GBPUSD has trended lower all week from the 1.3481 open, shedding ground after Tuesday's soft UK labour data and Monday's cool June CPI (2.6% vs 2.7% f/c) kept the pound heavy below the 1.3400 pivot. The dominant leg down through the NY session bottomed at 1.33547 before price steadied into a tight 1.3370-1.3390 consolidation. RSI(14) sits in the mid-40s, flat rather than oversold, with price hugging the underside of EMA(20).
Support: 1.33547, 1.34014
Resistance: 1.33906, 1.3400, 1.3481
What it said to watch
H1 close above the 1.3400 pivot would challenge the string of lower highs
Loss of 1.33547 week low confirms downtrend continuation
UK Retail Sales Fri 06:00 GMT and PMIs 08:30 GMT are the week's key GBP catalysts and could reset this read
Lower highs into fresh weekly low, now consolidating.
GBPUSD has bled lower since Monday's open, losing near 1.2% on the week after June UK CPI cooled to 2.6% and fiscal worries weighed on sterling. The NY session drove the last leg down to a fresh weekly low at 1.3355 before price stalled and drifted sideways just above it, with RSI(14) basing in the low 40s and price pinned under both H1 EMAs. The 1.3390 session high has capped bounces and the 1.3400 pivot remains the line the week has traded beneath.
Support: 1.3355, 1.3360
Resistance: 1.3390, 1.3400, 1.3383
What it said to watch
H1 close below 1.3355 confirms a lower low and opens the path toward the 1.3140 area
Reclaim of 1.3400 pivot would invalidate the downtrend read and expose the 50d ema at 1.3383
UK Retail Sales and S&P Global PMIs Fri are the week's key GBP catalysts and could materially shift this read
Cable has trended lower all week, shedding ground into the NY session after Wednesday's soft UK CPI trimmed BoE tightening odds and kept GBP heavy sub-1.3400. Price found a base twice near 1.3355 and bounced to 1.339 before fading, now consolidating around 1.3370 below both H1 EMAs. RSI(14) near 42 reflects the tired downside; the 50-day EMA around 1.3383 has capped attempts back up.
Support: 1.33547, 1.3350
Resistance: 1.3383, 1.33891
What it said to watch
H1 close above 1.3383 (50d ema) would ease the downside pressure
Break below 1.33547 week low opens the path toward the 1.3140 zone
UK Retail Sales + S&P Global PMIs Fri could materially shift this read
Cable has shed ground all week, sliding from Tuesday's 1.3480 area to a 1.3355 low after Wednesday's softer UK CPI trimmed BoE tightening bets. Price is now consolidating in a tight 1.3355-1.3391 band through the last Asia/quiet session, holding below EMA20 and EMA50 with RSI(14) cycling in the low-40s. The 50-day EMA near 1.3383 has capped the last two rebound attempts.
Support: 1.33547, 1.3350, 1.3314
Resistance: 1.3383, 1.33951, 1.3429
What it said to watch
H1 close below 1.3355 weekly low confirms a lower-low, opening the 1.3140 8-mth low zone
Reclaim of the 1.3383 ema50 cap would ease the downside pressure toward 1.3429
UK Retail Sales and PMIs Fri could materially shift this read
Cable has faded roughly a big-figure from Monday's 1.3470 open, extending the slide after the softer UK CPI print eased BoE hike bets. Price is pinned below the 1.3400 pivot, having based around the 1.3355 week low and drifting sideways through the NY session near 1.3375. RSI(14) sits mid-range near 49 with price below both EMA20 and EMA50, keeping the tone consolidative with a bearish tilt.
Support: 1.33547, 1.33656
Resistance: 1.33906, 1.3400, 1.34482
What it said to watch
H1 close below 1.3355 week low confirms a fresh lower low toward the 1.3140 area
Reclaim of the 1.3400 pivot / 1.3391 swing high would negate the sub-1.3400 cap
Friday Retail Sales and S&P Global PMIs are the week's key GBP catalysts and could reset this read
Cable extended its four-day slide, dropping from 1.3481 to a 1.3355 swing low after the soft UK CPI print eased BoE hike bets and left Sterling the week's laggard. Price is now consolidating just under 1.3375, capped below the 1.3383 50-day EMA and the 1.3400 pivot, with RSI(14) hovering near 49. The last stretch of bars has flattened into a tight range after the NY-session bounce off the low.
Support: 1.33547, 1.33595
Resistance: 1.3383, 1.3400, 1.33951
What it said to watch
H1 close above 1.3383 then 1.3400 would neutralise the downtrend read
Failure to hold 1.3355 opens the path toward the 8-month low near 1.3140
Friday's UK Retail Sales and PMIs are the week's key GBP catalysts
Cable has been the week's laggard, sliding from Monday's open near 1.3471 after the softer UK CPI print eased BoE hike bets. The move bottomed at the 1.3355 week low into the NY session and has since flattened into a tight consolidation below EMA20 around 1.3373, with RSI(14) basing in the mid-40s. Lower highs into 1.3391 remain intact and the 1.3400 round number continues to cap.
