GBP/USD AI Live Scan, 1-hour chart, Monday, 20 July 2026
Every read JAFX AI made on the GBP/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:02 UTC
Downtrend since midweek peak · RSI 41 · price 1.3426
Lower highs, testing week low.
Sterling topped near 1.3558 midweek then rolled into a steady run of lower highs, sliding back to 1.3426 with price sitting below EMA(20) and EMA(50) throughout the pullback. RSI(14) has held sub-45, confirming the fading momentum after the short-covering rally the digest flags as stretched. The 1.3414 week low capped the latest leg down, with the 1.34 handle Scotiabank cites just beneath.
Support: 1.3414, 1.3400
Resistance: 1.3455, 1.3480, 1.3558
What it said to watch
H1 close below 1.3414 confirms a fresh lower-low toward the 1.34 psych level
Reclaim of 1.3455 would break the sequence of lower highs
UK jobs Tue 06:00 UTC could materially shift this read
23:01 UTC
Downtrend, pullback from week high · RSI 42 · price 1.3426
Lower highs since midweek peak.
GBPUSD topped near 1.3558 midweek on the Burnham/fiscal repricing before a two-session slide dragged price back under both EMAs, printing lower highs into the pullback. The NY session yesterday broke to 1.3414 before a shallow bounce faded back toward 1.3426, keeping the 1.3400 area in focus. Price now sits below EMA20 with RSI(14) hovering in the low 40s, no bullish divergence yet.
Support: 1.3414, 1.3400
Resistance: 1.3480, 1.3558
What it said to watch
Failure to hold 1.3400 confirms extension of the lower-low sequence
H1 close back above 1.3480 week pivot invalidates the lower-high structure
UK jobs Tue 06:00 UTC could materially shift this read
22:01 UTC
Downtrend, near week support · RSI 39 · price 1.34223
Lower highs since mid-week peak, testing 1.34.
GBPUSD rallied off 1.339 to the 1.3558 weekly high early in the window before rolling over into a persistent sequence of lower highs, and price has since retraced most of that impulse. This Monday's push toward the 1.3481 area was rejected and cable now sits back at the 1.34 support flagged by Scotiabank, holding below both EMA20 and EMA50. Sterling had led the majors on political-relief flows, but the digest notes much good news is priced ahead of Tuesday's UK jobs test.
Support: 1.34123, 1.3400
Resistance: 1.3445, 1.3481, 1.35579
What it said to watch
UK jobs Tue 06:00 UTC could materially shift this read
H1 close below 1.34 confirms a lower low and opens 1.3400 psych break
Reclaim of EMA20 near 1.3445 would ease the lower-high pressure
Cable topped near 1.3558 midweek and has since carved a clean sequence of lower highs, sliding back to the weekly-open zone around 1.3420 with price trading below both EMA20 and EMA50. RSI(14) has cycled in the 35-45 band on each bounce, and the 1.3414 swing low was defended once before this latest fade. The 1.34 support flagged by desks is now the pivot as the market braces for UK jobs.
Support: 1.3400, 1.3414
Resistance: 1.3448, 1.3480, 1.3558
What it said to watch
H1 close below 1.34 confirms a lower low and opens further downside
Reclaim of 1.3448 EMA20 would neutralise the lower-high structure
UK labour data Tue 06:00 UTC could materially shift this read
21:02 UTC
Downtrend, pullback off weekly high · RSI 43 · price 1.34305
Lower highs, lower lows since Monday peak.
Cable topped Monday near 1.3558 on the smooth Starmer-to-Burnham handover and firm gilt yields, then bled lower through the week to a low near 1.3413 during NY hours. Price sits below both EMA20 and EMA50 with RSI(14) subdued in the low-40s; the bounce off the week low has so far stalled under the 1.3439 bounce high. A run of lower highs keeps the corrective structure intact.
Support: 1.3413, 1.3400
Resistance: 1.3439, 1.3468, 1.3481
What it said to watch
UK jobs Tue 06:00 UTC (high impact) can materially shift this read
Hourly close back above 1.3468 prior high would break the sequence of lower highs
Failure to hold 1.3413 week low / round 1.34 confirms a fresh lower low
Cable topped near 1.3558 into Tuesday's London hours as the Burnham stability bid and ~5% gilt yields drove the week's rally, but price has since carved a steady sequence of lower highs and lower lows, printing a fresh week low at 1.3413 in the last NY session. Price trades below both EMA20 (~1.3448) and EMA50, and a modest bounce to 1.343 has yet to reclaim the descending resistance. RSI(14) sits in the low-40s, off its lows but with no bullish divergence on the latest leg down.
