Higher lows since the 1.3140 base, consolidating below resistance.
Cable has staged a V-recovery off the 1.3140 base, printing higher lows and breaking back above the 1.328 shelf on the soft-USD story following the weak US NFP print. Price is now consolidating just under the 1.3385 recent high with the 1.3410 topside cap overhead, momentum easing as the run matures. Below, the 1.3325 prior range and 1.3300 psych mark the first supports, with 1.3265 the key line for the multi-week uptrend.
Support: 1.3325, 1.3300, 1.3265
Resistance: 1.3385, 1.3410
What it said to watch
H4 close above 1.3410 topside cap opens the path toward the 100-day MA
Failure to hold 1.3325/1.3300 threatens the recovery structure
Loss of 1.3265 key line breaks the higher-low sequence
US ISM Services (Mon) could materially shift this USD-driven read
17:02 UTC
Uptrend, momentum steady · RSI 63 · price 1.33552
Higher highs and higher lows since mid-window low.
Cable has recovered off the 1.3140 low in a clean higher-high, higher-low sequence, the leg driven by broad USD softness after the 57K NFP miss rather than domestic strength. Price broke back above the 1.328 shelf and EMA20 crossed above EMA50, with the last bars consolidating just under the 1.3385 swing high. ATR is moderate — the advance is orderly rather than blowing off.
Support: 1.3325, 1.3300, 1.3265
Resistance: 1.3385, 1.3410
What it said to watch
H4 close above 1.3410 opens the path toward the prior multi-week highs
Failure to hold 1.3325 then 1.3265 would break the higher-low structure
ISM Services (Mon) and FOMC Minutes (Wed) could shift the USD-driven read
Cable has recovered off the mid-June low at 1.3140, carving higher lows and breaking above the 1.32 range on the soft US NFP-driven dollar slide. The advance is stretched into the 1.3385 recent high, with the 100-day MA cluster near 1.3410 the next barrier. ATR compression has given way to expansion on the latest leg, keeping price above both the EMA20 and EMA50.
Support: 1.3300, 1.3218, 1.3140
Resistance: 1.33846, 1.3410, 1.34608
What it said to watch
BoE Gov Bailey speech 15:00 UTC — only domestic catalyst, could shift this read
H4 close above 1.3385 then 1.3410 opens the path back toward 1.3460
Failure to hold 1.3300 confirms a corrective pullback toward 1.3265
Cable has clawed back from the 1.3140 range low in a series of higher lows, riding the soft-NFP dollar slide back toward 1.3357. The advance is capped below the 1.3384 recent high and the 1.3410/100-day MA cluster, with the six-day push looking stretched. Price above both EMA20 and EMA50 keeps the recovery structurally intact, but ATR remains elevated after the two outsized rally bars.
Support: 1.3300, 1.3265, 1.3140
Resistance: 1.3384, 1.3410
What it said to watch
H4 close above 1.3410 opens the path toward extension higher
Failure to hold 1.3300 signals a corrective pullback toward 1.3265
Bailey speech 15:00 UTC could materially shift this read
Rounded base off late-June low, capped below MA cluster.
Cable has clawed back from the late-June ~1.3140 floor in a rounded recovery, building higher lows and pushing above both EMAs on the USD-driven pop after the soft US NFP print. Price now presses the recent 1.3385 swing high with the 1.3410 100-day MA cluster capping just above; ATR is expanding as the rally extends. The move reads corrective into that barrier rather than a fresh trend leg.
Support: 1.3300, 1.3240, 1.3140
Resistance: 1.3385, 1.3410, 1.3460
What it said to watch
H4 close above 1.3410 opens the path back toward 1.3460
Failure to hold 1.3300 negates the recovery and reopens 1.3240
BoE Gov Bailey 15:00 UTC could materially shift this read
09:02 UTC
Recovery, momentum building · RSI 64 · price 1.33705
Higher lows since mid-June low, testing MA cluster.