Support: 1.3355, 1.3369
Resistance: 1.3391, 1.3400
What it said to watch
H1 close above 1.3391 swing high would break the lower-high sequence
Break below 1.3355 week low extends the downtrend toward the 1.3140 area
Friday's UK Retail Sales and S&P Global PMIs could materially shift this read
Cable has faded steadily this week, sliding from a Monday high near 1.3481 to a week low at 1.3355 after the softer UK CPI print eased BoE hike pressure. Price is now consolidating sub-1.3400, pinned below EMA20 and EMA50 with RSI stuck near 46. The 1.3383 50-day EMA and the 1.3400 pivot have capped every bounce, keeping the structure of lower highs intact.
Support: 1.33547, 1.33653
Resistance: 1.3383, 1.3400, 1.33951
What it said to watch
H1 close above the 1.3400 pivot would invalidate the lower-high structure
Break below the 1.3355 week low extends the fade toward the 1.3140 zone
Friday's UK Retail Sales and S&P Global PMIs are the week's key GBP catalysts and could reset this read
Cable has bled lower all week, extending the fade after Tuesday's soft labour data and yesterday's cooler UK CPI print (2.6% vs 2.7%) capped BoE hike bets. Price is consolidating in a 1.3355–1.3390 band after tagging the 1.33547 swing low, holding below EMA20 with RSI(14) sitting mid-40s. Lower highs from the 1.3481 peak remain intact into the NY session.
Support: 1.33547, 1.3340
Resistance: 1.3390, 1.3400, 1.3440
What it said to watch
H1 close below 1.33547 confirms a lower low, opening the path toward 1.3400 psych then deeper
Reclaim of 1.33900 session high needed to challenge the descending lower-high structure
Fri UK Retail Sales and S&P Global PMIs are the week's key GBP catalysts and could reshape this read
19:01 UTC
Downtrend, consolidating near lows · RSI 47 · price 1.33735
Lower highs, lower lows into a base.
Cable has bled lower all week, GBP the laggard after the softer UK CPI print eased BoE hike bets and revived fiscal worries; the 1.3400 pivot capped every bounce. Price is now basing in the 1.3355–1.3390 zone into the NY session, holding below both EMA20 and EMA50 with RSI(14) mid-40s. Demand stepped in twice around 1.3355, but rallies keep stalling under prior-day supply.
Support: 1.33547, 1.3300, 1.3140
Resistance: 1.3390, 1.3400, 1.3420
What it said to watch
H1 close above 1.3400 pivot / EMA50 would break the lower-high sequence
Failure to hold 1.3355 opens the path toward 1.3300 and the 1.3140 8-month low
Fri UK Retail Sales and PMIs are the week's key GBP catalysts and could reset this read
18:01 UTC
Downtrend, consolidating near lows · RSI 44 · price 1.33714
Lower highs, holding above weekly low.
GBPUSD has ground lower all week and sits pinned near weekly lows after June UK CPI cooled to 2.6%, reinforcing a BoE-on-hold read against a firm USD. Price trades below EMA(20) and EMA(50) with RSI(14) mid-40s, and the 1.3383/1.3400 zone has capped rallies into the NY session. Consolidation just above the 1.3355 weekly low; the descending sequence of lower highs remains intact.
Support: 1.3355, 1.3314
Resistance: 1.3383, 1.3395, 1.3400
What it said to watch
H1 close above 1.3400 handle would invalidate the lower-high sequence
Failure to hold 1.3355 weekly low opens the path toward 1.3140
UK Retail Sales/PMIs Fri could materially shift this read
Lower highs and lower lows, basing near week lows.
GBPUSD has ground steadily lower since Monday's open, shedding a full big-figure from the 1.3480 area to the 1.3355 week low after June UK CPI cooled to 2.6% and reinforced a BoE-on-hold read amid a firm USD. Price sits below EMA20 and EMA50 with each NY-session bounce capping under 1.3391; the last two sessions have flattened into a tight consolidation just above the week low. RSI(14) near 43 has stabilised without confirming a fresh lower low.
Support: 1.33547, 1.33595
Resistance: 1.33906, 1.3400, 1.3440
What it said to watch
Loss of 1.33547 confirms a lower-low and reopens the downtrend leg
Hourly close back above 1.3400 psych level negates the sub-figure grind
UK Retail Sales/PMIs Fri could materially shift this read
Lower highs, lower lows; consolidating near weekly low.
