Cable is in a clean H4 downtrend, printing lower highs and lower lows since the 1.3461 swing high, driven by the run of soft UK June flash PMIs against a USD sitting at 13-month highs. Price has broken the 1.3160 support and is probing the prior swing low at 1.3140 with EMA20 and EMA50 stacked above and capping rebounds. ATR(14) is holding firm, consistent with an extending move rather than compression.
Support: 1.31399, 1.3110
Resistance: 1.32235
What it said to watch
H4 close below 1.3140 confirms lower-low extension toward 1.3110
Reclaim of 1.3235 needed to challenge the downtrend structure
US Core PCE Thursday could materially shift the USD leg and this read
Cable remains in a clean H4 downtrend, carving lower highs and lower lows since the 1.3460 peak as soft UK flash PMIs met 13-month USD highs. Price is testing the 1.3160 support shelf flagged in the macro read, with the 1.3140 swing low directly below; a sustained break exposes 1.3110. Rebounds have been capped successively under 1.3273 and 1.3235.
Support: 1.3140, 1.3110
Resistance: 1.3235, 1.3265, 1.3273
What it said to watch
H4 close below 1.3140 confirms a fresh lower-low and opens 1.3110
Reclaim of 1.3235 would break the lower-high sequence
US Core PCE (Thu) could materially extend or unwind this USD-led move
17:01 UTC
Downtrend, extending · RSI 40 · price 1.31586
Lower highs and lower lows since mid-June.
Cable remains in a clean H4 downtrend, carving lower highs and lower lows since the 1.3443 peak, with the latest bar breaking the 1.3160 support shelf and probing 1.3140. The slide tracks the GBP-negative backdrop of sub-50 UK PMIs and broad USD strength at 13-month highs. A close below 1.3140 keeps the 1.3110 objective in view.
Support: 1.31399, 1.3110
Resistance: 1.3160, 1.3235
What it said to watch
Sustained close below 1.3140 confirms continuation toward 1.3110
Reclaim of 1.3160 would neutralise the breakdown and open 1.3235
US PCE Thu 12:30 UTC is the key near-term USD driver and could materially shift this read
Cable remains in a clean H4 downtrend, carving lower highs and lower lows off the 1.3460 mid-June peak as soft UK flash PMIs, political risk and broad USD strength keep sellers in control. Price has slipped to the 1.3160 major support and printed a fresh swing low at 1.31399, with ATR(14) holding elevated as the move extends. A loss of that zone exposes 1.3110, while EMA20 and EMA50 cap from above.
Support: 1.31399, 1.3110
Resistance: 1.3220
What it said to watch
H4 close below 1.31399 swing low confirms continuation toward 1.3110
Thu US PCE (12:30 UTC) is the key near-term catalyst and could shift this read
Reclaim of 1.3220 swing high needed to ease downside pressure
13:01 UTC
Downtrend, extending · RSI 37 · price 1.31647
Lower highs and lower lows since mid-window.
Cable remains in a clean H4 downtrend, carving lower highs and lower lows after the rollover from 1.3460; the latest bar probed below the 1.3160 line in the sand to 1.3148 before closing back above. The slide is consistent with the soft UK flash PMIs (Services 48.7) and political risk against a firm dollar at 13-month highs. ATR is holding near 42 pips as the move extends rather than compresses.
Support: 1.3160, 1.3110
Resistance: 1.3235
What it said to watch
H4 close below 1.3160 confirms continuation toward 1.3110 break tgt
Recovery through 1.3235 range top would neutralise the lower-high sequence
US PCE Thursday is the dominant near-term catalyst and could reshape this read
Cable is in a clean H4 downtrend, carving lower highs and lower lows from the 1.3485 mid-month peak as soft UK flash PMIs and political risk meet a broadly firm dollar. Price is pressing the 1.3160 major support after the latest bar tagged 1.31483, with both EMAs sloping down overhead. ATR(14) near 48 pips shows the move is still expanding rather than compressing.
Support: 1.3160, 1.3110
Resistance: 1.3235, 1.3280
What it said to watch
H4 close below 1.3160 major support opens the path to the 1.3110 break target
A soft US PCE (Thu) could squeeze the oversold tape back toward 1.3235 cap / 1.3280 range top
US PCE print Thursday is the dominant near-term catalyst given an empty UK slate
Lower highs and lower lows since early-month peak.
