Lower highs and lower lows since early-month high.
Cable remains in a clear H4 downtrend, carving lower highs and lower lows from the 1.3460 area toward seven-month lows as soft UK flash PMIs and a broadly bid dollar weigh. Price rejected 1.3273 and is now pressing the 1.3182 recent low, with the 1.3163 swing low the next reference. ATR(14) stays elevated, consistent with an expanding move rather than compression.
Support: 1.3182, 1.3163
Resistance: 1.3220, 1.3273
What it said to watch
Break of 1.3163 confirms a fresh lower-low and opens the 1.3160 area
H4 close back above 1.3220 then 1.3273 would challenge the lower-high sequence
US core PCE Thursday is the dominant cross-driver and could reshape this read
Cable has stair-stepped lower for two weeks, carving lower highs and lower lows as GBP sits pinned near seven-month lows on weak UK PMIs and a broadly bid dollar. Price found a base around 1.3163 and is consolidating just under the 1.3205 area, but ATR(14) is easing as the decline loses pace. Both EMAs cap from above, keeping the structure heavy.
Support: 1.3163, 1.3120
Resistance: 1.3273
What it said to watch
H4 close below 1.3163 confirms a fresh lower-low and opens 1.3120
Reclaim of 1.3273 needed to break the descending lower-high sequence
US core PCE Thursday is the dominant cross-driver and could materially shift this read
Lower highs, lower lows; consolidating near range floor.
Cable is in a clean H4 downtrend, carving lower highs and lower lows since the early-month peak near 1.3485, with price now pinned at seven-month lows on weak UK PMIs and a broadly bid dollar. After tagging the 1.3163 swing low, price has been consolidating between the 1.3205 range floor and prior high at 1.3273. Price holds below both EMAs and ATR has eased from the impulse leg, leaving a tight coil at the lows.
Support: 1.3163, 1.3205
Resistance: 1.3273
What it said to watch
H4 close below 1.3163 confirms a fresh lower-low, opening the 1.3160 area
Reclaim of 1.3273 prior high needed to ease the downward structure
US core PCE Thursday is the dominant USD driver and could materially shift this read
17:01 UTC
Downtrend, momentum soft · RSI 40 · price 1.31894
Lower highs, consolidating near 7-month lows.
Cable remains in a clear H4 downtrend, carving lower highs since the 1.3446 area as hawkish-Fed USD strength and soft UK PMIs (Services 48.7 vs 50.0) keep it pinned near seven-month lows. Price is consolidating in a tight 1.3163-1.3273 band below both EMAs, with the latest bar pressing the 1.3205 range floor again. ATR is compressing relative to the impulse leg, leaving the floor as the immediate pivot.
Support: 1.3163, 1.3205, 1.3160
Resistance: 1.3273, 1.3446
What it said to watch
H4 close below 1.3205 range floor opens the path to 1.3160
Reclaim of 1.3273 swing high needed to challenge the lower-high structure
US core PCE Thursday is the dominant cross-driver for this pair
13:01 UTC
Downtrend, near 7-month lows · RSI 41 · price 1.32096
Lower highs and lower lows since mid-window.
Cable remains in a clear downtrend, printing lower highs and lower lows after the slide from 1.3460 to the 1.3163 swing low; today's UK composite PMI miss (49.4 vs 50.6) reinforced the soft-GBP tone. Price is now consolidating in a tight 1.3205-1.3275 band just above the lows, with the descending sequence of highs capping rebounds. ATR(14) near 64 pips reflects the recent expansion off the impulse leg lower.
Support: 1.3163, 1.3000
Resistance: 1.3273
What it said to watch
H4 close below 1.3205 exposes the 1.3163 swing low and the 1.30 psych zone
Reclaim of the 1.3273 range top would neutralise the lower-high sequence
US core PCE Thursday is the dominant cross-asset catalyst for this read
Lower highs / lower lows, now ranging at range floor.
Cable has carved a clean multi-day downtrend from 1.3460, printing lower highs and lower lows into the 1.3163 swing low before stabilising. Price is now pinned to the 1.3205 floor of the 1.3205-1.3275 range, with today's UK composite PMI miss (49.4 vs 50.6) reinforcing the soft GBP tone. Both EMA20 and EMA50 cap from above and ATR(14) near 38 pips reflects an only modestly active regime.
