GBP/USD AI Live Scan, 1-hour chart, Wednesday, 21 October 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.
23:01 UTC
Uptrend, stalling under 1.3400 · RSI 53 · price 1.3392
Tight range 1.3377–1.3403 under the week high after Tuesday's impulse.
Monday held a 1.3299–1.3342 band around the 1.3306 weekly open, then Tuesday's impulse ran from 1.3296 to the 1.3409 week high, mostly in the NY session as weak US housing data weighed on the dollar. Wednesday's hot UK CPI produced only a dip to 1.3364, the fib 38.2 of that move. Price has since printed higher lows at 1.3372 and the 1.3377 wed low, while four tests of the 1.3400–1.3403 range top drew rejection. Price is sitting on a flattening EMA(20) near 1.3389 with RSI(14) in the low 50s.
Support: 1.3377, 1.3365, 1.3342
Resistance: 1.3402, 1.3409
What it said to watch
An H1 close above the 1.3409 week high breaks the range top that has capped the market since Tuesday
Failure to hold the 1.3377 wed low breaks the line of higher lows; the fib 38.2 at 1.3365, then the 1.3342 monday high, come into view
BoE's Bailey (Thu 10:50 UTC) and US jobless claims (12:30 UTC) could materially shift this read; UK retail sales and PMIs follow Friday
Higher lows intact; lower high under 1.3409 week high.
From the 1.3306 weekly open, the dominant leg came in Tuesday's NY session: a ~110-pip push off 1.3296 to the 1.3409 week high, with Wednesday's CPI dip to the 1.3364 cpi low holding the 38.2% retracement of that impulse. The hot UK CPI print then carried price back to 1.3400 during London. Since then, three attempts at 1.3401–1.3403 have stalled under the psych cap, a lower high than Tuesday's. Price holds the ema20 near 1.3388 and the rising lows line near 1.3382, with RSI(14) flat around 50 as momentum cools.
Support: 1.3388, 1.3364, 1.3306
Resistance: 1.3400, 1.3409
What it said to watch
H1 close above the 1.3409 week high breaks the lower-high cap and resumes the uptrend read
Loss of the rising lows line near 1.3382 and the ema20 shifts the read to a deeper pullback toward the 1.3364 cpi low
A close below the 1.3364 cpi low (38.2% fib) exposes the 50–61.8% zone at 1.3353–1.3339 and weakens the higher-low sequence
BoE Gov. Bailey speech Thu 10:50 UTC could materially shift this read around the 1.3400 psych cap
US Initial Jobless Claims Thu 12:30 UTC during the NY session
Higher lows since Monday; tight range capped near 1.3400.
GBP/USD has climbed from Monday's NY-session week low at 1.3299. Tuesday's push into the London-NY transition printed the 1.3409 week high, and Wednesday's hot UK CPI dip found demand at the 1.3364 cpi low, close to the 38.2% retracement of the Monday-Tuesday rally. Since then price has held above EMA(20) in a tight range, with RSI(14) near 58, while Wednesday's highs stalled repeatedly at the 1.3400 cap as a soft USD offset the post-CPI fade.
Support: 1.3388, 1.3364, 1.3299
Resistance: 1.3403, 1.3409, 1.3480
What it said to watch
H1 close above the 1.3409 week high clears the cap, with 1.3480 prior supp the next reference
Pullbacks holding ema20 near 1.3388 keep the higher-lows trendline intact
Loss of the 1.3364 cpi low breaks the higher-low sequence and puts the Monday-Tuesday rally's 50–61.8% zone in play
BoE Gov. Bailey speech Thu 10:50 UTC could materially shift this read
US Initial Jobless Claims Thu 12:30 UTC could shift this read
20:01 UTC
Uptrend, stalling under 1.3400 · RSI 54 · price 1.33837
Higher lows since Monday, flat cap at 1.3400–1.3409.
