highs and lower lows; RSI(14) near 32, soft but not yet oversold.
Support: 1.3212, 1.3200
Resistance: 1.3248
What it said to watch
Reclaim of 1.3248 would break the lower-high chain and ease downside pressure
Failure to hold 1.3212 confirms continuation toward 1.3200
US Jobless Claims / Philly Fed at 12:30 UTC could shift this read
11:15 UTC
Downtrend, accelerating into NY · RSI 31 · price 1.32256
Lower highs and lower lows, fresh 2-month low.
NY session pushed cable to a fresh 2-month low at 1.32208, extending the steady chain of lower highs off 1.33247 with RSI(14) hovering near 31. Price is pinned to session lows with no bounce of note ahead of the BoE decision.
Support: 1.32208, 1.3200
Resistance: 1.32483, 1.3300, 1.33247
What it said to watch
BoE Rate Decision + vote split in ~12 min is the binary driver for the next bars
Loss of 1.32208 confirms continuation toward the 1.3200 figure
M15 close back above 1.32483 breaks the lower-high sequence
Cable is grinding to fresh 2-month lows near 1.3220 through the NY session, an unbroken chain of lower highs since the 1.3300 break, with RSI(14) in the low-30s but not yet washed out. The slide accelerated on USD firmness post-hawkish Fed, and price sits right above the prior 1.3260 low region into the BoE decision.
Support: 1.32208, 1.3200
Resistance: 1.32483, 1.3300
What it said to watch
BoE Rate Decision + vote split due in ~12 min — binary event that will redefine this read
A reclaim of 1.3300 would break the lower-high sequence
Failure to hold 1.3220 opens the 1.3200 psych level
Cable extended its NY-session slide to a fresh 2-month low at 1.32247, holding below 1.3300 after sticky UK wages failed to stem USD-led pressure. RSI(14) near 32, weak but not yet extreme, with price pinned at the lows into the BoE decision.
Support: 1.32247, 1.3226
Resistance: 1.32483, 1.3300
What it said to watch
BoE Rate Decision + Minutes in ~12 min will dominate this read
Loss of 1.32247 confirms continuation lower; reclaim of 1.32483 needed to ease the slide
Recovery back through 1.3300 would neutralise the downtrend read
11:00 UTC
Downtrend, accelerating into lows · RSI 30 · price 1.32306
Lower highs and lower lows, near session low.
London session drove a steep decline through the 1.33000 figure to a session low at 1.32247, RSI(14) pinned near 30. Cable is consolidating just above the low at 1.32306 ahead of the BoE decision, with each bounce capped under 1.32483.
Support: 1.32247, 1.3200
Resistance: 1.32483, 1.32619, 1.3300
What it said to watch
BoE rate decision + minutes due in ~12 min — binary risk that will define the next leg
M15 close back above 1.32619 would break the lower-high chain
Failure to hold 1.32247 confirms continuation toward 1.32000
10:46 UTC
Downtrend, accelerating · RSI 32 · price 1.32375
Lower highs, lower lows; fresh session low.
GBPUSD sold off hard through the London session, breaking the 1.3260 two-month low and printing a session low at 1.3225, RSI(14) near 31. Price stalled into the 1.3237 area on the last bars with the BoE decision imminent.
Support: 1.32247, 1.3200
Resistance: 1.3260
What it said to watch
BoE rate decision/vote split at 11:00 GMT (~15min) will drive the next leg
Failure to reclaim 1.3260 keeps the broken low as resistance
M15 close below 1.3225 confirms continuation toward 1.3200
10:46 UTC
Downtrend, accelerating into BoE · RSI 34 · price 1.32375
Lower highs, lower lows; fresh session low.
GBPUSD ground lower through the London session, breaking the 1.3260 two-month-low area and printing a fresh session low at 1.32247 with RSI(14) holding around 34. The slide tracks broad USD firmness post-FOMC; a steady chain of lower highs caps every bounce.
Support: 1.32247
Resistance: 1.32483, 1.32619
What it said to watch
BoE rate decision and vote split at 11:00 GMT could materially shift this read
M15 close back above 1.32619 prior pivot would break the lower-high sequence
Failure to hold 1.32247 session low confirms continuation
10:31 UTC
Downtrend, accelerating into lows · RSI 32 · price 1.32365
Lower highs and lower lows, fresh session low.
GBPUSD broke below the 1.3260 two-month low and printed a fresh session low at 1.32247 during the London run-up to the BoE decision, RSI(14) near 32. Price holds just above the low on a low-volume doji; the broken 1.3260 area now caps as resistance.
Support: 1.32247, 1.3200
Resistance: 1.32483, 1.3260
What it said to watch
BoE rate decision/vote split at 11:00 GMT (~30m) could materially shift this read
M15 close back above 1.32600 would unwind the breakout below the two-month low
Loss of 1.32247 confirms continuation toward the 1.3200 psych level
10:30 UTC
Downtrend, accelerating · RSI 30 · price 1.32365
Lower highs and lower lows, fresh session low.
GBPUSD sold off through the London session in a clean chain of lower highs and lower lows, printing a fresh session low at 1.32247 as it grinds back toward the two-month base near 1.3260. RSI(14) near 30 reflects momentum stretched but not yet at an extreme, and price holds well below EMA20/50. BoE rate decision at 11:00 GMT is the immediate catalyst.
Support: 1.32247, 1.3200
Resistance: 1.32483, 1.32624
What it said to watch
BoE decision and vote split at 11:00 GMT can override this read entirely
A reclaim of 1.32483 would break the lower-high sequence
Failure to hold 1.32247 opens the path toward 1.32000
10:16 UTC
Downtrend, accelerating into BoE · RSI 28 · price 1.3239
Lower highs, lower lows; fresh session lows.
London session sold GBPUSD into fresh lows at 1.3234, extending a clean lower-high/lower-low chain off 1.3324 with RSI(14) oversold near 28. Selloff lands minutes ahead of the BoE decision at 11:00 GMT, so structure is stretched into a binary event.
Support: 1.3234, 1.3200
Resistance: 1.3248, 1.3262, 1.3300
What it said to watch
BoE rate decision and vote split at 11:00 GMT (~45m) could fully reset this read
M15 close back above 1.3248 breaks the lower-high sequence
Failure to hold 1.3234 opens the path toward the 1.3200 round number
10:15 UTC
Downtrend, fresh lows · RSI 33 · price 1.3239
Lower highs, lower lows.
GBPUSD ground to a fresh session low at 1.3235 through London, an unbroken lower-high/lower-low chain after Sterling failed to hold 1.3300 ahead of the BoE. RSI(14) near 33, hovering above oversold but not extended; price sits well below EMA20/50.
Support: 1.3235, 1.3200
Resistance: 1.3248, 1.3300
What it said to watch
BoE rate decision/vote split at 11:00 GMT (~45m) could materially shift this read
M15 close back above 1.3248 breaks the lower-high sequence
Failure to hold 1.3235 opens the path toward 1.3200
10:01 UTC
Downtrend, fresh lows · RSI 32 · price 1.32449
Lower highs, lower lows; broke 1.3260.
GBPUSD extended its decline through the London session, slicing the 1.3260 two-month low to print 1.32335 before stalling at 1.32449, RSI(14) near oversold. The slide tracks GBP softness ahead of the BoE despite firmer UK jobs data this morning.
Support: 1.32335, 1.3200
Resistance: 1.3262
What it said to watch
BoE rate decision and vote split ~1h out could materially shift this read
Reclaim of 1.32620 needed to ease downside pressure
M15 close below 1.32335 confirms continuation lower
10:00 UTC
Downtrend, fresh lows · RSI 34 · price 1.32449
Lower highs, lower lows.
GBPUSD extended its slide through the London session, printing a fresh session low at 1.32335 as post-Fed USD strength kept pressure on. The chain of lower highs and lower lows is intact with RSI(14) near 33 but not yet stretched; price stalled just above the low into the BoE decision.