Support: 1.3413, 1.3400
Resistance: 1.3448, 1.3480, 1.3520
What it said to watch
UK jobs Tue 06:00 UTC is the key catalyst — soft wages could shift this read materially
H1 close below 1.3413 confirms continuation of the lower-low sequence toward 1.3400
Reclaim of 1.3480 prior high would break the descending structure
Cable spiked into the NY session Tuesday to a 1.3558 week high on the smooth Burnham handover and higher gilt yields, then bled lower all week in a series of lower highs, trading below EMA20 and EMA50. Price found a floor with a double bottom near 1.3413 late in the NY session and has bounced back to 1.3436, with RSI(14) recovering off the mid-30s. Grind lower stalling into weekly-open support around 1.3380.
Support: 1.3413, 1.3400, 1.3380
Resistance: 1.3450, 1.3478, 1.3558
What it said to watch
Hourly close back above 1.3450 EMA20 would break the lower-high sequence
Loss of 1.3413 double bottom confirms a fresh lower low toward 1.3380
UK labour data Tue 06:00 UTC (HIGH) could reshape this read
20:01 UTC
Downtrend since mid-week peak · RSI 44 · price 1.34364
Lower highs, lower lows off 1.3558.
GBPUSD peaked near 1.3558 mid-week on the smooth UK political handover and firm gilt yields, then faded steadily into a string of lower highs. Price has traded below EMA(20) since the weekend reopen, sliding to a week low at 1.3414 in the NY session before a modest bounce to 1.3436. The 'much good news priced' read frames the fade as position trimming ahead of Tuesday's UK jobs.
Support: 1.34136, 1.3400
Resistance: 1.3452, 1.3481, 1.35579
What it said to watch
UK jobs Tue 06:00 UTC (high impact) could materially shift this read
H1 close below 1.3414 confirms a lower low toward the 1.3400 round number
Reclaim of EMA20 near 1.3452 needed to challenge the 1.3481 prior high
Cable topped at 1.3558 on the Burnham/gilt-yield bid early in the week and has bled lower since, carving a run of lower highs and trading below both EMA(20) and EMA(50). The post-weekend probe to 1.3413 held and has drawn a shallow bounce back toward 1.3436, keeping the 1.34 psych zone (Scotiabank's cited support) in focus. RSI(14) near 42 reflects fading downside momentum rather than a clear turn.
Support: 1.34136, 1.3400
Resistance: 1.3455, 1.34782, 1.35579
What it said to watch
Tue 06:00 UK jobs report a near-term catalyst that could shift this read
H1 close below 1.3413 confirms a fresh lower low toward 1.34 psych
Reclaim of 1.3455 prior high needed to challenge the lower-highs sequence
19:02 UTC
Downtrend from Tuesday's high · RSI 44 · price 1.34361
Lower highs, lower lows since weekly peak.
GBPUSD spiked to a weekly high near 1.3558 in Tuesday's session on the Burnham fiscal-conservatism bid, then rolled over into a persistent H1 downtrend as an oil-driven USD bid reasserted through the week. Price broke the 1.3440 shelf into last night's NY session, tagged 1.3412 and is now recovering toward the EMA20 at ~1.3450, which has capped every pullback since the peak. RSI(14) sits mid-40s, consistent with a corrective bounce inside the down-leg rather than a trend shift.
Support: 1.3412, 1.3400
Resistance: 1.3450, 1.3481, 1.3558
What it said to watch
UK jobs report Tue 06:00 (broker time) is the near-term catalyst and could shift this read
H1 close back above 1.3450 EMA20 would neutralise the lower-high sequence
Failure to hold 1.3412 opens the 1.3400 psych level
Cable topped near 1.3558 in Tuesday's session and has bled lower all week, printing lower highs into a two-month peak that capped at 1.3481. Price sits below EMA(20) and EMA(50) with a bounce off the week low near 1.3414 lifting it back to 1.3432; RSI(14) recovering from the mid-30s but no break of structure yet. Move fits the digest's 'good news priced' read as sterling unwinds part of its politics-driven rally.
Support: 1.3414, 1.3400
Resistance: 1.3455, 1.3481
What it said to watch
Hourly close back above 1.3455 (ema20) would stall the lower-high sequence
Failure to hold 1.3414 opens the 1.3400 round number
UK jobs Tue 06:00 UTC could materially shift this read
18:01 UTC
Downtrend after mid-week peak · RSI 42 · price 1.34321
Lower highs, testing week low.