GBP/USD has built higher lows from Monday's 1.3296 base. The dominant leg came in Tuesday's NY session, when the US housing misses drove a run to the 1.3409 week high, and Wednesday's UK CPI beat lifted London back to the 1.3400 round number after a CPI low at 1.3364. Supply has capped three attempts at 1.3400–1.3409. The last NY hour slipped back below EMA(20) at 1.3387 to sit on the higher-lows trendline near 1.3383, with RSI(14) cooling to the mid-50s.
Support: 1.3379, 1.3364, 1.3336
Resistance: 1.3387, 1.3400, 1.3409
What it said to watch
H1 close below the 1.3379 ny low breaks the higher-lows trendline and opens the 1.3364 cpi low near the 38.2% retracement
Failure at 1.3364 exposes the 1.3336 tue low and the 50% retracement around 1.3353
Sustained close above the 1.3409 week high ends the 1.3400 cap read
Reclaiming EMA(20) at 1.3387 keeps the pullback-and-hold cycle intact
BoE Bailey speech Thu 10:50 UTC and US jobless claims 12:30 UTC could materially shift this read
19:01 UTC
Uptrend, compressing under week high · RSI 67 · price 1.34016
Higher lows beneath flat 1.3400–1.3409 cap.
From the 1.3306 weekly open and Monday's 1.3296 low, the week rally came on Tuesday: a London leg on the labour data, then an NY extension to the 1.3409 week high after the US housing misses. Wednesday's CPI beat produced a dip to the 1.3364 cpi low that was bought straight back to 1.4000-area highs. Price has since printed higher lows at 1.3379 and sits back near 1.3400 above a rising EMA(20), but each push has stalled below 1.3409, a flat-topped compression with RSI(14) holding the mid-60s.
Support: 1.3379, 1.3364, 1.3306
Resistance: 1.3409, 1.3480
What it said to watch
H1 close above the 1.3409 week high breaks the cap and puts the 1.3480 prior supp area in view
Close below the 1.3379 swing low and the higher-lows trendline ends the compression read
Loss of the 1.3364 cpi low unwinds the CPI pop and points back to the week rally's 50–61.8% retracement
BoE Gov. Bailey Thu 10:50 UTC could materially shift this read; US jobless claims Thu 12:30 UTC
18:01 UTC
Uptrend since Monday's low, stalling under 1.3400 · RSI 62 · price 1.33961
Higher lows into a flat 1.3400/1.3409 cap, compressing.
From Monday's 1.3296 low, the pair climbed through the 1.3306 weekly open. The dominant leg came in Tuesday's NY session to the 1.3409 week high after the mixed UK labour data. Wednesday's hot UK CPI drew an early London dip to the 1.3364 cpi low, which held near the 38.2% retracement, before a push back to the 1.3400 round number. Three tests of 1.3400/1.3409 since Tuesday have printed lower highs while dips set a higher low at 1.3379 in NY hours, and price holds above EMA(20) and EMA(50) with RSI(14) near 62, below overbought.
Support: 1.3379, 1.3364, 1.3306
Resistance: 1.3400, 1.3409
What it said to watch
H1 close above the 1.3409 week high breaks the lower-highs cap and ends the compression read
Failure to hold the 1.3379 higher low breaks the rising trendline and exposes the 1.3364 cpi low
Loss of 1.3364 opens the 50% retracement near 1.3353, with the 1.3306 weekly open below
BoE Gov. Bailey speech Thu 10:50 UTC could materially shift this read
US jobless claims Thu 12:30 UTC and Friday's UK/US PMIs could break the compression
Higher lows since Monday's low, capped twice at 1.3400–1.3409.
The week opened at 1.3306 and printed its low at 1.3296 late Monday. Tuesday's advance accelerated during NY hours as soft US housing data weighed on USD, tagging the 1.3409 week high. Wednesday's hot UK CPI drove a whipsaw to the 1.3364 cpi low at the London open, a 38.2% retracement of the week impulse that held, before the rebound stalled again at the 1.3400 round number; price now sits just above EMA(20) near 1.3384, with RSI(14) cooled to ~59 and the higher-low trendline converging on the same area.