Support: 1.32335, 1.3226
Resistance: 1.32619
What it said to watch
BoE rate decision and vote split at 11:00 UTC (~1h) could materially shift this read
Close back above 1.32619 breaks the lower-high sequence
Failure to hold 1.32335 confirms continuation lower
09:46 UTC
Downtrend, fresh lows · RSI 31 · price 1.32369
Lower highs and lower lows, accelerating into NY.
GBPUSD extended the post-Fed slide through the 1.3260 two-month low, printing a fresh session low at 1.3235 as the hawkish-USD tone dominated. Descending highs cap every bounce and RSU(14) near 30 reflects the persistent pressure rather than an exhausted move. Last bar stalled just above the low ahead of the BoE.
Support: 1.32352, 1.3200
Resistance: 1.32619
What it said to watch
BoE rate decision and vote split at 11:00 UTC (~75 min) is the dominant near-term risk
Reclaim of 1.32619 swing would break the chain of lower highs
Failure to hold 1.32352 confirms continuation lower toward 1.3200
09:46 UTC
Downtrend, accelerating · RSI 28 · price 1.32369
Lower highs and lower lows, fresh two-month low.
GBPUSD sold off hard through the London session, breaking the 1.3260 two-month low and printing a fresh session low at 1.3235 as the post-Fed USD bid persisted. RSI(14) is deeply oversold near 27 with the move stretched into the BoE decision; the broken 1.3260 prior-low now caps as resistance.
Support: 1.32352, 1.3200
Resistance: 1.32619, 1.3260
What it said to watch
BoE rate decision and vote split at 11:00 UTC (~75min) will dominate this read
Close back above 1.3260 prior low would ease the breakdown
Failure to hold 1.3235 opens the path toward the 1.3200 psych level
09:31 UTC
Downtrend, accelerating · RSI 27 · price 1.32418
Lower highs, lower lows; fresh session lows.
GBPUSD extended its downtrend through the European morning, slicing the 1.3260 two-month low to print 1.3235 before stabilising near 1.3242. RSI(14) near oversold around 27 with ATR ~15 pips; sellers control the tape with no sign of basing yet.
Support: 1.32352, 1.3200
Resistance: 1.32619
What it said to watch
BoE rate decision and vote split at 11:00 UTC (~90 min) could materially shift this read
Reclaim of 1.32619 swing needed to ease downside pressure
Loss of 1.32352 session low confirms continuation toward the 1.3200 psych level
09:31 UTC
Downtrend, accelerating · RSI 28 · price 1.32418
Lower highs and lower lows, fresh session low.
GBPUSD sold off hard through the London session, breaking the 1.3260 two-month low and printing a fresh session low at 1.32352, RSI(14) deep near 27. Sequence of lower highs intact with the broken 1.3260 level now overhead as resistance ahead of the BoE.
Support: 1.32352, 1.3200
Resistance: 1.32619, 1.3260
What it said to watch
BoE rate decision and vote split at 11:00 UTC (~90 min) is the dominant near-term risk
M15 close back above 1.32619 would break the lower-high sequence
Failure to hold 1.32352 confirms continuation lower
London session pressing GBPUSD to fresh lows at 1.32411, taking out the 1.32619 swing and approaching the 1.3260 two-month base, RSI(14) near 27. The leg extends the hawkish-Fed-driven sell-off; the late-NY/overnight bounce to 1.333 has fully unwound ahead of the BoE.
Support: 1.32411, 1.3226
Resistance: 1.32619, 1.32969, 1.33247
What it said to watch
BoE rate decision and vote split at 11:00 UTC (~2h) is the binary for this read
Close below 1.32260 confirms a break of the two-month base
Reclaim of 1.32619 would stall the lower-low sequence
09:16 UTC
Downtrend, accelerating · RSI 31 · price 1.32434
Lower highs and lower lows, fresh leg down.
GBPUSD broke the 1.3260 two-month low during the London session and extended a fresh leg lower to 1.3241, RSI(14) near 30 but not yet stretched given the pace. The slide is USD-led after the hawkish Fed; sterling found no support from firmer UK jobs data, and the broken low at 1.3262 now caps as resistance.
Support: 1.32411, 1.3200
Resistance: 1.32619
What it said to watch
BoE rate decision and vote split at 11:00 UTC (~2h) is the binary that can reverse or extend this read
Reclaim of 1.3262 negates the range break lower
Failure to hold the 1.3241 session low opens the path toward 1.3200
09:01 UTC
Downtrend, pressing lows · RSI 32 · price 1.32615
Lower highs, lower lows; retesting 1.3260.
Cable ground lower through the London session into a retest of the 1.3260 two-month low, RSI(14) near 31 but not yet extreme. Sterling's earlier bounce was USD profit-taking off the US-Iran deal rather than GBP strength; the drift has resumed ahead of the BoE.
Support: 1.3262, 1.3250
Resistance: 1.3300, 1.3324
What it said to watch
BoE rate decision at 11:00 UTC (~2h) is the binary that overrides this read
M15 close below 1.3262 confirms a fresh lower low toward 1.3250
Reclaim of 1.3300 needed to ease downside pressure
Cable grinding to fresh session lows at 1.32615, retesting the 1.3260 two-month low after a steady NY-hours slide. The earlier London leg was USD-driven; RSI(14) near 33, soft but not yet oversold. Sequence of lower highs intact from 1.33247.
Support: 1.3260
Resistance: 1.32969, 1.33247, 1.3300
What it said to watch
BoE rate decision and vote split at 11:00 UTC (~2h) is the binary into this read
US jobless claims at 12:30 UTC could shift the USD leg
Loss of 1.3260 confirms continuation; reclaim of 1.32969 needed to break the lower-high chain
GBPUSD ground lower through the window, rejected at 1.33247 in the prior NY session and rolling over again into London to print a fresh low at 1.32749 — extending the slide toward the 1.3260 two-month low as USD stays bid post-Fed. RSI(14) near 37, no oversold extreme yet.
Support: 1.32619, 1.3260
Resistance: 1.3297, 1.3300, 1.33247
What it said to watch
BoE rate decision and vote split at 11:00 UTC could materially shift this read
M15 close below 1.32619 confirms a lower low and exposes 1.3260
Reclaim of 1.32970 needed to ease downside pressure
08:46 UTC
Downtrend, fresh lows · RSI 33 · price 1.32749
Lower highs, lower lows into session low.
GBPUSD grinding to a session low at 1.3275 after rejection at 1.3324, having lost the 1.3300 round number during European hours. Chain of lower highs intact, RSI(14) near 33 but not yet extreme; 1.32619 swing low is the next reference. BoE decision at 11:00 UTC is the dominant near-term risk.
Support: 1.32619, 1.3250
Resistance: 1.3300, 1.33247
What it said to watch
BoE rate decision and vote split at 11:00 UTC (~2h) can materially shift this read
M15 close below 1.32619 confirms a fresh lower low
Reclaim of 1.3300 needed to ease downside pressure
GBPUSD is sliding back toward the session lows near 1.3280 after a recovery to 1.3325 was rejected in early London hours. The bounce off the two-month low at 1.3260 has stalled; price sits below EMA20/50 with RSI(14) cooling near 40, having retaken sub-1.3300 ground after this morning's mixed-to-firm UK jobs data.
Support: 1.32697, 1.32619
Resistance: 1.3299, 1.33247
What it said to watch
BoE rate decision and vote split at 11:00 UTC (~2.5h) could materially shift this read
Close below 1.32619 confirms a lower low
Reclaim of the 1.3300 pivot needed to ease downside pressure
GBPUSD is sliding back toward the session lows in London hours, rejected at 1.33247 and now testing 1.32805 with RSI(14) near 38. Chain of lower highs intact as the pair drifts toward the 1.32619 base ahead of the BoE decision.