GBPUSD rallied from Monday's ~1.338 open to a 1.3558 week high by Wednesday's session, then rolled over into a steady sequence of lower highs. Price sold through yesterday's NY session to 1.3414 — probing the 1.34 psych area Scotiabank flags — before a modest bounce to 1.3432. RSI(14) is cycling in the 40s and price remains capped below EMA(20), keeping the pullback intact.
Support: 1.34136, 1.3400
Resistance: 1.3481, 1.35579
What it said to watch
Failure to hold 1.34136 week low confirms a lower low
H1 close above 1.34810 prior high breaks the lower-high sequence
UK jobs data Tue 06:00 UTC could materially shift this read
GBPUSD peaked near 1.3558 midweek and has ground lower since, with a fresh leg down through the NY session dragging price to a week low at 1.3413 before the current 1.3421 close. The unwind lines up with sterling's 'good news priced' backdrop and a firmer USD carrying an energy/geopolitical premium; price sits below both EMA(20) and EMA(50) with RSI(14) around 33. The 1.34 round level — Scotiabank's flagged support — is the immediate structural test.
Support: 1.3413, 1.3400
Resistance: 1.3468, 1.3481, 1.3558
What it said to watch
Hourly close below 1.34 confirms extension of the lower-low sequence
Reclaim of 1.3468 would break the run of lower highs
UK jobs Tue 06:00 UTC could materially shift this read
Cable topped near 1.3558 midweek and has traded a persistent lower-high sequence since, with sterling's 'good news priced' backdrop capping bounces. The move accelerated into the NY session, breaking below 1.3440 and pressing the 1.34 support Scotiabank flags, price sitting below both EMA(20) and EMA(50). RSI(14) is depressed near 33 without a clean bullish divergence yet.
Support: 1.3400, 1.34136
Resistance: 1.3455, 1.3481, 1.35579
What it said to watch
Hourly close back above 1.3481 would break the lower-high sequence
Failure to hold 1.34 support opens continuation lower
UK jobs data Tue 06:00 UTC could materially shift this read
Cable topped at 1.3558 midweek on the Burnham 'honeymoon' bid and higher gilt yields, but has since carved a steady series of lower highs and lower lows, unwinding almost the entire early-week rally. Price now sits at 1.3418, below EMA(20) and EMA(50), with RSI(14) around 33 as the NY-session slide steepened. The 1.3455 EMA(20) zone capped the last bounce and the 1.34 psych level is the immediate support in focus.
Support: 1.3400, 1.33679
Resistance: 1.3455, 1.3481, 1.35579
What it said to watch
Loss of 1.3400 psych opens the path toward the 1.33679 week low
H1 close back above 1.3455 ema20 would neutralise the lower-high sequence
UK jobs Tue 06:00 GMT (HIGH) could materially shift this read
The week opened near 1.3389 and rallied to the 1.3558 one-year-high area into Tuesday's NY session on the smooth UK leadership handover, then rolled over through the back half of the week. Price has since retraced roughly three-quarters of that impulse and now trades below both EMA20 (~1.3455) and EMA50, pressing the 1.34 support flagged by Scotiabank with RSI(14) near 31. Two attempts at 1.3480 were capped, leaving a sequence of lower highs.
Support: 1.3400, 1.34136
Resistance: 1.3455, 1.3480, 1.3558
What it said to watch
H1 close below 1.3400 confirms loss of the round-number support and a fresh lower low
Reclaim of 1.3455 (ema20) would ease the downside pressure
UK jobs Tue 06:00 GMT could materially shift this read
15:02 UTC
Downtrend from mid-week high, momentum building lower · RSI 39 · price 1.34321
Lower highs, retesting weekly 1.34 base.
GBPUSD topped at 1.3558 mid-week and has carved lower highs since, with a bounce into the NY session capped at 1.3481 before rolling over. Price now trades back below EMA20 (1.3455) and EMA50, pressing the 1.34 base as the softer-USD dip-buy from earlier faded on renewed oil-driven dollar demand. RSI(14) near 39 tracks the weakening tone without yet reaching oversold.
Support: 1.3426, 1.3400
Resistance: 1.3455, 1.3481, 1.3558
What it said to watch
H1 close below 1.3426 confirms a lower low, opening the 1.34 psych level
Reclaim of EMA20 at 1.3455 would ease the downside pressure
UK labour data Tue 06:00 UTC could materially reset this read
15:02 UTC
Pullback from weekly high, momentum down · RSI 40 · price 1.34321
Lower highs since mid-week peak.