Support: 1.3384, 1.3364, 1.3306
Resistance: 1.3400, 1.3409
What it said to watch
H1 close above the 1.3409 week high breaks the 1.3400 cap
Loss of EMA(20) and the higher-low trendline near 1.3384 exposes the 1.3364 cpi low
Break below 1.3364 ends the higher-low sequence and opens a deeper retracement toward the week open at 1.3306
Bailey speech Thu 10:50 UTC and US jobless claims Thu 12:30 UTC could materially shift this read
Higher lows since Monday, lower high at 1.3403 under week high.
GBP/USD has printed higher lows since Monday's 1.3296 low. The week's dominant leg came in Tuesday's NY session, running to the 1.3409 week high as weak US housing data hit the dollar. Hot UK CPI on Wednesday drove an early dip to the 1.3364 cpi low, which sits at the 38.2% retracement of that leg. London then lifted price to 1.3403, a lower high just under the 1.3400 area. The pullback since 13:00 UTC has brought price back onto the rising trendline and EMA(20) near 1.3382, with RSI(14) easing to the mid-50s.
Support: 1.3382, 1.3364, 1.3306
Resistance: 1.3403, 1.3409
What it said to watch
H1 close below the trendline and EMA(20) near 1.3382 shifts the read from trend support to a deeper retracement
Failure to hold the 1.3364 cpi low completes a double top below the week high and prints a lower low
H1 close above the 1.3409 week high clears the lower high and resumes the uptrend
Weekly open at 1.3306 marks the full giveback of this week's rally if the cpi low gives way
Bailey speech Thu 10:50 UTC and US jobless claims Thu 12:30 UTC could materially shift this read
15:02 UTC
Uptrend, stalling at week high · RSI 58 · price 1.33827
Higher lows since Monday, flat cap at 1.3400-1.3410.
Since the 1.3306 weekly open, GBPUSD has stepped up through higher lows: the 1.3296 week low near the Monday rollover, Tuesday's London swing low at 1.3336, then today's low at 1.3364 on the hot UK CPI beat. That today low also sits on the 38.2% retracement of the week's impulse. Tuesday's NY session and today's London session drove the gains, but both pushes stalled in the 1.3400-1.3410 zone, at the 1.3409 week high and today's high at 1.3403. RSI(14) has cooled from above 80 on Tuesday to about 58 as NY hours drift back onto EMA(20) near 1.3381 and the higher-low line.
Support: 1.3381, 1.3364, 1.3336
Resistance: 1.3403, 1.3409
What it said to watch
H1 close below EMA(20) and the higher-low line near 1.3380 shifts the read from trend to range
Failure to hold today's low at 1.3364 breaks the higher-low sequence and exposes the 1.3336 swing low near the 61.8% fib
Acceptance above the 1.3409 week high clears the two-test cap; 1.3480 is the next reference
BoE Bailey Thu 10:50 UTC and US jobless claims Thu 12:30 UTC could materially shift this read
14:01 UTC
Uptrend, momentum slowing near week high · RSI 72 · price 1.33981
Higher lows since Monday, pressing 1.3400-1.3409 cap.
GBPUSD is up roughly 100 pips from Monday's NY-session week low at 1.3299. The dominant leg came in Tuesday's London-NY transition, reaching the 1.3409 week high. Today's hot UK CPI produced an early-London dip to the 1.3364 session low that held the higher-low trendline, and price has since recovered above EMA(20) to press the 1.3403 session high. RSI(14) near 72 is overbought but well below Tuesday's peak despite a marginally higher close, showing slowing momentum under the week high.
Support: 1.3384, 1.3364, 1.3299
Resistance: 1.3403, 1.3409
What it said to watch
H1 close above the 1.3409 week high extends the week's impulse; repeated rejection at 1.3403-1.3409 with fading RSI points to consolidation instead
Loss of EMA(20) near 1.3384 and then the 1.3364 session low would break the higher-low trendline sequence
Below 1.3364, the 61.8% retracement of the week's impulse near 1.3341 comes into play, with the 1.3299 week low as the move's origin
Bailey's speech today (13:00 UTC) and Thursday 10:50 UTC remarks, plus Thursday US jobless claims, could materially shift this read
13:01 UTC
Uptrend, pressing week high · RSI 68 · price 1.33984
Higher lows since Monday, capped below 1.3400–1.3409.