Support: 1.32805, 1.32619
Resistance: 1.3300, 1.33247
What it said to watch
BoE rate decision and vote split at 11:00 UTC could materially shift this read
GBPUSD cratered below 1.3300 to a two-month low at 1.3262 on the hawkish FOMC repricing, then recovered to 1.3324 before fading back under the 1.3300 pivot. Price now sits mid-range of that move with RSI(14) around 42; BoE rate decision at 11:00 UTC is the dominant near-term risk.
Support: 1.3280, 1.3262
Resistance: 1.3300, 1.3324
What it said to watch
BoE rate decision and vote split at 11:00 UTC (~3h) could materially shift this read
Reclaim of 1.3300 pivot would re-open the 1.3324 swing high
Failure to hold 1.3280 puts the 1.3262 two-month low back in play
Rejection at session high, rolling back below 1.3300.
US session yesterday cratered to a 1.3262 two-month low on the hawkish Fed before recovering to range around 1.3300. London this morning rejected at the 1.33247 session high and has drifted back below the 1.3300 psych pivot, RSI(14) cooling toward 42.
Support: 1.3289, 1.32619
Resistance: 1.3300, 1.33247
What it said to watch
BoE rate decision and vote split at 11:00 UTC could materially shift this read
Close below 1.32890 swing low reopens the 1.3260 two-month low
Reclaim of 1.3300 psych pivot would neutralise the rollover
08:01 UTC
Downtrend, consolidating · RSI 41 · price 1.32985
Range after post-Fed flush, lower high at 1.3324.
GBPUSD remains pinned near two-month lows after the post-Fed flush below 1.3300; recovery from the 1.32619 session low stalled at the 1.33247 swing high and price has rotated back under the 1.3300 psych level. RSI(14) near 41, ATR(14) compressed to ~10 pips as London holds a tight 1.3290-1.3324 range ahead of the BoE.
Support: 1.32861, 1.32619
Resistance: 1.3300, 1.3318, 1.33247
What it said to watch
BoE rate decision at 11:00 UTC (~3h) could materially shift this read
Reclaim of 1.3300 psych needed to retest 1.33247 swing high
Loss of 1.32619 session low extends the breakdown toward 1.3100
08:01 UTC
Downtrend, consolidating · RSI 43 · price 1.32985
Range below 1.3300 after FOMC breakdown.
GBP/USD cratered below 1.3300 during the NY FOMC session on hawkish Warsh, bottoming at 1.32620, then consolidated 1.3290–1.3325. The latest London bars rejected 1.33247 and are rolling back toward the 1.32889 session low with RSI in the mid-40s.
Support: 1.32889, 1.3262
Resistance: 1.3300, 1.33247
What it said to watch
BoE rate decision at 11:00 UTC (~3h) could materially shift this read
M15 close below 1.32889 reopens the 1.32620 crash low
Reclaim of 1.3300 and a push through 1.33247 negates the lower-high sequence
Post-FOMC breakdown, consolidation now resolving lower.
Cable broke below 1.3300 after Warsh's hawkish FOMC debut, flushing to a two-month low at 1.32619 in the US session. Price then consolidated 1.3290-1.3325 through Asia, but the London open is selling it back below 1.3300 toward the swing low, RSI(14) near 38.
Support: 1.3280, 1.32619
Resistance: 1.3300, 1.33247
What it said to watch
BoE decision at 11:00 UTC (~3.5h) is the dominant catalyst and could materially shift this read
M15 close below 1.32619 confirms a fresh lower low and reopens the 1.3260 area
Reclaim of 1.3300 needed to neutralise the breakdown
GBPUSD cratered ~1% during yesterday's NY session on Warsh's hawkish FOMC debut, bottoming at the 1.32619 two-month low. The London-session bounce stalled at 1.33247 and rolled over, with price now back below the 1.3300 psych handle; RSI(14) near 43.
Support: 1.32619, 1.3280
Resistance: 1.3300, 1.33247
What it said to watch
BoE rate decision in ~3.5h (11:00 UTC) could materially shift this read
Close below 1.32619 confirms a fresh lower-low
Reclaim of 1.3300 reopens the 1.33247 session high
07:31 UTC
Downtrend, now ranging · RSI 48 · price 1.33034
Range after sharp breakdown, pivoting at 1.3300.
Cable cratered sub-1.3300 to fresh two-month lows after soft UK CPI and a hawkish Warsh-led Fed, bottoming at 1.32619 before stabilising. Since then it has ranged ~1.3260–1.3325; the NY-session pop to 1.33247 was rejected and price slid back to the 1.3300 pivot, RSI(14) mid-range near 47.
Support: 1.3299, 1.32619
Resistance: 1.33247, 1.3330
What it said to watch
BoE rate decision in ~3.5h (11:00 UTC) could materially shift this read
Close below 1.32619 confirms a lower-low extension
Reclaim of 1.33247 needed to flip the intraday range
07:31 UTC
Downtrend, consolidating after crash · RSI 46 · price 1.33034
Range-bound above session low post-FOMC drop.
GBPUSD cratered below 1.3300 to a session low of 1.3262 on the hawkish Warsh-led Fed, then carved a 1.3262–1.3325 range through the Asia and early London hours. Price was rejected at 1.33247 and has slipped back to retest the 1.3300 psych level, RSI(14) hovering mid-zone with no momentum extreme.
Support: 1.32992, 1.32619
Resistance: 1.33247
What it said to watch
BoE decision/vote in ~3.5h (11:00 UTC) could materially shift this read
M15 close below 1.32992 reopens the 1.3262 session low
Reclaim of 1.33247 swing high would break the range top
07:16 UTC
Consolidating after sharp drop · RSI 53 · price 1.33122
Range-bound recovery off two-month lows.
GBPUSD collapsed ~140 pips below 1.3300 to a 1.3262 low yesterday on the hawkish Warsh-led Fed and soft UK CPI, then clawed back into a tight range. The last push to 1.33247 was rejected back to 1.3312; RSI(14) neutral near 53 with ATR cooling to ~9 pips.
Support: 1.3300, 1.32992, 1.32619
Resistance: 1.33247, 1.3340
What it said to watch
BoE decision 11:00 UTC (~4h) could materially shift this read
Loss of 1.3300/1.32992 reopens the path toward the 1.3262 swing low
M15 close above 1.33247 session high tests the 1.3340 shelf
07:16 UTC
Downtrend, recovering off lows · RSI 53 · price 1.33122
Base built above session low, higher lows into NY.
GBPUSD cratered ~140 pips through 1.3300 to a 1.32619 session low after the hawkish FOMC-driven USD rally and soft UK CPI, then carved a rounded base and reclaimed 1.3300, tagging 1.33247 before easing back to 1.3312. Higher lows since the low keep the recovery intact while the 1.33247 session high caps for now.
Support: 1.3300, 1.32985, 1.32619
Resistance: 1.33247
What it said to watch
BoE decision + minutes 11:00 UTC (~4h) could materially shift this read
Failure to hold 1.3300 reopens the 1.32619 session low
M15 close above 1.33247 extends the recovery toward the pre-drop high
07:01 UTC
Downtrend, recovering off lows · RSI 63 · price 1.33228
Sharp drop then basing, higher lows building.
GBPUSD collapsed ~140 pips below 1.3300 to two-month lows on the hawkish Fed hold and soft UK CPI, bottoming at the 1.3262 session low. Price has since based and clawed back above the 1.3300 psych level, now pressing the 1.33246 session high with RSI(14) around 63.