GBPUSD has ground lower all week, sliding from the 1.3480 area into the 1.3355 weekly low as soft UK CPI (2.6% vs 2.7%) and a firm USD kept sterling pinned below 1.3400. The last two sessions have stalled into consolidation just above the low, with EMA20 capping bounces near 1.3378 and 1.3395 rejecting the latest push. RSI(14) sits mid-40s, reflecting a paused rather than reversing move.
Support: 1.3355, 1.3369
Resistance: 1.3395, 1.3400
What it said to watch
H1 close above 1.3400 with a reclaim of EMA20 would invalidate the capped read
Failure to hold 1.3355 weekly low confirms a lower-low and opens the grind lower
UK Retail Sales/PMIs Fri could materially shift this read
Cable has ground lower all week, extending the sell-off through the NY session after Tuesday's soft UK CPI reinforced BoE wait-and-see. Price is pinned near weekly lows below both EMAs, with the 50d EMA at 1.3383 and the 1.3400 handle capping every recovery attempt. RSI(14) is mid-40s, reflecting a stalling rather than reversing downtrend as buyers stepped in around 1.3355.
Support: 1.33547, 1.3360, 1.3314
Resistance: 1.3383, 1.33951, 1.3400
What it said to watch
Hourly close above 1.3383 (50d ema) then 1.3400 would break the lower-high sequence
Failure to hold 1.33547 swing low opens the path toward the 1.3314 8-month low
UK Retail Sales/PMIs Friday could materially shift this read
Cable has bled lower all week, capped below the 50-day EMA near 1.3383 after Tuesday's soft UK CPI reinforced a wait-and-see BoE. Price is basing on twin lows around 1.3355-1.3359 with RSI(14) neutral near 46, and each recovery has stalled into the EMA cap. The sub-1.3400 consolidation reflects a firm USD safe-haven bid meeting a benign-inflation drag on Sterling.
Support: 1.3359, 1.3355
Resistance: 1.3383, 1.3391
What it said to watch
H1 close above 1.3383 EMA cap invalidates the capped-consolidation read
Loss of 1.3355 swing low confirms a lower-low and opens the path toward the 1.3140 downside target
Friday retail sales (06:00 UTC) and PMIs (08:30 UTC) are the week's key GBP catalysts and could shift this read
Cable has bled ~1% since Monday's open, capped repeatedly below the 50-day EMA at 1.3383 after June CPI undershot headline. The dominant leg came in yesterday's NY session, printing a fresh week low at 1.33547; price has since flattened into a tight sub-1.3400 range with RSI(14) mid-40s and a mild bullish divergence against the low. Below both H1 EMAs, structure stays heavy while consolidation holds.
Support: 1.33547, 1.33595, 1.3314
Resistance: 1.3383, 1.33951, 1.34288
What it said to watch
H1 close above 1.3383 (50-day EMA) unwinds the sub-1.3400 cap
Break of 1.33547 confirms continuation toward the 1.3140 area
Friday retail sales/PMIs are the week's key GBP catalyst and could shift this read
Cable has drifted lower all week, sliding below the 1.3400 pivot after Tuesday's soft UK pay data and yesterday's cooling June CPI kept BoE hike bets trimmed. Price marked a fresh weekly low at 1.33547 during the NY session before a short-covering bounce toward 1.33906 faded back to 1.33748, leaving it pinned under EMA(20) and EMA(50). RSI(14) is cycling in the mid-40s, reflecting a heavy but no longer accelerating tone.
Support: 1.33547, 1.3336
Resistance: 1.3400, 1.33906
What it said to watch
Break below 1.33547 confirms a lower low and opens the 1.3360 weekly low area
H1 close back above 1.3400 psych pivot would neutralise the downtrend read
UK Retail Sales Fri 06:00 GMT and PMIs 08:30 GMT could materially shift this read
Cable has trended lower since midweek, sliding under 1.3400 after June CPI cooled to 2.6% and BoE-hike bets were trimmed. Price is basing just above the 1.33547 week low, with a NY-session bounce to 1.33906 fading back below the EMA(20); RSI(14) has held above its prior trough while price made a fresh low, a mild bullish divergence into the lows.
Support: 1.33547, 1.33595
Resistance: 1.3400, 1.33951, 1.34188
What it said to watch
Hourly close above 1.3400 would neutralise the sub-1.3400 downtrend read
Break and hold below 1.33547 confirms a fresh lower low
UK Retail Sales and PMIs Fri could materially shift this read
Cable has trended lower all week, pinned below 1.3400 after soft UK CPI trimmed BoE-hike bets. Price printed a weekly low near 1.33547 in the NY session before buyers stepped in, and the latest bar has clawed back to 1.33875 with RSI(14) recovering off the low toward mid-range. The 1.3400 psych pivot has capped every attempt this week and remains the ceiling on the descending structure.