GBP/USD has printed higher lows since Monday's NY-session dip to 1.3299. Tuesday's firm labour data and a NY-session push carried the week's impulse to a 1.3409 week high, and today's hot CPI print pulled price to a 1.3364 CPI low that held the 38.2% retracement, matching Tuesday's pullback. Price is now consolidating just under the 1.3400 round number, with EMA(20) at 1.3381 rising beneath and RSI(14) near 68.
Support: 1.3381, 1.3364, 1.3336
Resistance: 1.3400, 1.3409
What it said to watch
An H1 close above the 1.3409 week high clears the cap set during Tuesday's NY session
Bailey's speech at 13:00 UTC could materially shift this read; one-and-done framing risks rejection at the 1.3400 round number
Repeated H1 closes below EMA(20) at 1.3381 would end the current push off the CPI low
Loss of the 1.3364 CPI low breaks the higher-low trendline, with the 1.3336 swing low from Tuesday's London session next
Higher lows since Monday; 1.3364–1.3409 range below week high.
After a dip to the 1.3296 week low late Monday, Tuesday's firm UK labour data and a NY-session extension drove the week's impulse to the 1.3409 week high. Price has since held a 1.3364–1.3409 range. Today's hot UK CPI produced a spike down to the 1.3364 range low at the London open, followed by a recovery to 1.3401, but the 1.3400 psych level has capped price again, consistent with a hike already priced. Price is holding above the ema20 near 1.3383, with RSI(14) in the low 60s, not stretched despite the London rally.
Support: 1.3383, 1.3364, 1.3296
Resistance: 1.3400, 1.3409
What it said to watch
Bailey speaks at 13:00 UTC; hawkish or cautious framing could decide the 1.3400 psych / 1.3409 week high cap
H1 close above 1.3409 week high breaks the range and extends the higher-high sequence
Loss of the ema20 near 1.3383 would put the 1.3364 range low back in focus
Close below 1.3364 range low breaks the higher-lows trendline and the 38.2% fib, exposing 1.3296 week low
Friday US S&P PMIs as the next USD-side driver for the range
Higher lows since Monday's low, capped at the week high.
The week opened at 1.3306 and dipped to 1.3296 late Monday. The pair then rallied through Tuesday's NY session to a 1.3409 week high, helped by firm UK jobs data and soft US housing figures. The hot UK CPI swing this morning found demand at the 1.3364 cpi low, near the 38.2% retracement of that leg, keeping the higher-low trendline intact. London has since pushed price back above the ema20 to retest the 1.3400 round number, but supply is still capping the 1.3400–1.3409 zone with RSI(14) in the mid-60s.
Support: 1.3383, 1.3364, 1.3306
Resistance: 1.3400, 1.3409
What it said to watch
H1 close above the 1.3409 week high extends the uptrend into fresh one-month highs
A second stall at the 1.3400 round number would leave a two-day cap at the week high
A break below the 1.3364 cpi low snaps the higher-low trendline and puts the 1.3306 weekly open in view
Loss of the ema20 near 1.3383 would mark the first pullback since the London push
Bailey speech Thu 10:50 UTC and US claims Thu 12:30 UTC could materially shift this read
10:01 UTC
Uptrend, pressing the week high · RSI 65 · price 1.33955
Higher lows since Monday; 1.3400–1.3409 cap tested twice.
GBPUSD has printed higher lows since Monday's 1.3296 low. The dominant leg came at Tuesday's NY open as USD slipped on weak housing data, carrying price to a 1.3409 week high. Wednesday's hot UK CPI drew a choppy dip to a 1.3364 cpi low that matched Tuesday's pullback low and the 38.2% fib of the week's impulse, before London lifted price back to the 1.3400 round number with RSI(14) near 65 and price holding above the ema20 around 1.3376.