Support: 1.3300, 1.32985, 1.32619
Resistance: 1.33246, 1.3340
What it said to watch
BoE decision 11:00 UTC (~4h) is the key risk to this read
Close above 1.33246 session high extends the recovery toward 1.3340
Loss of 1.3300 psych reopens the 1.3262 session low
GBP/USD collapsed below 1.3300 to two-month lows during the prior session on the hawkish Fed and soft UK CPI, then carved a base around 1.3290-1.3320. London hours pushed price back through 1.3320 to a session high at 1.33246, RSI(14) firming near 61.
Support: 1.3300, 1.32992, 1.32619
Resistance: 1.33246, 1.3340
What it said to watch
BoE decision at 11:00 UTC (~4h) is the dominant catalyst and could reset this read
Failure to hold 1.3300 reopens the 1.32619 swing low
M15 close above 1.3340 extends the recovery toward prior supply
06:46 UTC
Recovering off lows, basing · RSI 60 · price 1.33228
Rebound from FOMC selloff, reclaiming EMAs.
GBPUSD cratered to 1.32619 on the hawkish FOMC repricing, then based around 1.3300 through the Asia session and is now grinding back to the session high at 1.33243, reclaiming the EMA20/50. RSI(14) near 60 confirms the recovery momentum without being stretched.
Support: 1.3299, 1.32619
Resistance: 1.33243, 1.3340
What it said to watch
BoE decision at 11:00 UTC is the dominant catalyst and could reset this read
Close above 1.33400 weekly pivot extends the recovery
Loss of 1.32990 swing low reopens the 1.32619 range low
Consolidation above session low, recent push to range top.
GBP cratered on the soft UK CPI miss, dumping to a session low at 1.3262 before basing through the Asia session in a 1.3300-1.3318 band. Last hour broke to a session high at 1.3324 — a likely reaction to the UK labour data — with RSI(14) firming near 61.
Support: 1.3299, 1.32619
Resistance: 1.33243, 1.3318
What it said to watch
M15 close above 1.3324 session high opens room toward the 50% retrace at 1.3333
Loss of 1.3299 swing low reopens the 1.3262 session low
BoE decision/minutes at 11:00 UTC is the dominant catalyst and can override this read
GBPUSD sold off hard from 1.3400 to 1.32619 on the soft UK CPI / hawkish Fed combination, then clawed back to range between 1.32990 and 1.33185. Price is mid-range near 1.3317 with RSI(14) neutral; no fresh directional impulse since the recovery.
Support: 1.3299, 1.32619
Resistance: 1.33185, 1.3342
What it said to watch
M15 close above 1.33185 reclaims the range top
Loss of 1.32990 reopens the path toward the 1.32619 swing low
BoE decision at 11:00 UTC is the dominant catalyst and could override this range read
06:31 UTC
Downtrend, stabilising after selloff · RSI 55 · price 1.33167
Consolidating above the 1.3300 low.
GBPUSD cratered through 1.3300 to 1.3262 on the hawkish FOMC and soft UK CPI combo, then ground back to consolidate 1.3300–1.3320 into the London session. RSI(14) is neutral near 55 and ATR has cooled to ~6 pips as the post-shock range tightens.
Support: 1.32992, 1.32619
Resistance: 1.33196, 1.3340
What it said to watch
M15 close below 1.32992 reopens the path to the 1.3262 swing low
Reclaim of 1.33196 session high needed to extend the recovery
BoE decision at 11:00 UTC and US claims at 12:30 UTC can break this range
06:16 UTC
Downtrend, consolidating after slide · RSI 40 · price 1.33036
Ranged near 1.3300 after sharp drop, edging lower.
Soft UK CPI yesterday plus a US retail-sales/FOMC-driven USD bid drove GBPUSD off 1.3400 to a session low at 1.3262; price then consolidated 1.3305–1.3318 through the Asian session. The last few bars slipped back to test 1.3300, RSI(14) sitting near 40 with no oversold extreme yet.
Support: 1.3300, 1.3262
Resistance: 1.3318, 1.3371
What it said to watch
M15 close below 1.3300 opens the path back toward the 1.3262 session low
Reclaim of 1.3318 range high neutralises the downside drift
UK labour data (06:00 UTC) and BoE decision (11:00 UTC) are the dominant catalysts and can override this read
06:16 UTC
Downtrend, leg lower resuming · RSI 43 · price 1.33036
Consolidation breaking below 1.3300.
GBPUSD knifed lower from 1.3400 into 1.3262 on the hawkish-Fed/soft-UK-CPI mix, then consolidated 1.3300-1.3320 through Asia. Price is now slipping back below 1.3300 into the UK jobs print, RSI(14) mid-40s with EMAs capping overhead.
Support: 1.32985, 1.32619
Resistance: 1.33196, 1.34033
What it said to watch
Loss of 1.32985 reopens the 1.3262 swing low
Reclaim of 1.33196 range top negates the lower break
UK labour data (06:00 UTC) then BoE at 11:00 UTC dominate next bars
06:01 UTC
Downtrend, consolidating after impulsive drop · RSI 44 · price 1.3308
Tight range above session low after sharp sell-off.
GBPUSD sold off sharply into the prior NY session, bottoming at 1.3262 as soft UK CPI and a hawkish-Fed-driven USD bid weighed. Price has since consolidated in a 1.3300–1.3320 band, RSI(14) flat near 44; rejection at the range top capped the recovery and the pair is drifting back toward 1.3300.
Support: 1.3300, 1.3262
Resistance: 1.3320, 1.3340
What it said to watch
UK labour data at 06:00 UTC is imminent and could break the 1.3300–1.3320 range
Loss of 1.3300 reopens the 1.3262 session low
M15 close above 1.3320 retakes the range top
06:01 UTC
Down then flat, consolidating · RSI 43 · price 1.3308
Post-selloff base, capped below 1.3320.
GBPUSD cratered through 1.3400 to a session low at 1.3262 during NY hours, driven by soft UK CPI and a hawkish FOMC repricing the dollar higher. Price has since based and consolidated in a tight 1.3300–1.3318 range, now drifting back to 1.3308 with RSI(14) mid-zone. ATR sits near 4.5 pips — compressed after the volatility spike.
Support: 1.3300, 1.3262
Resistance: 1.3318, 1.3340
What it said to watch
UK labour data at 06:00 UTC is the immediate catalyst and can break this range either way
BoE decision at 11:00 UTC could materially shift this read
Loss of 1.3300 reopens the 1.3262 session low
M15 close above 1.3318 range top would end the consolidation read
Consolidation under recovery high, drifting lower.
GBPUSD crashed from 1.3403 to a 1.3262 session low overnight on soft UK CPI plus post-FOMC USD strength, then recovered to 1.332. Price has consolidated 1.3306–1.3320 through the Asia-London transition and is now drifting toward 1.3300 with lower highs since 1.33196.
Support: 1.3300, 1.32861, 1.32619
Resistance: 1.33196, 1.3334
What it said to watch
UK labour data at 06:00 UTC is imminent and dominates the next-bar read
BoE decision at 11:00 UTC is the session's main catalyst
Loss of 1.3300 reopens the 1.32861/1.32619 lows
M15 close above 1.33196 ends the lower-high sequence
Consolidation above swing low after impulsive drop.
Soft UK CPI plus the post-FOMC USD bid drove the sharp leg down to 1.3262; price has since recovered into a 1.3300–1.3318 range and is now drifting back toward range low at 1.3306. RSI(14) near 42, sitting under both EMAs as the recovery stalls around the 38.2% retrace of the drop.
Support: 1.3300, 1.32619
Resistance: 1.33185, 1.3340
What it said to watch
UK labour data at 06:00 UTC is the next catalyst and can break the range
M15 close below 1.3300 opens the path to the 1.3262 swing low
Reclaim of 1.33185 range top needed to stall the downward drift
Range break lower, now consolidating above weekly low.