GBPUSD spiked to a weekly high at 1.3558 mid-window on the Burnham political repricing, then rolled over and has carved lower highs into the NY session, closing back at 1.3432 below both EMAs. The latest leg faded from the 1.3481 day high with RSI(14) under 50, unwinding part of this week's sterling strength as focus shifts to Tuesday's UK jobs data. The 1.34 round number is the pivot below.
Support: 1.34265, 1.3400
Resistance: 1.3481, 1.35579
What it said to watch
H1 close below 1.3400 extends the pullback and confirms a lower low
Reclaim of 1.3481 day high needed to stall the fade
UK labour data Tue 06:00 UTC could materially shift this read
14:02 UTC
Downtrend off mid-week peak, now consolidating · RSI 47 · price 1.34541
Lower highs since Wednesday, base building near 1.3450.
GBPUSD ran to a mid-week peak near 1.3558 on the sterling political repricing, then faded through Thursday's session into a low around 1.3426. Since Monday's open price has recovered into a tight consolidation around 1.3455, sitting just below EMA20 and EMA50 with RSI(14) cycling in the mid-40s. Monday high at 1.3476 has capped the bounce, keeping the week's lower-high sequence intact.
Support: 1.3444, 1.3426, 1.3400
Resistance: 1.3457, 1.3476, 1.3500
What it said to watch
UK labour data Tue 06:00 UTC could materially shift this read
H1 close above 1.3476 monday high would break the lower-high sequence
Failure to hold 1.3444 session low opens the 1.3426 week low
Week high rejected, lower highs into consolidation.
Sterling rallied hard from Monday's 1.3368 low to a 1.3557 week high mid-week on the political risk repricing, then rolled over into a string of lower highs. Since the weekend gap, price recovered off 1.3437 but stalled at 1.3481 in the NY session and now sits back below EMA20/EMA50 near 1.3454. RSI(14) is neutral around 47 as the week's move consolidates.
Support: 1.34374, 1.34051, 1.3400
Resistance: 1.3481
What it said to watch
H1 close above 1.34810 reopens the path toward the 1.3557 week high
Loss of 1.34374 confirms a lower low toward the 1.34 psych level
UK labour data Tue 06:00 UTC could materially shift this read
GBPUSD spiked to the weekly high near 1.3558 midweek before rolling over into a series of lower highs, and price now consolidates around 1.3454 capped by EMA20/50. RSI(14) sits mid-range near 47 after the pullback, with no momentum extreme. The July political-risk unwind that drove the rally has stalled into the leadership handover, leaving the pair rangebound ahead of Tuesday's UK jobs report.
Support: 1.34374, 1.3400
Resistance: 1.3481, 1.35579
What it said to watch
H1 close back above 1.3481 session high needed to challenge the descending lower-highs line
Failure to hold 1.3437 day low exposes the 1.3400 psych support
UK jobs Tue 06:00 GMT could materially shift this read
Sterling spiked to 1.3558 mid-window on the UK political-risk unwind before rolling over into a series of lower highs and drifting back toward the 1.343 support cited by desks. Since Monday's open price has been boxed in a 1.343-1.348 range, coiling just under EMA20 with RSI(14) hovering near 46. The 1.3481 session high has capped the latest NY-session bounce.
Support: 1.34374, 1.3400
Resistance: 1.3481, 1.35579
What it said to watch
H1 close above 1.3481 reopens the path toward the 1.3558 week high
Failure to hold 1.34374 exposes the 1.34 psych support
UK jobs Tue 06:00 GMT is a high-impact catalyst that could break this range
12:02 UTC
Pullback from midweek high, now consolidating · RSI 54 · price 1.34602
Lower highs off 1.3558 peak, basing in low 1.34s.
GBPUSD spiked to a 1.3558 week high mid-week on Burnham political-risk relief and hawkish BoE pricing, then unwound as an oil-driven USD bid capped the rally. Since the weekend reopen price has based in the low 1.34s, holding above EMA(20) with RSI(14) cycling around 50-55; the descending highs from the peak still frame the pullback. The move higher off 1.3437 today reflects a softer USD tone rather than fresh UK data.