Support: 1.3376, 1.3364, 1.3306
Resistance: 1.3400, 1.3409
What it said to watch
H1 close above the 1.3409 week high extends the higher-high sequence; a second stall there leaves a potential double top against the round number
Pullbacks holding the ema20 near 1.3376 keep the H1 cycle intact
Loss of the 1.3364 cpi low breaks the rising trendline and the 38.2% fib, opening the path to the 1.3306 weekly open
BoE Governor Bailey (Thu 10:50 UTC) and US jobless claims (Thu 12:30 UTC) could materially shift this read
Higher lows since Monday's low; tight hold under 1.3400 after Tuesday's impulse.
GBPUSD has printed higher lows since Monday's 1.3296 low. The dominant leg came into the NY session Tuesday, when hawkish UK jobs data and Greene's pay comments carried the impulse to a 1.3409 week high. Wednesday's hot CPI produced a dip to the 1.3364 CPI low, the 38.2% of that impulse, which was absorbed; price has since reclaimed EMA(20) near 1.3372 and trades at 1.3389 in early London, with RSI(14) near 68 and the 1.3400 round number capping since Tuesday.
Support: 1.3372, 1.3364, 1.3306
Resistance: 1.3400, 1.3409
What it said to watch
H1 close above the 1.3409 week high clears the 1.3400 round number cap that has held since Tuesday's NY session
Break of the 1.3364 CPI low and the higher-lows trendline (~1.3368) would end the sequence and expose the 61.8% of the impulse near 1.3339
A slide back to the 1.3306 weekly open would erase Tuesday's breakout
Bailey speaks Thu 10:50 UTC; as the key test of Nov 5 hike pricing, it could materially shift this read
Higher lows since Thursday; tight post-impulse consolidation above EMA(20).
GBPUSD has printed higher lows since Thursday's 1.3231 trough. Tuesday's labour-data beat at London open and a USD dip during NY hours drove the week's impulse from the 1.3296 week low to a 1.3409 week high. Price has since compressed in a roughly 20-pip consolidation above EMA(20) near 1.3369, and the hot CPI print whipsawed the London open between a 1.3364 cpi low and a 1.3385 cpi high without breaking that range. RSI(14) has cooled to around 60 from overbought on Tuesday, and the cpi low sits on the 38.2% retracement of Tuesday's impulse.
Support: 1.3364, 1.3353, 1.3296
Resistance: 1.3385, 1.3409
What it said to watch
H1 close below the 1.3364 cpi low exposes the fib 50% at 1.3353 and the 61.8% near 1.3339
H1 close above the 1.3385 cpi high puts the 1.3409 week high back in focus
BoE Gov. Bailey Thu 10:50 UTC could materially shift this read, with Nov 5 hike pricing already rich
Failure of the higher-low trendline (~1.3318) and the 1.3296 week low would break the week's uptrend structure
Tight consolidation above EMA20 beneath the week high.
Monday held a 1.3297–1.3342 range above the 1.3306 weekly open. Tuesday's labour-data beat lifted price in the London session, and Iran-linked USD selling then drove a second leg during NY hours from the 1.3337 NY base to a 1.3409 week high. Since then H1 has compressed in a 20-pip box. The 1.3365 pullback low sits on the 38.2% retracement of the week impulse, and EMA(20) near 1.3369 is rising into it. RSI(14) has cooled to the high 50s from overbought. This morning's hot CPI print has so far only pushed the post-release bar to a 1.3385 session high.
Support: 1.3365, 1.3337, 1.3306
Resistance: 1.3385, 1.3409
What it said to watch
Hourly close above the 1.3409 week high extends the breakout leg; repeated failure at the 1.3385 session high keeps the consolidation intact
Loss of the 1.3365 pullback low and EMA(20) opens the 50–61.8% zone toward the 1.3337 NY base
Break below the NY base would erase Tuesday's NY leg and shift focus to the 1.3306 weekly open
BoE Gov. Bailey speaks Thu 10:50 UTC; his guidance on follow-up hikes could materially shift this read
Confirmation or denial of US-Iran deal reports remains a headline risk for the USD leg of the move
Higher highs and higher lows; tight consolidation above the 38.2% retrace.