Soft UK May CPI and a hot US retail sales beat drove GBPUSD through 1.3400 to a weekly low at 1.32619 during NY hours. Price has since clawed back to 1.331 and is consolidating in a tight 1.3305–1.3320 band, RSI(14) flat near 49 with ATR compressed to ~7 pips.
Support: 1.33045, 1.32619, 1.3300
Resistance: 1.33196, 1.3342
What it said to watch
UK labour data at 06:00 UTC is the dominant near-term catalyst
M15 close above 1.33196 extends the recovery toward 1.3342
Loss of 1.33045 range low reopens the move toward 1.32619
05:31 UTC
Downtrend, now consolidating · RSI 46 · price 1.33115
Tight range after sharp breakdown.
GBPUSD broke sharply through 1.3400 on the soft UK May CPI miss, printing a 1.3262 low before grinding back into a tight 1.3310-1.3320 consolidation. RSI(14) sits mid-range with momentum flat; price hugging EMA20 after the recovery stalled at the session high.
Support: 1.3300, 1.32619
Resistance: 1.33196, 1.3340
What it said to watch
UK labour data at 06:00 UTC is imminent and the dominant near-term catalyst
M15 close below 1.3300 reopens the 1.3262 swing low
Reclaim of 1.33196 session high needed to challenge 1.3340
05:16 UTC
Downtrend, now consolidating · RSI 45 · price 1.33121
Tight range after sharp drop.
GBPUSD broke sharply lower mid-window to a swing low of 1.3262 on the soft UK CPI fallout and firm USD post-Fed, then recovered into a tight 1.3306–1.3320 consolidation. ATR is compressed to ~4 pips and RSI sits neutral near 45 — no directional impulse in the last hours ahead of UK jobs.
Support: 1.3306, 1.3300, 1.3262
Resistance: 1.33196, 1.3342
What it said to watch
UK labour data at 06:00 UTC is the next catalyst and can break this range
M15 close above 1.3320 reclaims the recovery high
Loss of 1.3306 reopens the 1.3262 swing low
05:16 UTC
Downtrend stalling, now ranging · RSI 48 · price 1.33121
Consolidation after CPI-driven drop.
GBPUSD sold off sharply through 1.3300 on the soft UK CPI print and bottomed at 1.32619 before clawing back into a tight Asian-session range between 1.3306 and 1.3320. Price sits below both EMAs with RSI near 47 — no directional impulse, just balance ahead of UK jobs.
Support: 1.3306, 1.32619
Resistance: 1.33196, 1.3340
What it said to watch
UK labour data at 06:00 UTC is the dominant near-term catalyst
Close below 1.3306 range low reopens the 1.3262 swing low
Close above 1.3320 range top exposes 1.3340 prior level
05:01 UTC
Recovery off lows, now flat · RSI 53 · price 1.33143
Ranging after sharp drop and bounce.
GBPUSD sold off hard yesterday on the soft UK CPI miss and a hot US retail print, bottoming at 1.32619 before recovering toward 1.3310. Early London is quiet, grinding in a tight 1.3300–1.3320 band with RSI(14) mid-range and ATR compressed to ~6 pips.
Support: 1.3300, 1.32619
Resistance: 1.33196, 1.3340
What it said to watch
UK labour data at 06:00 UTC could break the 1.3300-1.3320 range
M15 close below 1.3300 reopens the 1.32619 session low
Reclaim of 1.33196 range top needed to extend the recovery
GBPUSD was knocked to 1.3262 after the soft UK CPI miss, then based and recovered to grind in a tight 1.3306–1.3320 band through Asia hours. RSI(14) sits neutral near 53 and ATR has compressed to ~5 pips with no directional setup in play.
Support: 1.3306, 1.32619
Resistance: 1.33196, 1.3340
What it said to watch
UK labour data at 06:00 UTC is imminent and can break the range either way
Close below 1.3306 reopens the path toward the 1.3262 swing low
Reclaim of 1.33196 session high needed to extend the recovery
04:46 UTC
Downtrend, now consolidating · RSI 52 · price 1.33131
Ranging above the selloff low.
A sharp selloff on soft UK May CPI sliced GBPUSD from 1.3403 to a session low of 1.3262 in the prior session; price has since recovered and is now ranging tightly between the 1.3305 range floor and the 1.3320 range top, with RSI(14) neutral near 52. ATR has compressed to ~6 pips as the market coils ahead of UK jobs.
Support: 1.3305, 1.32619
Resistance: 1.33196, 1.3334
What it said to watch
UK labour data at 06:00 UTC is the imminent catalyst and could break this range
M15 close below 1.3305 reopens the path toward the 1.3262 session low
Close above 1.3320 range top extends the recovery toward fib 50% at 1.3334
04:46 UTC
Downtrend, stabilising into range · RSI 49 · price 1.33131
Lower-low at 1.3262, now ranging near 1.3310.
GBPUSD slid from 1.3430 to a 1.3262 swing low after the soft UK CPI miss, then clawed back into a tight Asia-session range around 1.3305–1.3320. RSI(14) is flat near 49 and the move has stalled below the prior swing at 1.3340.
Support: 1.33045, 1.32619
Resistance: 1.33196, 1.3340, 1.3417
What it said to watch
UK labour data at 06:00 UTC is the next catalyst and could break the range
Loss of 1.3305 range low reopens the path toward the 1.3262 swing low
Reclaim of 1.3340 prior swing needed to challenge the 200-dma pivot at 1.3417
04:31 UTC
Downtrend stalling, now ranging · RSI 52 · price 1.33146
Selloff low carved, consolidating above it.
GBP sold off through the session after soft UK CPI, bottoming at 1.3262 in the NY session before recovering to consolidate around 1.3315 with RSI(14) neutral near 52. Price is range-bound 1.3300–1.3320, holding above the round number with no setup in play. UK labour data at 06:00 UTC is the next catalyst.
Support: 1.3300, 1.32619
Resistance: 1.33196, 1.3340
What it said to watch
M15 close above 1.3320 session high opens the path toward the 1.3340 weekly low pivot
Loss of the 1.3300 round level reopens the 1.3262 session low
UK jobs at 06:00 UTC could break the range
04:31 UTC
Downtrend, basing after selloff · RSI 54 · price 1.33146
Consolidation above selloff low.
GBPUSD sold off hard through 1.3400 on the soft UK May CPI miss, bottoming at 1.32619 before basing. Price has since coiled in a tight 1.3300-1.3320 range through the Asia session, holding the 1.3300 psych level with the 1.33196 session high capping.
Support: 1.3300, 1.3280, 1.32619
Resistance: 1.33196, 1.3340
What it said to watch
UK labour data at 06:00 UTC is the next catalyst and can break this range
Loss of 1.3300 reopens the 1.32619 selloff low
M15 close above 1.3340 toward the 1.3400 breakdown level negates the basing read
Cooler UK CPI plus a hot US retail sales beat drove a sharp leg down to a weekly low of 1.32619; price has since clawed back to 1.3315 and gone quiet through the Asian session, capped at the 1.33185 session high. RSI(14) near 57 reflects a stabilised but unconvincing recovery, with ATR compressed to ~6 pips in thin pre-London trade.
Support: 1.3300, 1.32619
Resistance: 1.33185, 1.3340
What it said to watch
UK labour data at 06:00 UTC is the next catalyst and could break the consolidation
Close back below 1.3300 reopens the 1.32619 weekly low
Reclaim of 1.33400 needed to challenge the pre-drop shelf
GBPUSD slid hard through 1.3300 into a 1.32620 low after soft UK May CPI met USD strength on the retail-sales beat, then stabilised into Asia. Price now grinds a tight 1.3300–1.33185 range, RSI(14) neutral near 56, with the session high capping each push.
Support: 1.3300, 1.3262
Resistance: 1.33185, 1.3340
What it said to watch
UK labour data at 06:00 UTC is the next catalyst and can break this range either way
M15 close above 1.33185 opens room back toward the 1.33400 weekly low
Loss of 1.33000 re-exposes the 1.32620 swing low
04:01 UTC
Downtrend, recovery off lows · RSI 56 · price 1.33161
Impulsive NY drop, basing then ranging.