Support: 1.33547, 1.3336
Resistance: 1.3400, 1.33951
What it said to watch
Hourly close above 1.3400 would invalidate the lower-highs read
Break below 1.33547 confirms a fresh lower low toward the 1.3336 prior low
UK Retail Sales and PMIs Friday could materially shift this read
14:01 UTC
Downtrend, bouncing off lows · RSI 46 · price 1.33875
Lower highs, lower lows; weekly-low sweep.
Cable has trended lower all week, shedding ~1.2% as soft UK CPI (2.6% vs 2.7%) and fiscal jitters kept GBP pinned below the 1.3400 pivot. Price swept the 1.3360 weekly low into 1.33547 and snapped back above EMA(20) on the latest bar, but remains capped under EMA(50). RSI(14) has recovered off oversold toward the mid-40s after the bounce.
Support: 1.33547, 1.33595
Resistance: 1.3400, 1.3420
What it said to watch
H1 close below 1.3355 confirms a fresh lower low and negates the sweep recovery
Reclaim of the 1.3400 pivot would challenge the descending lower-highs line
UK Retail Sales Fri 06:00 GMT could materially shift this read
13:02 UTC
Downtrend, extending to new lows · RSI 40 · price 1.33611
Lower highs and lower lows, fresh weekly low.
Cable has trended lower all week, pinned below EMA20 and EMA50 since Monday's open after the mixed June CPI (headline 2.6% miss, core 2.6% beat) left the BoE on hold and GBP heavy. A brief consolidation near 1.3380 gave way into the NY session, with price knifing to a fresh weekly low at 1.3355. RSI(14) sits sub-40 with no divergence, tracking the fresh lows.
Support: 1.33547, 1.3336
Resistance: 1.3378
What it said to watch
Failure to hold 1.3355 opens the 1.3360 week-low zone and below
H1 close back above the 1.3378 ema20 would ease the downside pressure
UK Retail Sales and flash PMIs Fri are the week's key GBP catalysts
US jobless claims Thu could shift the USD side of the read
13:01 UTC
Downtrend, near weekly lows · RSI 36 · price 1.33611
Lower highs, lower lows sub-1.3400.
Cable has trended lower all week, breaking the 1.3400 pivot and pinning to fresh weekly lows near 1.3355 after June CPI kept the BoE on hold and fiscal worries weighed. Price sits below EMA20 and EMA50 with RSI(14) holding in the mid-30s; rallies have been capped at successively lower highs since Monday's open. The 1.3400 zone now caps upside as the dominant supply reference.
Support: 1.3355, 1.3330
Resistance: 1.3378, 1.3400, 1.3450
What it said to watch
H1 close below 1.3355 extends the weekly-low sequence
Reclaim of 1.3400 pivot would neutralise the downtrend read
UK Retail Sales + flash PMIs Fri are the week's key GBP catalysts and could reset this structure
Cable has trended lower all week, sliding from Monday's 1.3508 open and breaking the 1.3400 pivot as soft UK CPI and fiscal-credibility worries kept sterling pinned. The NY session drop printed a weekly low at 1.3360 before a shallow bounce toward 1.3395 rolled over; price now consolidates sub-1.3379, sitting below both EMA20 and EMA50 with RSI(14) hovering in the low 40s.
Support: 1.3360, 1.33632
Resistance: 1.3379, 1.3395, 1.3400
What it said to watch
H1 close above 1.3400 pivot would break the sequence of lower highs
Failure to hold the 1.3360 weekly low confirms continuation lower
Fri UK Retail Sales (06:00 GMT) and PMIs (08:30 GMT) could materially shift this read
12:01 UTC
Downtrend, consolidating near lows · RSI 44 · price 1.33686
Lower highs, holding above weekly low.
Cable has trended lower all week, sliding from Monday's 1.3517 through the 1.3400 pivot on soft UK CPI and fiscal-credibility worries, with USD firm on the haven bid. Price bottomed at the 1.3360 weekly low overnight and has since drifted sideways in a tight 1.3370-1.3390 band, capped by EMA20 near 1.3380. RSI(14) is cycling in the low-40s, reflecting stalled downside momentum rather than a turn.
Support: 1.3360, 1.3373
Resistance: 1.3380, 1.3395, 1.3400
What it said to watch
H1 close above 1.3400 pivot would neutralise the downtrend read
Break below 1.3360 weekly low confirms a fresh lower low
UK Retail Sales and PMIs Friday could materially shift this read
Cable has bled ~1.2% since Monday's 1.3507 open, selling off through the week on softer June CPI and fiscal anxiety around PM Burnham while a safe-haven-bid USD added pressure. Price bottomed at 1.33595 in the NY session and has since carved a two-touch base, but attempts back toward the 1.3400 pivot have been capped by a descending lower-high line. RSI(14) has lifted off oversold to the mid-40s as the sell-off stalls near weekly lows.