Cable has built higher lows from Thursday's 1.3231 to Monday's 1.3296 week low. Tuesday's UK jobs beat at London open, then broad USD softness on Iran-deal hopes during NY hours, drove the breakout through Friday's 1.3371 high to a 1.3409 week high. The NY pullback held at 1.3365, the 38.2% fib of that leg. Since then the Asian range has compressed below the 1.3385 range top, with price just above EMA(20) and RSI(14) easing into the mid-60s.
Support: 1.3365, 1.3337, 1.3296
Resistance: 1.3385, 1.3409
What it said to watch
UK September CPI at 06:00 GMT (f/c 3.4% y/y, core 2.7%) could materially shift this read; a miss puts the jobs-rally gains at risk
H1 close below the 38.2% fib at 1.3365 and EMA(20) exposes the 1.3337 London low, near the 61.8% retrace
H1 close above the 1.3385 range top reopens the 1.3409 week high and the 1.3400 handle
Failure to hold the 1.3296 week low would break the rising lows sequence
Higher low Monday, impulse to 1.3409, pennant since.
Cable cleared Friday's 1.3371 high on Tuesday. The jobs beat lifted London, and a softer USD on Iran-deal reports drove the larger NY leg to a 1.3409 week high. Since then price has compressed into a pennant between the 1.3365 pullback low and the 1.3385 lower high, holding above EMA(20) near 1.3367 and the 38.2% fib of the Monday-to-Tuesday leg, while RSI(14) has eased to the low 60s.
Support: 1.3365, 1.3336, 1.3306
Resistance: 1.3385, 1.3409
What it said to watch
UK CPI at 06:00 GMT (f/c 3.4% y/y, core 2.7%) is the likely catalyst for a break of the pennant
H1 close above the 1.3385 lower high reopens the 1.3409 week high and the 1.3400 handle
Loss of the 1.3365 pullback low and EMA(20) exposes the 50% fib near 1.3353 and the 1.3336 london low
A move back below the 1.3306 weekly open would unwind Tuesday's breakout
Higher lows; tight consolidation above EMA20 after impulse to 1.3409.
Cable broke out of Monday's 1.3300–1.3340 range on Tuesday's UK jobs beat at London open. It then extended to a 1.3409 week high into the NY open as the USD softened on US-Iran deal reports. The pullback stalled at 1.3365, where EMA(20) and the 38.2% retracement of the week impulse converge, and price has since compressed into a roughly 10-pip Asian range below the 1.3385 lower high, with RSI(14) cooling from overbought into the mid-50s.
Support: 1.3365, 1.3339, 1.3306
Resistance: 1.3385, 1.3409
What it said to watch
UK September CPI at 06:00 GMT (f/c 3.4% y/y, core 2.7%) lands within hours and could materially shift this read
H1 close above the 1.3385 lower high puts the 1.3409 week high and the 1.3400 handle back in play
Close below 1.3365 (ema20 / 38.2%) exposes the 61.8% fib at 1.3339
Failure to hold the 1.3306 weekly open returns price to Monday's range and the rising-lows trendline near 1.3315
Cable cleared Friday's 1.3371 prior high on Tuesday. The first push came on the 06:00 GMT UK jobs beat, and a larger NY-hours leg followed as USD softened on Iran-deal reports and weak housing data, printing a week high at 1.3409 from Monday's 1.3296 week low. Since then price has drifted in a 1.3365–1.3385 band with lower highs below the 1.3385 ny high, holding EMA(20) near 1.3366 and the 38.2% fib of the Tuesday impulse, while RSI(14) has cooled to the high 50s from overbought.