GBPUSD was knocked sharply lower during NY hours on soft UK CPI and a US retail sales beat, printing a low at 1.32619 before basing and recovering into a 1.3300-1.3318 range. RSI(14) has cooled back to mid-territory as the bounce stalls just under the session high at 1.33185.
Support: 1.3300, 1.3262
Resistance: 1.33185, 1.3371
What it said to watch
UK labour data at 06:00 UTC could shift this read sharply
M15 close above 1.33185 extends the recovery toward 1.3371
Consolidating after sharp NY drop, basing near 1.3310.
Cable sold off hard through the NY session to 1.3262 on the dovish UK CPI miss plus hawkish FOMC dots, then clawed back to range 1.3300–1.3318 in quiet Asia trade. RSI(14) has normalised near 54 and price is holding above EMA20 but capped under the session high at 1.3318.
Support: 1.33003, 1.32619
Resistance: 1.33185, 1.33714, 1.3417
What it said to watch
UK labour data 06:00 UTC and BoE decision 11:00 UTC could materially shift this read
M15 close above 1.3318 session high opens room toward 1.3340 and the 200-dma at 1.3417
Failure to hold the 1.3300 range floor reopens the 1.3262 swing low
03:46 UTC
Downtrend, recovery into consolidation · RSI 56 · price 1.33161
Ranging after sweep of weekly low.
Cable collapsed through 1.3340 into a 1.32619 low during NY hours on the hawkish FOMC dots and soft UK CPI combination, then clawed back. Asia session is now consolidating 1.3305-1.3318, sitting near a 38% retrace of the drop with RSI(14) mid-range.
Support: 1.33045, 1.32619
Resistance: 1.33185, 1.3340
What it said to watch
M15 close above 1.33185 opens room back toward 1.3340 prior high
Loss of 1.33045 session low re-exposes the 1.32619 swing low
UK jobs at 06:00 UTC and BoE at 11:00 UTC could materially shift this read
Cable was hammered to a 1.3262 weekly-low area during NY hours as a hawkish Fed and soft UK CPI lined up against it, then clawed back to consolidate around 1.3315 — sitting on the 38.2% retrace of that drop. RSI(14) mid-range near 56 with price holding above EMA20 but capped under EMA50.
Support: 1.3300, 1.3270, 1.32619
Resistance: 1.33185, 1.33464
What it said to watch
UK jobs 06:00 UTC and BoE 11:00 UTC could materially shift this read
M15 close above 1.33185 session high extends the recovery
Loss of 1.33000 round number reopens the 1.32619 session low
03:31 UTC
Downtrend, basing after selloff · RSI 56 · price 1.33152
Recovery off weekly low, higher lows into Asia.
Cable sold off hard through the NY session to a 1.32619 spike low on soft UK CPI and a hawkish FOMC, then carved a base. Asia hours have ground higher in a chain of higher lows, now testing the 1.33185 session high with RSI(14) mid-range.
Support: 1.33045, 1.32861, 1.32619
Resistance: 1.33185, 1.3342
What it said to watch
UK labour data 06:00 UTC and BoE decision 11:00 UTC could materially shift this read
M15 close above 1.33185 extends the recovery toward the 200-DMA at 1.33420
Failure to hold 1.33045 reopens the 1.32861 swing low
03:16 UTC
Downtrend, stabilising after sharp drop · RSI 50 · price 1.33121
Consolidation above session low post-breakdown.
NY session drove a sharp ~140 pip flush from 1.3403 to 1.3262 on the hawkish FOMC/firm USD read, with cable losing the 1.3417 200-DMA. Asia hours have since built a tight 1.3284-1.3318 range; price is hovering near the 38.2% retrace of the drop with RSI back to neutral.
Support: 1.3284, 1.3262
Resistance: 1.33185, 1.3326, 1.3340
What it said to watch
M15 close above 1.33185 opens the 1.3326 50% fib
Loss of 1.3262 confirms a fresh lower-low
UK jobs 06:00 UTC then BoE 11:00 UTC could materially shift this read
03:16 UTC
Downtrend, recovering off lows · RSI 53 · price 1.33121
Sharp break lower, basing near 1.3300.
Cable was hammered through 1.3340 during NY hours on the soft UK CPI / hawkish-Fed combination, printing a session low at 1.3262 before a grinding recovery into the Asia session. Price now consolidates around 1.3312, holding a chain of higher lows off the low; 1.33185 caps the bounce.
Support: 1.33045, 1.3280, 1.32619
Resistance: 1.33185, 1.3340
What it said to watch
Loss of 1.33045 reopens the 1.3280–1.3262 lows
M15 close above 1.33185 extends the recovery toward 1.3340
UK labour data 06:00 UTC and BoE 11:00 UTC could materially reset this read
Cable cratered from 1.3400 to a 1.32619 swing low after soft UK CPI unwound BoE hike bets, then clawed back to 1.33151 — roughly the 38.2% retrace of the drop. Price is grinding higher lows into the 1.33185 session high, RSI(14) recovering to mid-50s.
Support: 1.3306, 1.3285, 1.32619
Resistance: 1.33185, 1.3368
What it said to watch
M15 close above 1.33185 opens the path back toward 1.33680
Failure to hold 1.33060 reopens the 1.32619 swing low
UK jobs (06:00 UTC) and BoE decision (11:00 UTC) could materially shift this read
03:01 UTC
Downtrend, recovering off lows · RSI 56 · price 1.33151
Post-selloff base, ranging.
Cable was hammered ~140 pips through the session, sweeping from 1.34030 down to a 1.32619 session low on the soft UK CPI / hawkish-Fed combination. Price has since carved a rounded bottom and is now ranging 1.33045–1.33185 along a rising support line, RSI(14) recovered to mid-50s.
Support: 1.33045, 1.32619
Resistance: 1.33185, 1.3340
What it said to watch
Close above 1.33185 range high opens the path back toward the 1.33400 round number
Loss of the rising support and 1.33045 range low re-exposes the 1.32619 session low
UK labour data (~06:00 UTC) and BoE decision (~11:00 UTC) ahead — material risk to this read
02:46 UTC
Downtrend, stabilising after selloff · RSI 53 · price 1.33096
Lower low then recovery, now ranging.
Cable sold off hard through NY hours after soft UK CPI, slicing 1.3340 down to a session low at 1.32619 before buyers recovered to 1.331. Asia session is now consolidating roughly 1.3295–1.3318, with price stalling under the 1.33185 session high and around the 38.2% fib of the drop.
Support: 1.3280, 1.32619
Resistance: 1.33185, 1.33326, 1.33464
What it said to watch
UK labour data 06:00 UTC and BoE decision 11:00 UTC could materially shift this read
M15 close above 1.33185 session high opens path toward the 1.33326 fib 50%
Break below 1.32619 session low confirms continuation of the downtrend
02:46 UTC
Downtrend, stabilising · RSI 51 · price 1.33096
Consolidating above session lows.
Cable broke sharply lower through 1.330 during NY hours to a 1.32619 swing low, driven by soft UK CPI against a hawkish-FOMC dollar bid. Asia session has since clawed back to a tight range between the 1.33045 floor and 1.33185 top, RSI back near 51.
Support: 1.33045, 1.32619
Resistance: 1.33185, 1.34033
What it said to watch
M15 close above 1.33185 range top extends the recovery toward the 1.34033 prior swing
Loss of 1.33045 reopens the 1.32619 swing low
UK labour data 06:00 UTC and BoE 11:00 UTC could materially shift this read
02:31 UTC
Downtrend, basing after selloff · RSI 48 · price 1.3307
Sharp NY drop, higher lows building in Asia.