Support: 1.33595, 1.3366, 1.3350
Resistance: 1.3400, 1.33951, 1.3425
What it said to watch
Hourly close above 1.3400 pivot would break the lower-high sequence
Failure to hold 1.33595 confirms a fresh lower-low
UK Retail Sales / PMIs Friday are the week's next catalysts and could reset this range
Cable has bled ~1.2% since Monday's open, with the dominant leg lower into the NY session on soft UK CPI and a firmer USD, marking a weekly low at 1.3360. Price is basing sub-1.3400 below EMA20 (~1.3378) and EMA50, RSI(14) hovering in the low-40s as the sell-off decelerates. The 1.3400 psych pivot has capped every bounce this week; repeated closes below keep the bearish weekly structure intact.
Support: 1.3360, 1.3382
Resistance: 1.3378, 1.3400, 1.3451
What it said to watch
H1 close below 1.3360 confirms a fresh lower-low
Reclaim of 1.3400 opens room for short-covering back toward 1.3451
UK Retail Sales / S&P PMIs Fri could materially shift this read
Lower highs into lows, consolidating above week low.
GBPUSD has trended lower all week from the ~1.3506 open, sliding to a 1.33595 low as UK fiscal jitters lifted gilt yields above 5% and a haven USD bid held firm. Price is now consolidating in a tight 1.3369-1.3395 band just above the 1.3360 week low, with RSI(14) basing in the low-40s and price capped well under EMA20 and EMA50. The 1.3400 psych level and 1.3455 week high mark the recent range ceiling.
Support: 1.3360, 1.33595
Resistance: 1.3395, 1.3400, 1.3455
What it said to watch
Hourly close below 1.3360 confirms a lower low toward fresh weekly lows
Reclaim of 1.3400 psych opens the path back toward 1.3455 week high
UK Retail Sales and S&P Global PMIs Fri are high-impact and could shift this read
10:01 UTC
Downtrend, consolidating near lows · RSI 43 · price 1.33694
Series of lower highs, basing above week low.
GBPUSD has trended lower all week from Monday's ~1.3517 open, sliding under fiscal-credibility pressure with gilt yields above 5% and a firmer, haven-bid USD. The dominant leg down came through the NY session mid-week, bottoming at 1.33595 before price flattened into a tight consolidation between the 1.3360 pivot and the EMA20 near 1.3385. RSI(14) sits mid-40s and price trades below both the EMA20 and EMA50, keeping the bias structurally heavy.
Support: 1.33595, 1.3360
Resistance: 1.3385, 1.3400, 1.3455
What it said to watch
H1 close below 1.3360 confirms a fresh lower low
Reclaim of 1.3400 psych would ease the downside pressure toward the 1.3455 week high
UK Retail Sales and PMIs Fri could materially shift this read
Sterling has trended lower all week, knifing from 1.3517 through its converged EMAs to a one-week low near 1.3360, with the June CPI miss (2.6% vs 2.7%) and a firm haven USD driving the leg down. Price is now consolidating in the low 1.3370s, holding just above the 1.3360 low but capped below EMA20 and the 200dma pivot at 1.3403. RSI(14) around 42 reflects fading downside momentum without a bullish turn.
Support: 1.3360, 1.3359
Resistance: 1.3390, 1.3403, 1.3448
What it said to watch
H1 close above 1.3403 200dma would challenge the bearish structure
Break below 1.3360 one-week low confirms a lower low
UK Retail Sales and flash PMIs Fri could materially shift this read
Lower highs and lower lows, consolidating above one-week low.
Sterling knifed lower through the week, sliding from Monday's 1.3517 area to a fresh one-week low near 1.3360 into the NY session as the soft June CPI miss reinforced dovish BoE repricing and fiscal jitters weighed. Price has since stabilised in a tight 1.3372–1.3390 band, holding below both H1 EMA(20) and EMA(50) with RSI(14) recovering off oversold to the mid-40s. The 200dma pivot near 1.3403 caps the bounce.
Support: 1.3360, 1.3372
Resistance: 1.3390, 1.3403, 1.3448
What it said to watch
H1 close below 1.3360 confirms continuation of the lower-low sequence
Reclaim of 1.3403 200dma would neutralise the bearish structure
GfK Consumer Confidence (Thu 23:01 GMT) and Retail Sales (Fri 06:00 GMT) could shift this read
US S&P Global PMIs (Fri) a near-term USD risk for the pair
Series of lower highs and lower lows, basing above week low.