Support: 1.34374, 1.34259, 1.3400
Resistance: 1.3481, 1.3534, 1.35579
What it said to watch
H1 close above 1.3481 needed to challenge the descending highs and week high
Loss of 1.3437 day low opens 1.3426 swing low then 1.3400 psych
UK jobs Tue 06:00 GMT is the near-term catalyst that could shift this read
Bounce within last week's pullback, higher lows building.
Cable rallied to a one-year high near 1.3558 last week then faded to 1.3426, and this week has opened with a grind higher off 1.3437 — price is stalling around the 50% retracement of that rally near 1.3460. The move up is USD-led and positioning-driven rather than fresh UK news, with RSI(14) hovering near 50 and price back above EMA(20) but capped under EMA(50). This week's high at 1.3481 has yet to be reclaimed.
Support: 1.34374, 1.3400
Resistance: 1.3481, 1.35579
What it said to watch
Hourly close above 1.3481 opens the path back toward the 1.3558 prior high
Failure to hold 1.3437 swing low confirms a lower low toward the 1.3400 psych level
UK jobs Tue 06:00 GMT could materially shift this read given stretched GBP positioning
11:01 UTC
Recovery within week range · RSI 56 · price 1.34706
Consolidation below week high, higher lows off the pullback.
GBPUSD peaked near the 1.3556 week high early in the run then bled back to a 1.3426 swing low, and has since carved higher lows to trade back above EMA20 and EMA50. Price is consolidating 1.3450–1.3520 as the Burnham political-risk unwind meets a firmer dollar on the Iran/oil bid; RSI(14) sits mid-range around 56 with no divergence. The 1.3450 pivot is holding as near-term support into the week's UK data.
Support: 1.3450, 1.3426, 1.3384
Resistance: 1.3481, 1.3520, 1.3556
What it said to watch
UK jobs Tue 06:00 GMT could materially shift this read
Sustained break above 1.3520 reopens the 1.3556 week high
Pullback from weekly high, recovering off higher low.
Sterling's political-risk unwind on the Burnham move drove GBPUSD to a ~1-year high at 1.3556 midweek before a two-day pullback bottomed at 1.3426 as a firmer dollar and Middle East risk capped the rally. Price has since reclaimed EMA(20) and is grinding back up toward the 1.3450 pivot area, with RSI(14) recovering to mid-range near 55. EMA(50) at ~1.3485 still caps overhead and marks the pivot back into the prior 1.3450-1.3520 range.
Support: 1.3450, 1.3426, 1.3384
Resistance: 1.3520, 1.3556
What it said to watch
UK jobs Tue 06:00 GMT is the nearest catalyst and could materially shift this read
H1 close above 1.3520 reopens the path to the 1.3556 weekly high
Failure to hold the 1.3450 pivot exposes the 1.3426 pullback low
10:02 UTC
Pullback within this-week uptrend · RSI 52 · price 1.34608
Consolidating below week high after two-session slide.
Cable ran from Monday's 1.3366 base to a 1.3558 week high, then slid two sessions on oil-driven USD safe-haven demand, basing near the 61.8% retrace around 1.3439. Price is now grinding sideways just above EMA20 in a 1.3439-1.3481 band with RSI(14) back to neutral. The 1.3450 pivot flagged by desks is holding as demand steps in on dips.
Support: 1.3439, 1.34259, 1.3450
Resistance: 1.3481, 1.3520, 1.35579
What it said to watch
UK jobs Tue 06:00 UTC is the key catalyst for this read
H1 close above 1.3481 opens the path back to 1.3520
Break below 1.3426 swing low confirms a lower low
10:01 UTC
Pullback off week's high, now consolidating · RSI 51 · price 1.34608
Range near 1.3450 pivot after Wed impulse faded.
Cable ran from Monday's 1.3366 open to a 1.3558 week high midweek, then rolled over into a two-session pullback that bottomed at the 1.34259 week low. Since then price has coiled around the 1.3450 pivot, with buyers stepping in on the London leg into 1.3481 before supply capped it. RSI(14) has reset to the mid-50s and price sits back above EMA(20) but below EMA(50), keeping the read range-bound near the pivot.
Support: 1.3450, 1.34259, 1.3400
Resistance: 1.3481, 1.3508, 1.35579
What it said to watch
UK jobs Tue 06:00 UTC could break this consolidation either way
H1 close above 1.34810 opens the path back toward 1.35080
Failure to hold the 1.3450 pivot exposes the 1.34259 week low
Cable rolled over from Wednesday's 1.3558 high into a stair-step decline to 1.3427, with risk-off, oil-driven USD strength capping rallies through the back half of the week. Monday's session has clawed back toward the 1.3450 pivot and printed a fresh 1.3481 session high, lifting price back above EMA20 while EMA50 still caps just overhead. RSI(14) has recovered to the mid-50s off oversold, confirming the bounce from the twin lows near 1.3427.