Cable was hammered through the NY session, sliding from ~1.3403 to a 1.3262 session low as hawkish FOMC repricing and soft UK CPI kept USD bid. Price has since based and recovered to 1.3307, holding the 1.3300 round number with RSI back to mid-range; Asia is ranging 1.3300–1.3318.
Support: 1.3300, 1.3262
Resistance: 1.3318, 1.3340
What it said to watch
Close below 1.3300 reopens the 1.3262 session low
Reclaim of 1.3318 session high needed to extend the recovery
UK jobs 06:00 UTC and BoE 11:00 UTC could materially shift this read
02:31 UTC
Downtrend, basing after selloff · RSI 52 · price 1.3307
Sharp leg lower, then recovery into range.
Cable sold off hard into 1.3262 during late NY hours as soft UK CPI met a hawkish FOMC repricing, then based and recovered to a 1.3318 session high. Price has eased back to 1.3307 in thin Asia trade, holding above the 1.3280 base with RSI(14) neutral near 52.
Support: 1.3280, 1.3262
Resistance: 1.3318, 1.3340
What it said to watch
Close below 1.3280 reopens the 1.3262 swing low
Reclaim of 1.3318 session high would extend the recovery toward the 1.3340 prior shelf
UK labour data 06:00 UTC then BoE decision 11:00 UTC could materially shift this read
02:16 UTC
Downtrend, recovering off lows · RSI 56 · price 1.33122
Higher lows off the 1.32619 base.
Cable was hammered into the NY session on hawkish FOMC repricing and soft UK CPI, dumping from ~1.3400 to a session low of 1.32619 before basing. Price has since carved higher lows back to 1.33122, holding above EMA20 but capped by the 1.33185 session high; RSI(14) near 56, neutral.
Support: 1.33045, 1.32619
Resistance: 1.33185, 1.3340
What it said to watch
M15 close above 1.33185 opens the path back toward 1.33400
Failure to hold rising support / 1.33045 reopens the 1.32619 session low
UK labour data Thu 06:00 UTC then BoE Thu 11:00 UTC could materially shift this read
02:16 UTC
Downtrend, stabilising off lows · RSI 51 · price 1.33122
Sharp break lower, now consolidating.
Cable was hammered through the 1.3410 weekly low into 1.32619 during NY hours as a hawkish FOMC/Warsh repricing lifted the dollar. Price has since clawed back to 1.331 and is consolidating in a tight 1.3305–1.3318 band, RSI(14) back near neutral after the washout.
Support: 1.3280, 1.32619
Resistance: 1.33185, 1.33714
What it said to watch
Close back above 1.33185 extends the recovery toward the 1.33714 bounce high
Loss of 1.32800 reopens the 1.32619 session low
UK jobs data 06:00 UTC and BoE decision 11:00 UTC could materially shift this read
02:01 UTC
Recovering off lows, base building · RSI 62 · price 1.33165
Sharp selloff then higher-low recovery.
Cable was hammered in the prior session — soft UK CPI plus a hawkish FOMC repricing drove a slide from 1.3400 to a 1.32619 session low. Price has since carved a higher-low recovery back to 1.33165, now stalling under the 1.33185 session high with RSI(14) mid-60s.
Support: 1.3300, 1.3280, 1.32619
Resistance: 1.33185, 1.3340
What it said to watch
A close above 1.33185 extends the recovery toward 1.33400
Failure to hold 1.33000 reopens the 1.32800-1.32619 zone
UK labour data 06:00 UTC and BoE decision 11:00 UTC are major risks to this read
02:01 UTC
Recovery off session low after sharp sell-off · RSI 59 · price 1.33165
Higher lows grinding back into the breakdown zone.
Cable was hammered mid-window, dropping from ~1.3403 to 1.32619 on the hawkish FOMC repricing and soft UK CPI backdrop. Price has since rounded a base and ground steadily higher into the NY-Asia transition, now pressing the recovery high at 1.33185 with RSI(14) near 59.
Support: 1.3280, 1.32619
Resistance: 1.33185, 1.3354, 1.3400
What it said to watch
M15 close above 1.33185 extends the recovery toward the 1.33540 drop pivot
Failure to hold 1.32800 reopens the 1.32619 session low
UK labour data at 06:00 UTC (~4h) could materially shift this read
Cable sold off hard through 1.3340 to a session low of 1.32619 as GBP stayed heavy after the soft UK May CPI miss. Price has since carved a rounded base in the 1.328-1.330 zone and is grinding back to 1.33174, stalling at the 38.2% retrace of the drop; RSI(14) recovered to ~62.
Support: 1.3300, 1.32619
Resistance: 1.3320, 1.3337
What it said to watch
Close above 1.33200 extends the recovery toward the 1.33370 swing high
Failure to hold 1.33000 reopens the 1.32619 session low
UK labour data 06:00 UTC could materially shift this read ahead of the BoE
01:46 UTC
Downtrend, bouncing off lows · RSI 61 · price 1.33174
Weekly-low break, recovery in progress.
Cable was slammed from the 1.3400 area to a 1.32619 session low after soft UK May CPI reinforced a dovish BoE read. Asian session has carved a rounded base above 1.32800 and is grinding back to the session high at 1.33177, RSI recovering off oversold.
Support: 1.3300, 1.3280, 1.32619
Resistance: 1.33177, 1.3340
What it said to watch
M15 close above 1.33177 opens the path back toward the 1.33400 pre-drop area
Failure to hold 1.33000 risks a retest of the 1.32619 session low
UK labour data Thu 06:00 UTC and BoE decision 11:00 UTC could materially shift this read
Cable was knocked down through the NY-Asia transition after soft UK May CPI, dumping from ~1.340 to a 1.3262 session low. It has based and recovered through Asia hours to 1.33118, now pressing the 1.33177 session high with RSI(14) back near mid-range.
Support: 1.33003, 1.32619, 1.3280
Resistance: 1.33177, 1.33464, 1.3417
What it said to watch
M15 close above 1.33177 opens the path back toward the 1.33464 pre-drop area
Failure to hold the 1.33003 minor low reopens the 1.32619 session low
UK labour data 06:00 UTC then BoE 11:00 UTC could materially shift this read
Sharp NY-afternoon sell-off broke 1.3340 and bottomed at 1.32619 as GBP stayed heavy after soft UK CPI, followed by a steady Asian-session grind back to 1.33118. RSI(14) near 60 and price has reclaimed EMA20 but remains capped below EMA50; session high 1.33177 is the immediate cap.
Support: 1.3280, 1.32619
Resistance: 1.33177, 1.33464
What it said to watch
M15 close above 1.33177 extends the recovery toward 1.33464
Failure to hold 1.32800 reopens the 1.32619 session low
UK labour data 06:00 UTC and BoE 11:00 UTC could materially shift this read
01:16 UTC
Downtrend, basing after sell-off · RSI 55 · price 1.33076
Recovering off weekly low, building higher lows.
Cable collapsed to a 1.32619 weekly-low area during NY hours as soft UK CPI reinforced a dovish BoE read, then based through the Asia session and is grinding back toward the 1.33177 session high. RSI(14) has recovered to mid-range and price sits above EMA20 but under EMA50, marking a 38.2% retrace of the sell-off.
Support: 1.3300, 1.32685, 1.32619
Resistance: 1.33177, 1.3354
What it said to watch
M15 close above 1.33177 extends the recovery toward the 1.33540 drop pivot
Loss of 1.33000 and a break of 1.32619 confirms a fresh lower low
UK labour data Thu 06:00 UTC and BoE decision 11:00 UTC could materially shift this read
01:16 UTC
Downtrend, basing after sweep · RSI 58 · price 1.33076
Swept weekly low, recovering into Asia.