GBPUSD extended a fourth straight decline through the week, knifing below the converged EMAs and the 1.3400 200dma pivot after June CPI cooled to 2.6% and a revived USD safe-haven bid weighed. Price bottomed at 1.33595 in the prior NY session and has since consolidated in a tight 1.3375–1.3390 range, with RSI(14) lifting off oversold. The 1.3400 pivot now caps as former support turned resistance.
Support: 1.33595, 1.3375, 1.3321
Resistance: 1.3400, 1.3426
What it said to watch
H1 close below 1.33595 confirms a fresh lower-low, exposing 1.33210
Reclaim of the 1.34000 200dma pivot needed to challenge the 1.34260 9d ema
UK Retail Sales (Fri 06:00 GMT) and flash PMIs are the week's next high-impact GBP catalysts
08:01 UTC
Downtrend, basing near lows · RSI 43 · price 1.33815
Sterling has bled lower all week, extending a fourth straight session of losses on dovish BoE repricing after the June CPI miss and a firm USD safe-haven bid on US-Iran escalation. Price knifed below the 1.3400 pivot / 200dma zone during the NY session and has since based around 1.3380, with RSI(14) hugging the low-40s below both the H1 EMA20 and EMA50. The 1.33595 week low held once; 1.33951 session high capped the latest bounce.
Support: 1.33595, 1.3369
Resistance: 1.33951, 1.34003, 1.3426
What it said to watch
Hourly close below 1.33595 confirms a fresh lower-low and opens the 1.3385/1.3210 zone
Reclaim of the 1.3400 pivot and the 1.3426 9ema would neutralise the sub-pivot break
UK Retail Sales + flash PMIs Fri 06:00/08:30 GMT are the week's next high-impact GBP catalysts
GBPUSD has been sold since Monday's open, a fourth straight daily fall, knifing below the converged EMAs after soft June CPI reinforced dovish BoE pricing and a USD safe-haven bid firmed. The dominant leg ran from ~1.3534 to the 1.3360 swing low during yesterday's NY session; price has since stabilised in a tight consolidation between 1.3360 and 1.3391, pinned under the 1.3403 200dma pivot. RSI(14) has lifted off oversold but caps below 50, matching the stalled downside.
Support: 1.3360, 1.3350
Resistance: 1.3391, 1.3403, 1.3426
What it said to watch
H1 close below 1.3360 swing low opens the path toward 1.3210
Reclaim of 1.3403 200dma would neutralise the this-week downtrend read
Fri UK Retail Sales + flash PMIs are the next high-impact GBP catalysts
GBPUSD has trended lower since Monday's ~1.3533 open, accelerating through the NY session yesterday when it knifed below the 1.3400 pivot toward a 1.33595 low as June CPI cooled to 2.6% and a USD safe-haven bid firmed. Price is now basing in the 1.3370-1.3390 zone with RSI(14) recovering off the low into the mid-40s. Both EMA20 and EMA50 sit overhead, capping the intraday bounce.
Support: 1.33595, 1.3350, 1.3321
Resistance: 1.3390, 1.3400, 1.3426
What it said to watch
Hourly close below 1.33595 confirms a lower-low and opens 1.335/1.3321
Reclaim of the 1.3400 pivot and EMA20 near 1.3426 neutralises the downtrend read
UK Retail Sales and flash PMIs Fri are the next high-impact GBP catalysts
GBPUSD has slid a fourth straight session from Monday's 1.354 open, driven by UK fiscal-credibility jitters that kept the pound one of the weakest G10 currencies while a firm USD safe-haven bid pressed the pair lower. Price has stabilised around 1.338 in the Asian session, hugging EMA(20) but holding below the 200dma at 1.3403 which now caps the recovery. RSI(14) has lifted off oversold as the decline flattened into a tight consolidation.
Support: 1.33595, 1.3350, 1.3320
Resistance: 1.3403, 1.3455, 1.34806
What it said to watch
UK CPI (HIGH) at 06:00 UTC could break this consolidation sharply either way
H1 close above 1.3403 (200dma) would neutralise the downtrend read
Loss of 1.33595 confirms a fresh lower-low toward 1.3320
Sterling has fallen for a fourth straight day since Monday's open, sliding from 1.3540 toward the 1.3360 swing low as UK fiscal-credibility jitters under PM Burnham and a firmer USD weighed. Price is now basing in a tight 1.3374–1.3390 range just beneath the 200dma at 1.3403, with RSI(14) recovering off the lows but capped below 50. The prior lower highs into NY yesterday keep the near-term structure heavy.
Support: 1.3360, 1.3210
Resistance: 1.3403, 1.3455
What it said to watch
UK CPI due imminently — a soft print could break the 1.3360 swing low toward 1.3210; a hot print targets the 200dma at 1.3403
An H1 close above 1.3403 (200dma) invalidates the downtrend read and opens 1.3455
Loss of 1.3360 swing low confirms continuation lower
Lower highs and lows, consolidating at range lows.