Support: 1.3205, 1.3163
Resistance: 1.3273, 1.3305
What it said to watch
H4 close below 1.3205 exposes the 1.3163 swing low and the 1.3160 path
Reclaim of 1.3273 needed to challenge the 1.3305 range cap
US core PCE Thursday is the dominant cross-asset catalyst and could reset this read
Cable remains in a clear H4 downtrend, having sliced from the mid-1.34s to a seven-month low at 1.31629 before stabilising. Price now chops in a 1.32035-1.32729 range with both EMAs sloping lower overhead, consistent with the firm-USD / GBP political-limbo backdrop. ATR(14) near 32 pips shows the impulse has cooled into consolidation just above the April low.
Support: 1.32035, 1.31629
Resistance: 1.32729, 1.3305, 1.3406
What it said to watch
UK S&P Global PMIs 08:30 UTC and US PMIs 13:45 UTC could reset this range read
H4 close below 1.31629 confirms a lower-low and opens the 1.30 path
Close above 1.33050 resist cap negates the lower-high sequence
Lower highs and lower lows, basing near 7-month low.
Cable has carved a clean sequence of lower highs and lower lows off the 1.346 area, sliding into seven-month lows around 1.3163 as a firm USD on hawkish-Fed repricing and Starmer-exit limbo weighed on Sterling. Price is now consolidating in a 1.3185-1.3273 band just above the April low, with ATR(14) compressing as the impulse leg loses pace and both EMAs cap from above. UK S&P Global PMIs are the immediate swing factor into the next bars.
Support: 1.3163, 1.3185
Resistance: 1.3273, 1.3305
What it said to watch
H4 close below 1.3160 confirms a lower-low and opens the 1.30 path
Reclaim and close above 1.3273 swing high needed to challenge the 1.3305 cap
UK PMIs (Services 50 line) and US core PCE this week could materially shift this read
Clear downtrend since the mid-window high near 1.3461, with a sharp leg lower into the April low region at 1.3163 before buyers stepped in twice around 1.3184. Price now consolidates 1.3184–1.3273 with ATR(14) compressing, as a firmer USD post-hawkish FOMC keeps Sterling pinned near 1.32. EMA50 above price keeps the broader structure heavy while EMA20 caps the lower edge of the range.
Support: 1.3184, 1.3163
Resistance: 1.3273, 1.3305, 1.3410
What it said to watch
H4 close above 1.3305 resistance would break the lower-high sequence
Failure to hold 1.3163 april low confirms a fresh lower-low
UK PMIs 08:30 UTC and US PMIs 13:45 UTC could materially shift this read
GBPUSD has rolled over from the 1.348 region, accelerating lower last week into the 1.3170 area near the April low as a hawkish FOMC and firm USD dominated. Price is now consolidating around 1.3250, holding above the swing low but capped below the EMA20/EMA50, which have crossed bearish. ATR(14) has eased from the sell-off spike, with the 1.3170-1.3305 band framing the near-term range.
Support: 1.31844, 1.31696, 1.3160
Resistance: 1.32729, 1.3305, 1.3340
What it said to watch
H4 close below 1.3160 confirms a lower-low and opens downside continuation
Reclaim of 1.3305 range top would neutralise the bearish structure
UK PMIs 08:30 UTC and US PMIs 13:45 UTC could materially shift this read
GBPUSD has carved a clean run of lower highs and lower lows over the past two weeks, sliding from the 1.3460 region to the 1.3168 April low as a hawkish Fed repricing anchored the dollar near 13-month highs. Price has since bounced and is now retesting the 1.3245 range top from below, with the broader 1.3170-1.3245 box still capping the recovery. ATR(14) near 48 pips reflects an active, expanded regime through the decline.
Support: 1.3205, 1.3168
Resistance: 1.3245, 1.3273, 1.3305
What it said to watch
H4 close above 1.3245 opens the path toward 1.3305
Loss of 1.3168 confirms a fresh lower-low toward 1.30
UK PMIs (08:30 UTC) and US flash PMIs (13:45 UTC) could materially shift this read
GBPUSD has trended lower across the window, shedding roughly 1.25% from the 1.3461 region to the April low at 1.3163 as a hawkish-Fed repricing anchored the dollar near 13-month highs. Price is now consolidating in a 1.3190-1.3273 band beneath the EMA50, with demand stepping in twice around the 1.3163-1.3193 floor. ATR(14) has cooled from the spike on the breakdown bar, pointing to compression at the base of the move.
Support: 1.3193, 1.3163, 1.3000
Resistance: 1.3273, 1.3305, 1.3443
What it said to watch
UK flash PMIs 08:30 UTC and US flash PMIs 13:45 UTC are the nearest catalysts for this range
H4 close above 1.3305 range cap invalidates the lower-high structure
Failure to hold 1.3163 april low opens the path toward the 1.3000 psych level