Cable was hammered through 1.3340 into a 1.32619 sweep low during NY hours after soft UK May CPI undermined BoE hike bets. Price has since reclaimed the 1.3300 psych level and is grinding 1.3300–1.3318 in thin Asian trade; RSI(14) recovered off oversold to the high-50s.
Support: 1.3300, 1.3280, 1.32619
Resistance: 1.33177, 1.3340
What it said to watch
M15 close above 1.33177 opens a retest of the 1.33400 shelf
Loss of 1.32619 confirms a fresh weekly low
UK jobs 06:00 UTC and BoE 11:00 UTC could materially shift this read
01:01 UTC
Downtrend, recovering off lows · RSI 53 · price 1.33074
Sharp break lower, basing and grinding up.
Cable was hit hard during NY hours, breaking through 1.330 to a 1.3262 session low as GBP stayed heavy after the soft UK CPI miss and a hawkish-leaning FOMC kept USD bid. Price has since based above 1.328 and ground back to 1.331, recovering roughly a third of the down-leg with RSI(14) lifting off its lows.
Support: 1.3280, 1.32619
Resistance: 1.33177, 1.33464
What it said to watch
Reclaim of the 1.33177 session high opens the path back toward the 1.33464 breakdown level
Loss of 1.32800 base re-exposes the 1.32619 session low
UK jobs data 06:00 UTC and BoE decision 11:00 UTC are major risks that can reshape this read
01:01 UTC
Downtrend, recovering off lows · RSI 56 · price 1.33074
Sharp selloff then basing/consolidation.
GBP dumped to a 1.32619 session low after the soft UK CPI miss reinforced a steady BoE, then clawed back to consolidate around 1.330. RSI(14) has lifted off oversold near 56 and price has reclaimed EMA20, but supply caps below the 1.33177 session high with EMA50 still overhead.
Support: 1.3285, 1.32619
Resistance: 1.33177, 1.3340
What it said to watch
Close above 1.33177 session high opens the 1.33400 prior swing
Loss of 1.32850 range floor reopens the 1.32619 session low
UK jobs at 06:00 UTC then BoE at 11:00 UTC could materially shift this read
00:46 UTC
Downtrend, stabilising after sharp drop · RSI 57 · price 1.33069
Based at session low, recovering.
Cable was hammered from the 1.340 area to a 1.32619 session low after soft UK CPI met a hawkish FOMC. Asia hours built a base around 1.32985 and broke up to 1.33177 before easing to 1.33070; RSI(14) recovered to mid-50s and ATR is thin at ~9 pips in the quiet session.
Support: 1.32985, 1.3280, 1.32619
Resistance: 1.33177, 1.33464
What it said to watch
Loss of 1.32985 base re-exposes the 1.32619 session low
M15 close above 1.33177 session high extends the recovery toward 1.33464
UK labour data 06:00 UTC and BoE 11:00 UTC could materially shift this read
Selloff into session low, consolidating off the base.
Cable broke down through 1.3340 during NY hours after the soft UK CPI / hawkish FOMC combination, printing a session low at 1.32619 before grinding back to 1.33069 through Asia. Recovery has stalled into the 1.33177 session high, with momentum cooling rather than extending.
Support: 1.3280, 1.32619
Resistance: 1.33177, 1.3337
What it said to watch
M15 close above 1.33177 opens room toward the 1.33370 prior high
Loss of 1.32619 confirms a fresh lower-low
UK jobs (06:00 UTC) then BoE (11:00 UTC) can materially shift this read
00:31 UTC
Downtrend, basing after selloff · RSI 61 · price 1.33091
Sharp NY-into-Asia drop, recovering off lows.
Cable cratered through the late-NY hours, dumping from 1.3395 to a 1.32619 session low as soft UK CPI weighed on GBP against a post-FOMC firm USD. Asia has carved a rounded base near 1.3285 and pushed back to 1.3310, RSI(14) lifting off oversold; the 1.33177 session high caps for now.
Support: 1.32839, 1.32619
Resistance: 1.33177, 1.33464
What it said to watch
Reclaim of 1.33177 session high opens the path back toward the 1.33464 drop origin
Failure to hold the 1.32839 asia base risks a retest of the 1.32619 session low
UK labour data 06:00 UTC and BoE decision 11:00 UTC could materially shift this read
00:31 UTC
Downtrend, recovering off lows · RSI 58 · price 1.33091
Broke weekly low, basing with higher lows.
Cable cratered through the 1.3410 weekly low during NY hours after the soft UK CPI print, bottoming at 1.32619 before basing through the Asia session. Higher lows have built off 1.3262 toward 1.331, RSI(14) recovering near 58; the 1.33180 recent high caps for now.
Support: 1.3280, 1.32619
Resistance: 1.3318, 1.3350
What it said to watch
M15 close above 1.33180 opens the path back toward 1.33500
Failure to hold 1.32800 reopens the 1.32619 swing low
UK labour data 06:00 UTC and BoE 11:00 UTC could materially shift this read
00:16 UTC
Downtrend, stabilising · RSI 58 · price 1.33026
Sharp breakdown then tight consolidation.
Cable sold off hard through NY hours on the soft UK CPI read, breaking down to 1.32619 before stabilising back near the 1.3300 psych level. Asian session is quiet, consolidating 1.32800–1.33035 with RSI recovering off its lows; price holding above EMA20 but well under EMA50.
Support: 1.3300, 1.3280, 1.32619
Resistance: 1.33035, 1.3337
What it said to watch
M15 close below 1.32800 range floor reopens the 1.32619 swing low
Reclaim of 1.33370 prior swing would unwind the breakdown
UK labour data Thu 06:00 UTC and BoE decision 11:00 UTC could materially shift this read
00:16 UTC
Downtrend, attempting to stabilise · RSI 57 · price 1.33026
Sharp NY break lower, Asia consolidating off the low.
Cable sold off hard through the NY session, dropping from ~1.3400 to a 1.3262 session low as soft UK CPI met post-FOMC dollar strength. Asia has stabilised and ground back to the 1.3303 session high; RSI(14) recovered to the mid-50s with price holding above the 1.3280 base.
Support: 1.32797, 1.32619
Resistance: 1.33035, 1.3337
What it said to watch
Reclaim and hold above 1.3337 would unwind the NY break read
Close back below 1.3280 reopens the 1.3262 session low
UK labour data 06:00 UTC then BoE 11:00 UTC can materially shift this read
00:01 UTC
Downtrend, consolidating after sharp drop · RSI 57 · price 1.33005
Range break lower, basing near 1.3300.
Cable collapsed roughly 170 pips during NY hours through the 1.3410 weekly-low region down to 1.3262, on the hawkish FOMC dot plot and soft UK CPI. Since then the Asia session has consolidated 1.3280-1.3302, grinding back to the 1.3300 round number with RSI(14) recovering off its post-drop lows.
Support: 1.32685, 1.32619
Resistance: 1.33021, 1.3337
What it said to watch
UK labour data 06:00 UTC and BoE decision 11:00 UTC could materially shift this read
Close back above 1.33021 micro high opens room toward 1.3337
Failure to hold 1.32685 reopens the 1.32619 session low
00:01 UTC
Downtrend, basing after flush · RSI 52 · price 1.33005
Sharp leg down into 1.3262, now consolidating sub-1.3302.
Cable was flushed through 1.3346 in the NY-Asia transition on the hawkish FOMC dot-plot repricing, bottoming at 1.32619 before basing twice near 1.3280. Price has since ground back to the 1.33020 session high with RSI(14) recovering to mid-range; consolidating 1.3280–1.3302, no fresh extension yet.
Support: 1.3280, 1.32619
Resistance: 1.3302, 1.3370
What it said to watch
UK labour data 06:00 UTC and BoE decision 11:00 UTC could materially shift this read
M15 close above 1.33020 opens the path back to 1.3370
Failure to hold 1.3280 reopens the 1.32619 session low