GBPUSD extended its fourth day lower, sliding beneath the 1.3403 200dma into the NY session as UK fiscal jitters and a firmer USD on Gulf safe-haven demand weighed. Price marked a swing low at 1.33595 before stabilising and is now consolidating just under 1.3390 with RSI(14) recovering off oversold. Both EMA20 and EMA50 cap from above, keeping the descending structure intact.
Support: 1.33595, 1.3350
Resistance: 1.3390, 1.3403, 1.3427
What it said to watch
UK CPI at 06:00 UTC (~2h) is the near-term catalyst and could materially shift this read
Loss of the 1.33595 swing low opens the path toward 1.3350 psych
H1 close back above the 1.3403 200dma eases downside pressure toward 1.3427 prior sup
Sterling has bled lower for a fourth session, sliding from Monday's 1.3542 area toward the low-1.33s as UK fiscal jitters and a firmer USD dominated the week. Price broke below the 1.3403 200dma and printed a week low at 1.33595 before stabilising into a tight 1.3374–1.3390 range; RSI(14) has flattened around the mid-40s off the down-leg. Price sits below both EMA(20) and EMA(50) with the range top at 1.3390 capping the last two attempts higher.
Support: 1.3374, 1.33595
Resistance: 1.3390, 1.3403, 1.3455
What it said to watch
UK CPI at 06:00 UTC (~60m) is the immediate catalyst for this range
Loss of 1.33595 confirms a lower-low and opens 1.3385/1.3210
H1 close back above 1.3403 reclaims the 200dma and eases downside pressure
GBPUSD has trended lower all week, a fourth straight down-leg driven by UK fiscal-credibility jitters, with the sharpest slide coming through the NY session yesterday from 1.3455 down to a 1.3360 low. Price is below EMA20 and EMA50 but has stabilised in a tight 1.3374–1.3390 band into the Asia session, with RSI basing near 43 as lows flatten. The 200dma at 1.3403 caps the immediate topside.
Support: 1.3360, 1.3340, 1.3210
Resistance: 1.3403, 1.3455
What it said to watch
UK CPI at 06:00 UTC (~2h) is the dominant risk — a soft print risks a break below the 1.3360 swing low toward 1.3210
Hourly close back above the 200dma at 1.3403 would neutralise the lower-high sequence
Failure to hold 1.3360 confirms continuation of the down-leg
04:01 UTC
Downtrend, fourth straight down day · RSI 43 · price 1.33822
Lower highs, lower lows; basing near week low.
GBPUSD has slid for a fourth straight session from Monday's 1.3540 area toward the 1.3360 week low, pressured by UK fiscal jitters and a USD safe-haven bid. Price is trading below both H1 EMAs, though it has stabilised around 1.3380 after tagging 1.33595 in the NY session yesterday, with RSI(14) cycling in the lower half. The 200dma at 1.3403 now caps as overhead resistance.
Support: 1.33595, 1.3321, 1.3210
Resistance: 1.3390, 1.3403, 1.34553
What it said to watch
UK CPI at 06:00 UTC (~2h) is the pivot for this read
Loss of 1.3360 week low confirms a lower low toward 1.3210
Close back above 200dma 1.3403 would ease downside pressure
Cable has trended lower all week from Monday's 1.3542 area, with the dominant leg down through the NY session yesterday bottoming at 1.3360 before stabilising. Price is basing in a tight 1.3374–1.3389 consolidation, holding below EMA20 and EMA50 with RSI recovered off oversold to the mid-40s. The 1.3403 200dma has capped the bounce so far, keeping the broader down structure intact.
Support: 1.3360, 1.3374
Resistance: 1.3403, 1.3426
What it said to watch
UK CPI at 06:00 UTC (headline f/c 2.7%, core 2.5%) can materially shift this read within the next bars
Hourly close back above the 1.3403 200dma and 1.3426 9d ema would neutralise the lower-high sequence
Loss of the 1.3360 swing low confirms continuation and exposes 1.3385 downside noted in context
Lower highs and lower lows, basing near range low.
Sterling has bled lower since Monday's open near 1.3540, a four-session slide driven by UK fiscal jitters under the new PM, with the sharp NY-session drop to 1.3360 marking the week's low. Price has since stabilised just above that swing low and reclaimed EMA(20), with RSI(14) recovering off oversold toward 44. The 1.3403 200dma has capped the bounce so far, keeping the broader down-structure intact.