Cable has clawed back from the mid-June 1.3140 floor to 1.3370, carving a sequence of higher lows and breaking back above the 1.3300 prior range following the soft US NFP print that pressured the dollar. Price now sits at roughly a 72% retrace of the June down-leg and is pressing into the 1.3385 swing high ahead of the 1.3410 100-day MA cap. ATR is moderate; the rally reads corrective while capped below the moving-average cluster.
Support: 1.33377, 1.3300, 1.31399
Resistance: 1.33846, 1.3410, 1.34608
What it said to watch
BoE Gov Bailey speech today 15:00 UTC could materially shift this read
H4 close above 1.3410 opens the path toward the 1.3460 prior high
Failure to hold 1.3300 negates the higher-low structure
05:02 UTC
Recovering, uptrend off the base · RSI 64 · price 1.33605
Higher lows since the 1.3140 base.
Cable carved a double bottom near 1.3140 in mid-window and has since built a chain of higher lows, reclaiming both the EMA20 and EMA50 as the pair pushed to 10-day highs around 1.3385. The recovery has been powered by a hawkish BoE hold and a soft US NFP print that undercut the dollar. Price now sits under the 1.3385 swing high with ATR steady, the recovery leg extending rather than compressing.
Support: 1.33377, 1.31399
Resistance: 1.33846, 1.3416, 1.34608
What it said to watch
H4 close above 1.3385 swing high opens the path toward 1.3416 then 1.3461
Failure to hold 1.3335 prior low threatens the higher-low structure
BoE Bailey speech 15:00 UTC could materially shift this read
05:02 UTC
Recovery, momentum building · RSI 65 · price 1.33605
Higher lows since 1.3140, breaking prior range top.
Cable has carved out a rounded base off the 1.3140 swing low and cleared the stacked EMAs and the 1.3300 area, printing 10-day highs into 1.3384 on hawkish BoE messaging and a soft US NFP print. Higher-low structure is intact and EMA20 has crossed above EMA50, confirming the momentum shift. Price is now pressing the 61.8% retrace of the 1.3461→1.3140 decline, which aligns with the 50/200-day EMA ceiling the digest flags near 1.3300-1.3360.
Support: 1.3300, 1.3212, 1.31399
Resistance: 1.33846, 1.34608
What it said to watch
H4 close above 1.3384 opens the path to the 1.3461 prior high
BoE Gov Bailey speech 15:00 UTC — dovish shift risks a fade back toward 1.3220
Failure to hold the 1.3300 ema cap on a retest reopens the 1.3212 rising low
Price bottomed near the 1.3140 base and has built rising lows into a sharp recovery, accelerating after the weak US NFP print pressured the dollar. The bounce is now pressing the 1.3385 swing high, the ceiling flagged around the falling 50/200-DMA band, with the 1.32187 range low and 1.32870 breakout level below. ATR(14) is expanding on the last three bars, showing the recovery has picked up momentum rather than stalled.
Support: 1.3287, 1.32187, 1.31399
Resistance: 1.33846, 1.34437
What it said to watch
H4 close above 1.3385 opens the path toward the 1.34437 prior high
Failure to hold 1.32870 breakout level negates the recovery leg back toward the 1.32187 range low
Bailey speech (15:00 GMT) and ISM Services Mon could materially shift this read
01:02 UTC
Recovery uptrend off base · RSI 63 · price 1.33397
Higher lows since 1.3140 low.
GBPUSD carved a rounded base near 1.3140 and has recovered ~200 pips, clearing the 1.3300 band on the hawkish-BoE, softer-USD story. Price now sits around the 61.8% retracement of the 1.3461-1.3140 decline with higher-low structure intact, and both EMA20 and EMA50 have flipped below price after the recovery leg. Momentum is constructive but the advance is stalling into the 1.3385 recent high.
Support: 1.3300, 1.3215, 1.3140
Resistance: 1.3385, 1.3461
What it said to watch
H4 close back below 1.3300 would negate the breakout and re-expose the 1.3215 area
Sustained move above 1.3385 opens the path toward the 1.3461 swing high
Bailey speech (15:00 GMT) is the immediate tone-driven catalyst