Support: 1.3450, 1.3427
Resistance: 1.3481, 1.3520, 1.3558
What it said to watch
H1 close above 1.3481 session high opens the 1.3520 range cap
Failure to hold 1.3450 pivot re-exposes the 1.3427 week low
UK jobs Tue 06:00 UTC is the next catalyst and could reset this read
Faded from 1.3558 to 1.3426, higher lows since Monday's open.
Cable printed a ~1-year high near 1.3558 mid-week then faded for two sessions to 1.3426 as a WTI/Iran-driven USD bid weighed. Since Monday's open price has carved higher lows and reclaimed EMA20, now pressing the 1.3481 session high with RSI(14) recovering through 60. The 1.3450 pivot is holding as near-term support after the weekend gap.
Support: 1.3450, 1.34259, 1.3400
Resistance: 1.3481, 1.35205, 1.35579
What it said to watch
UK labour data Tue 06:00 GMT could materially shift this read
H1 close below 1.3450 pivot reopens the 1.3426 week low
Break above 1.3520 opens the path back to the 1.3558 week high
08:02 UTC
Recovering after mid-week pullback · RSI 56 · price 1.34759
Faded off week high, reclaiming pivot.
Cable faded from the ~1.3556 one-year high mid-week and pulled back to 1.3426 as an Oil-driven USD safe-haven bid weighed on sterling. Price has since recovered back above EMA20 and EMA50, reclaiming the 1.3450 pivot, with RSI(14) cycling back near 56. The 1.3520 swing high capped the last leg up, with the week high at 1.3549 above.
Support: 1.3445, 1.34259, 1.3400
Resistance: 1.35205, 1.35487
What it said to watch
Close back below 1.3450 pivot reopens the 1.3426 swing low and 1.34 psych level
UK jobs Tue 06:00 GMT could materially shift this read
Reclaim of 1.3520 swing high opens the path toward the 1.3549 week high
Bounce from 1.3427 base after retreat from week high.
Cable peaked near 1.3556 midweek then bled back to a 1.3427 base before grinding higher into this session toward 1.3468. Price is reclaiming both EMA(20) and EMA(50) after the weekend gap, with RSI(14) recovering to the mid-50s, though the move stalled as USD firmed on Mideast risk-off. The 38.2% retrace of the week's drop sits around 1.3476, just overhead.
Support: 1.3437, 1.3427, 1.3400
Resistance: 1.3468, 1.3505, 1.3556
What it said to watch
UK labour data Tue 06:00 UTC could materially shift this read
Sustained close above 1.3468 opens the path to 1.3505
Failure to hold 1.3437 reopens the 1.34 support zone
Cable rallied to a ~1yr high near the 1.3556 week high early in the week on Burnham fiscal optimism, then faded roughly half a percent into the 1.3426 week low as a safe-haven USD bid firmed. Price has since carved a rounded recovery back to ~1.3466, holding above EMA20 with RSI(14) recovering through the mid-50s. A weekend gap opened just under 1.3455 and has been filled through the Asia session.
Support: 1.3426, 1.3400
Resistance: 1.3520, 1.3556
What it said to watch
UK labour data Tue 06:00 UTC could materially shift this read
H1 close above the 1.3520 range top reopens the 1.3556 week high
Failure to hold the 1.34 psych confirms a deeper pullback
Cable rallied to a weekly high near 1.3558 mid-week before fading roughly half a percent to 1.3426 as a USD safe-haven bid on Iran/oil pressured it lower. Price has since ground back to 1.3466 through Monday's thin Asia session, reclaiming EMA(20) but still capped below EMA(50) around 1.3480. RSI(14) has cycled back up toward 56 as the two-day slide flattened.
Support: 1.34374, 1.34259, 1.3400
Resistance: 1.3480, 1.3520, 1.35579
What it said to watch
Reclaim above 1.3480 EMA50 would reopen the 1.3520 range top
Loss of 1.3426 weekly low confirms a lower-low toward 1.34 psych
UK labour data Tue 06:00 UTC is the pivot for this read
Lower highs off week peak, consolidating above 1.3426.