GBPUSD remains in a clear H4 downtrend, printing lower highs and lower lows since the 1.348 area peak, with price below both EMA20 and EMA50. The June PMI miss (Services 48.7) and UK political risk have kept cable heavy, parking it just above the 1.3163 swing low and the 1.31 support flagged in the macro read. ATR has compressed as price consolidates in the 1.3180-1.3280 band — a coiling phase below the broken structure.
Support: 1.31629, 1.3100
What it said to watch
Close below 1.31629 swing low opens the path to 1.31 psych support
Reclaim of 1.3280 range high would relieve the downside pressure
US PCE Thursday is the week's key external catalyst for cable
Cable has trended lower since mid-month, with GBP pressured by soft UK PMIs and political risk while a 13-month-high USD compounds the move. Price is now consolidating in the 1.3180-1.3280 range after the sharp drop, holding just above the 1.3168 swing low. The descending lower-high structure remains intact and ATR is easing off the breakdown spike.
Support: 1.3168, 1.3100
What it said to watch
H4 close below 1.3168 opens the triangle-breakdown leg toward 1.31 psych
Reclaim of 1.3280 range high neutralises the bearish structure
US PCE Thursday is the week's key external catalyst and could shift this read
Lower highs and lower lows, consolidating above lows.
Cable has trended lower since mid-month from the 1.3460 area, printing successive lower highs and lower lows after the UK PMI miss and political uncertainty pressured GBP against a USD parked near one-year highs. Price is now consolidating in a 1.3160-1.3273 band with ATR(14) easing off the impulse leg. The 1.3163 swing low is the pivot defining whether the down-leg extends.
Support: 1.3163, 1.3100
Resistance: 1.3273, 1.3305
What it said to watch
H4 close below 1.3163 confirms a fresh lower low, opening 1.3100
Reclaim of 1.3273 needed before 1.3305 strong res comes into play
BoE speakers (Breeden, Dhingra) today could shift this read
Cable has carved a clean sequence of lower highs and lower lows since mid-window, sliding from 1.3461 to the 1.3163 swing low as GBP stayed pinned by the soft UK PMI miss and fiscal-risk premium against a USD trading near one-year highs. Price is now consolidating just under the 1.32 round number, holding above that 1.3168 swing low while capped by the 1.3261 lower-high. ATR is mid-range, neither expanding nor compressed.
Support: 1.3168, 1.3100
Resistance: 1.3261
What it said to watch
H4 close below 1.3168 confirms a fresh lower low toward the 1.3160 zone
Close above 1.3261 breaks the lower-high sequence and challenges the downtrend
Thursday US Core PCE and today's BoE speakers (Breeden, Dhingra) could shift this read
01:01 UTC
Downtrend, near 7-month lows · RSI 42 · price 1.31987
Lower highs, lower lows; basing above 1.3163.
Cable remains in a clear H4 downtrend, printing lower highs and lower lows into 7-month lows as the symmetric-triangle breakdown extends; GBP stays heavy on the soft Services PMI miss (48.7) against a USD pinned near 13-month highs. Price bounced off 1.3163 but supply has capped each push under the 1.3273 swing, leaving a 1.3163-1.3273 holding range. ATR(14) near 58 pips reflects an active but not expanding move.
Support: 1.3163, 1.3160
Resistance: 1.3273, 1.3305
What it said to watch
H4 close below 1.3163 confirms a lower-low and opens the 1.3160 target
H4 close above 1.3273 challenges the lower-high structure toward 1.3305
BoE speakers Breeden/Dhingra today and US Core PCE Thursday could materially shift this read
01:01 UTC
Downtrend, probing lows · RSI 40 · price 1.31987
Lower highs, lower lows.
Cable has rolled over into a clean downtrend, carving lower highs and lower lows since the mid-month triangle breakdown as soft UK PMIs (Services 48.7) and political risk met a firm USD at 13-month highs. Price is consolidating just above the 7-month low at 1.3163 after sweeping 1.3160, with ATR(14) easing as the move catches its breath below both EMAs. The near-term cap sits at the 1.3232-1.3275 range, last defended on the recent bounce.
Support: 1.3163, 1.3160, 1.3205
Resistance: 1.3232, 1.3275
What it said to watch
H4 close below 1.3160 extends the lower-low sequence
Close above 1.3275 neutralises the downtrend read
BoE speakers Breeden/Dhingra today could spark a short-covering bounce
US Core PCE Thursday is the dominant USD-side risk