Support: 1.3371, 1.3336, 1.3296
Resistance: 1.3385, 1.3400, 1.3409
What it said to watch
H1 close back below the 1.3371 prior high and EMA(20) exposes the london low at 1.3336, near the 61.8% fib
H1 close above the lower highs line and the 1.3385 ny high reopens the 1.3400 round number and the 1.3409 week high
UK CPI at 06:00 GMT (f/c 3.4% y/y, core 2.7%) is roughly 4h away and could materially shift this read; a soft print puts the 1.3300 area and the 1.3296 week low back in focus
Failure to hold the 1.3296 week low would unwind the week's breakout structure
Higher lows since Tuesday's Asia low; tight post-breakout consolidation.
Cable spent Monday ranging around the 1.3306 week open, then the UK jobs beat lifted it early in London on Tuesday. Broad USD softness on US-Iran deal reports drove the main leg during NY hours, through Friday's 1.3371 high to a 1.3409 week high. Since then price has compressed in a 1.3365–1.3385 band. That band runs from Tuesday's ny low to the range top and sits just above the 38.2% retracement of the 1.3296–1.3409 impulse, with EMA(20) flattening underneath and RSI(14) easing from the mid-60s.
Support: 1.3365, 1.3337, 1.3306
Resistance: 1.3385, 1.3409
What it said to watch
UK CPI at 06:00 UTC (f/c 3.4% YoY, 2.7% core) could materially shift this read, with a hike near-fully priced
H1 close above the 1.3385 range top and then the 1.3409 week high extends the uptrend sequence
Failure to hold the 1.3365 ny low exposes the fib 61.8 cluster near 1.3337, Tuesday's London pullback low
A return below the 1.3306 week open would negate this week's breakout structure
Monday higher low at 1.3296, Tuesday breakout above Friday high, now retesting it.
Cable has climbed from Monday's 1.3296 low after a London-open lift on Tuesday's UK jobs beat and a NY-session extension to the 1.3409 week high, with the move helped by USD softness on US-Iran deal hopes. Price has since slipped back to the Friday high at 1.3371. The pullback low at 1.3365 lines up with the ema20 and the 38.2% fib of the week's impulse. Overnight bars are capped by a lower high at 1.3385, and RSI(14) has eased from overbought to the low 60s.
Support: 1.3371, 1.3365, 1.3336
Resistance: 1.3385, 1.3400, 1.3409
What it said to watch
UK CPI at 06:00 UTC (f/c 3.4% YoY) could materially shift this read; with a BoE hike near fully priced, a miss carries outsized downside risk
H1 close below the ema20 and 38.2% fib at 1.3365 opens the 50% at 1.3353 and the tue base at 1.3336
Close above the 1.3385 lower high, then the 1.3400 psych level and the 1.3409 week high, resumes the breakout
Failure to hold the friday high at 1.3371 turns the breakout retest into a false break
Bailey Thursday and any US-Iran deal denial could revive USD and change the read
Higher lows since Monday; breakout above Friday high, pullback retest.
Cable broke out of Monday's 1.3296–1.3342 range on Tuesday's UK jobs beat during London. The NY session then extended the move to a 1.3409 week high as USD sold off on US-Iran deal reports. The pullback has held 1.3365, where the ema20/fib38 zone (EMA(20) plus the 38.2% retracement of the Monday-low-to-Tuesday-high leg) sits just under Friday's 1.3371 high, with RSI(14) easing to ~58 and the late ny high at 1.3385 capping the drift.
Support: 1.3366, 1.3336, 1.3306
Resistance: 1.3385, 1.3409
What it said to watch
UK CPI Wed 06:00 UTC (f/c 3.4% YoY, core 2.7%) could materially shift this read; a soft print against near-full BoE hike pricing risks unwinding Tuesday's breakout
H1 close below the 1.3366 ema20/fib38 zone and the rising trendline opens a deeper retracement toward the 1.3336 london low near the 61.8% level
H1 close above the 1.3385 late ny high reopens the 1.3409 week high and the 1.3400 round number
Failure to hold the 1.3306 weekly open would erase the week's gains and negate the higher-low sequence
US-Iran deal confirmation or denial could swing USD and override the UK data read