Cable faded roughly half a percent from the 1.3558 week high as a USD safe-haven bid on Iran/oil headlines capped the July rally, then based out around the 1.3426 week low. Price has recovered off the Monday low at 1.3437 back through EMA(20) toward the 1.3460 range top, though it still trades below EMA(50). RSI(14) has lifted back near 55 as the two-day pullback stabilises.
Support: 1.34374, 1.34259, 1.3400
Resistance: 1.34595, 1.35579
What it said to watch
UK labour data Tue 06:00 UTC is the pivot for this read
Loss of 1.3426 week low opens the 1.34 psych support
H1 close above the 1.3460 range top reopens the 1.3558 week high
05:02 UTC
Pullback off week high, base forming · RSI 54 · price 1.34659
Retracement into mid-range, recovering.
Cable rallied to a week high near 1.3558 mid-week then faded ~130 pips into a 1.3426 swing low as the USD safe-haven bid (Iran/oil) firmed. Price has since carved a rounded base and is grinding back above EMA(20), though it remains under EMA(50) with RSI(14) recovering through the mid-50s. Action is thin and range-bound in the Asia session ahead of Tuesday's UK labour data.
Support: 1.3426, 1.3400
Resistance: 1.3510, 1.3558
What it said to watch
UK labour data Tue 06:00 UTC is the pivot for BoE hike pricing
H1 close above 1.3510 range top reopens the path to the 1.3558 week high
Failure to hold the 1.34 psych level signals a deeper unwind below the 1.3426 swing low
Cable rallied to a ~1-year high near 1.3556 mid-week before fading roughly 0.5% a day on a USD bid tied to higher oil and safe-haven flows. Price has since based above the 1.3450 pivot and is grinding higher into Monday's Asia session, back through EMA20 with RSI(14) recovering to the mid-50s. The 50% retrace of the week's rally sits around 1.3458 and is being tested from below EMA50.
Support: 1.3450, 1.3426, 1.3400
Resistance: 1.3508, 1.3556
What it said to watch
UK jobs Tue 06:00 UTC is the week's first BoE test and could shift this read
Close above 1.3508 reopens the path toward the 1.3556 week high
Loss of the 1.3450 pivot exposes the 1.3426 week low
Cable rallied to a ~1-year high near 1.3556 midweek before fading two sessions to 1.3426 as a Middle-East oil spike lifted safe-haven USD. Price has since based between 1.3426 and 1.3480, with the new week opening on a small gap down to 1.34514 and grinding back to 1.3462. Holding above EMA(20) but capped under EMA(50), RSI(14) cycling mid-range around 54.
Support: 1.3437, 1.3426, 1.3400
Resistance: 1.3480, 1.3520, 1.3556
What it said to watch
H1 close below 1.3426 confirms a lower low and opens 1.3400
Reclaim of 1.3480 puts the 1.3520/1.3556 range top back in play
UK jobs Tue 06:00 UTC could materially shift this read
03:02 UTC
Faded from week high, now consolidating · RSI 53 · price 1.34588
Pullback off 1.3558 high, sideways above 1.3450 pivot.
Cable rallied to a ~1-year high near 1.3558 midweek then faded roughly 0.5%/day into Friday as a USD safe-haven bid on the oil spike weighed. Price is now consolidating around the 1.3450 pivot, close to the 50% retrace of the week's 1.3351–1.3558 impulse, holding above EMA20 but capped below EMA50. RSI(14) sits mid-range near 53 as the market coils ahead of UK data.
Support: 1.3450, 1.3426, 1.3400
Resistance: 1.3480, 1.3520, 1.3558
What it said to watch
UK jobs (Tue 06:00 UTC) could materially shift this read
Cable's mid-week rally to the ~1.3558 one-year high faded and rolled over into a two-day, USD-led decline as the Middle East oil spike revived safe-haven dollar demand. Price has since based above 1.3440 with RSI(14) idling near the midline, and this week's holds trace out a series of lower highs beneath the weekly peak. Trade sits back above EMA(20) but capped under EMA(50), keeping the structure corrective.
Support: 1.3440, 1.3400
Resistance: 1.3474, 1.3520
What it said to watch
Close below 1.3440 opens the 1.3400 psych support
Reclaim of 1.3474 reopens the path toward 1.3520
UK jobs Tue 06:00 UTC could materially shift this read
Lower highs since Wednesday, consolidating above week low.
Cable pushed to a 1.3556 week high on Wednesday but was rejected short of 1.3600 and faded to the 1.3426 week low on USD safe-haven bids. Since then price has consolidated in the low 1.3440s, reclaiming EMA20 but still trading below EMA50 with RSI(14) parked around the midline. UK jobs Tuesday is the week's first BoE catalyst.