Support: 1.3360, 1.3345
Resistance: 1.3403, 1.3426, 1.3481
What it said to watch
UK CPI at 06:00 UTC (headline f/c 2.7%, core 2.5%) is a high-impact event that could materially shift this read within hours
Failure to hold 1.3360 swing low opens the path toward 1.3345 and below
H1 close back above the 1.3403 200dma would neutralise the down-structure and target 1.3426
Cable has trended lower all week, sliding from the 1.3540 area into a 1.33595 swing low as fiscal jitters under PM Burnham rebuilt a risk premium on sterling. Price is now basing between 1.3374 and 1.3385 below EMA20 and EMA50, with RSI(14) mid-40s reflecting stalled downside momentum. The 200dma at 1.3403 has capped every bounce and sits as the first upside pivot.
Support: 1.33595, 1.3340
Resistance: 1.3403, 1.3420, 1.3455
What it said to watch
UK CPI at 06:00 UTC (~4h out) could materially shift this read
H1 close above 1.3403 200dma would neutralise the downtrend structure
Loss of 1.33595 swing low confirms a fresh lower low toward 1.3400 psych
Series of lower highs and lower lows, basing near week low.
Cable has trended lower all week from Monday's 1.3542 into the 1.3360 area, pressured by UK fiscal jitters under PM Burnham while a firm US dollar caps rebounds. Price is basing in a tight 1.3370–1.3390 range through the Asia session with RSI(14) lifting off oversold and a mild bullish divergence against the 1.3360 low. The 200dma at 1.3403 sits overhead as the immediate cap after the week's slide.
Support: 1.33595, 1.3350
Resistance: 1.3403, 1.34553
What it said to watch
UK CPI at 06:00 UTC (~4h out) could materially shift this read — soft print pressures back toward 1.3360
Hourly close back above 1.3403 (200dma) would break the string of lower highs
Loss of 1.33595 confirms a fresh lower low and opens 1.3350 psych
Lower highs and lower lows into week low, modest bounce.
GBPUSD extended its slide for a fourth session on UK fiscal jitters under PM Burnham, sliding from Monday's 1.3527 open through a series of lower highs to a 1.33595 low before a shallow recovery into the Asian session. Price is holding below EMA20 (~1.3420), with the 200dma/psych 1.3400 now capping as resistance. RSI(14) lifted off oversold but remains sub-50, consistent with the dominant down-leg.
Support: 1.33595, 1.3385
Resistance: 1.3400, 1.3420, 1.34527
What it said to watch
UK CPI at 06:00 UTC could materially shift this read; a hot print risks a squeeze back toward 1.3495
Hourly close back above 1.3400 would neutralise the lower-high structure
Failure to hold 1.33595 opens the path toward 1.3385 then wider support
GBPUSD has trended lower all week on UK fiscal jitters under PM Burnham, printing a fourth straight down-leg into the 1.33595 week low during the NY session. Price has since stabilised in a tight 1.3374-1.3387 band below the descending EMA(20), with RSI(14) lifting off oversold but still sub-50. The 1.3400 round number/200-day area caps the recovery and CPI at 06:00 UTC is the next catalyst.
Support: 1.33595, 1.33712
Resistance: 1.3400, 1.34462
What it said to watch
UK CPI at 06:00 UTC (~5h) is a HIGH-impact catalyst that could reset this read
Failure to hold 1.33595 confirms continuation lower toward 1.3385
H1 close back above 1.34000 unwinds the downside pressure and reclaims the range
Sterling extended its slide for a fourth day, breaking the 1.3400/200dma support into a 1.3360 swing low during the NY session on fiscal jitters under new PM Burnham. Price has since stabilised in a tight consolidation around 1.3374–1.3384 through thin Asian hours, holding below both H1 EMAs. RSI(14) has lifted off the lows toward 41 as the impulse fades, but the structure stays lower-high, lower-low.
Support: 1.3360, 1.3335
Resistance: 1.3400, 1.3426
What it said to watch
UK CPI at 06:00 UTC (~6h) could materially shift this read
Hourly close below 1.3360 confirms a fresh lower low
Reclaim of 1.3400 200dma needed to neutralise the downtrend
00:01 UTC
Downtrend, decelerating · RSI 42 · price 1.33776
Lower highs, lower lows; basing near range lows.
Sterling extended its slide for a fourth day, breaking 1.3400 into the NY session and printing a low at 1.3360 before stabilising, in line with the fiscal-jitters read. Price trades well below both EMA20 and EMA50 with RSI in the low 40s after the selloff. The last handful of bars have flattened into a tight 1.3370–1.3384 range as buyers step in around 1.3360 ahead of Wednesday's UK CPI.
Support: 1.3360, 1.3350
Resistance: 1.3400, 1.3426
What it said to watch
UK CPI Wed 06:00 UTC could materially shift this read
H1 close back above 1.3400 challenges the downtrend
Break of 1.3360 swing low confirms a fresh lower low