Support: 1.3438, 1.3426
Resistance: 1.3460, 1.3505, 1.3556
What it said to watch
UK employment data Tue 06:00 UTC could materially shift this read
H1 close above 1.3460 opens the path back toward 1.3505
Failure to hold 1.3426 confirms a lower low and extends the decline
Cable pushed to a 1.3558 week high mid-week before reversing lower across two sessions to 1.3426 as USD safe-haven flows on Middle East risk-off firmed the dollar. Price is now consolidating around 1.345, holding just above EMA(20) but capped below EMA(50) with RSI(14) hovering near 50. The 1.3480 prior high has capped the recovery, keeping the descending sequence of lower highs intact.
Support: 1.3437, 1.3426
Resistance: 1.3480, 1.3520, 1.3558
What it said to watch
H1 close above 1.3480 would break the lower-high sequence and open the path to 1.3520
Failure to hold 1.3426 confirms a lower-low and extends the decline
UK employment data Tue 06:00 UTC could materially shift this read
01:02 UTC
Uptrend faded, now consolidating · RSI 47 · price 1.34529
Pullback off week high, mid-range.
Cable rallied from Monday's ~1.3351 base to a week high at 1.3556 on the sterling political-risk unwind, then faded for two sessions as the dollar drew safe-haven bids. Price has since stabilised near the pivot around 1.3450 — roughly the 50% retracement of the week's rally — and is pressing back above EMA(20) with RSI(14) cycling near neutral. The 1.3520-1.3556 zone capped the top and remains the area to watch overhead.
Support: 1.3450, 1.3427
Resistance: 1.3520, 1.3556
What it said to watch
Tue 06:00 GMT UK jobs (HIGH) could materially shift this read in the next sessions
Loss of 1.3450 pivot opens the path back to the 1.3427 week low
H1 close above 1.3520 swing high re-engages the run toward the 1.3556 week high
Lower highs off the week high, holding above pivot.
GBPUSD ran from Monday's ~1.3354 open to a week high near 1.3558 before stalling, then faded for a second session toward 1.3427 as the dollar drew safe-haven bids and soft UK data plus dovish BoE speak capped the top. Price is now consolidating around the 1.3450 pivot, at the 50% retracement of the week's impulse, trading above EMA(20) but under EMA(50). RSI(14) has cycled down to the mid-40s in line with the pullback.
Support: 1.3450, 1.3426, 1.33544
Resistance: 1.3480, 1.3520, 1.3558
What it said to watch
UK jobs Tue 06:00 GMT (unemployment, wages, claimant count) could materially shift this read
Sustained close below 1.3450 pivot exposes the 1.3427 week low
Reclaim above 1.3520 range top needed to reopen the path to 1.3558
Lower highs off 1.3558, consolidating near 1.3445.
Sterling's early-week rally stalled at 1.3558 midweek and has faded across two sessions toward the 1.3426 swing low, price now consolidating around 1.3445 below both EMA20 and EMA50. The fade tracks a firmer dollar drawing safe-haven bids and BoE speak capping the top; RSI(14) sits mid-40s with no divergence. A series of lower highs off the 1.3558 peak defines the pullback structure into the new week.
Support: 1.3426, 1.3380
Resistance: 1.3480
What it said to watch
Tue 06:00 GMT UK jobs (wages/unemployment) could materially shift this read
H1 close below 1.3426 confirms a lower low and opens deeper consolidation
Reclaim of 1.3480 would challenge the lower-highs sequence
00:02 UTC
Uptrend faded, pulling back · RSI 44 · price 1.34447
Lower highs since midweek peak.
GBPUSD's early-week rally stalled near 1.3558 and has faded for a second session toward the 1.3437 day low, with the dollar drawing safe-haven bids and stretched sterling longs unwinding. Price now sits sub-1.3450 pivot, hugging EMA20 while capped by EMA50, and RSI(14) is mid-40s after cycling off the highs. The sequence of lower highs off the peak keeps the pullback structure intact.
Support: 1.34374, 1.34259
Resistance: 1.3450, 1.34757, 1.35579
What it said to watch
UK jobs Tue 06:00 GMT (earnings/unemployment) could materially shift this read
H1 close below 1.34259 confirms a lower low
Reclaim of the 1.3450 pivot and 1.34757 lower high would ease the pullback