GBPUSD has drifted lower through the week, rolling over from the 1.3481 high into a steady chain of lower highs as soft UK construction data and a firm USD weighed. Price now bases just above the 1.3411 week low with RSI(14) sub-45 and trading below both H1 EMA(20) and EMA(50); the late-week sessions have flattened into a tight hold around 1.3423. Each rally into the 1.3437–1.3462 band has been capped.
Support: 1.34113, 1.3400, 1.3390
Resistance: 1.3437, 1.34623, 1.34814
What it said to watch
US Nonfarm Payrolls Fri ~14:00 UTC could materially shift this read
H1 close below 1.3411 confirms continuation toward the 1.3400/1.3390 psych zone
Reclaim of 1.3437 would challenge the descending lower-highs structure
22:01 UTC
Downtrend, lower highs · RSI 40 · price 1.34212
Lower highs into prior-week support, fading rallies.
Cable has drifted lower through the week, printing a sequence of lower highs after the 1.3480 prior high gave way; the latest bounce stalled at the 1.3459 swing high before fading back toward the 1.3411 week low. Price sits below both EMA20 and EMA50 with RSI(14) cycling in the low 40s, consistent with the soft UK PMI / range-bound GBP tone. Demand near 1.3411 has so far absorbed the decline.
Support: 1.3411, 1.3390
Resistance: 1.3435, 1.3459, 1.3480
What it said to watch
Hourly close below 1.3411 confirms a lower-low and opens the path toward 1.3390
Reclaim of the 1.3459 swing high would neutralise the lower-high structure
US Nonfarm Payrolls Fri 12:30 UTC (~15h) could materially shift this read
GBPUSD has rolled over since yesterday's NY session, printing a clean lower high at 1.3462 before sellers drove price back to the week low near 1.3415. RSI(14) sits in the high 30s with price trading well below EMA20 (~1.3448), confirming the downside bias of the last 24 hours. Asia session has stabilised around 1.3423 but pullbacks are stalling well short of the broken range top.
Support: 1.3420, 1.3415, 1.3410
Resistance: 1.3459, 1.3462
What it said to watch
H1 close back above 1.3459 prior swing would neutralise the lower-high read
Break of 1.3410 swing low extends the downtrend toward next handle
Reclaim of EMA20 around 1.3448 needed to argue for renewed range
Cable has trended lower since Monday's open, with the NY session yesterday driving a sharp leg down to 1.3406 before stabilising. Price is rolling over from a failed retest of 1.3462 during this NY session, with RSI(14) cycling 35–55 on each bounce and both EMAs capping. Holding just above the week low at 1.3412 keeps the range in play, but the lower-highs structure is intact.
Support: 1.3421, 1.34119, 1.34065
Resistance: 1.3435, 1.34623
What it said to watch
H1 close back above 1.3462 NY high would break the lower-highs sequence
Fed commentary post-Daly remarks could shift USD tone into Asia
19:00 UTC
Downtrend, momentum slowing near range lows · RSI 38 · price 1.34271
Lower highs since Tuesday, basing into 1.3420.
Cable has rolled over from Tuesday's 1.3480 NY high, printing a sequence of lower highs and breaking the week's prior swing at 1.3420 during today's London session. Price now bases just above the 1.3411 week low with RSI(14) flattening near 38, sitting below both EMA(20) and EMA(50). The Bessent jobs-data comment and Fed-Daly inflation rhetoric have kept the dollar firm into NY close.
Support: 1.34113, 1.3421, 1.3390
Resistance: 1.3443, 1.3480
What it said to watch
Hourly close below 1.3411 confirms continuation lower toward 1.3390 psych
Reclaim of 1.3443 prior swing would neutralise the lower-high structure
US jobs data tomorrow could materially shift this read
GBPUSD has rolled over from Tuesday's 1.3481 peak into a clean sequence of lower highs through the NY session, with price now pressing the week low around 1.3415. EMA(20) at 1.3459 has capped every pullback since the breakdown, and the latest NY leg printed 1.3426 — a session low retesting the prior swing low. RSI(14) at 36 reflects sustained downside pressure but isn't yet at exhaustion levels.
Support: 1.3426, 1.3415, 1.3411
Resistance: 1.3459, 1.3478
What it said to watch
H1 close below 1.3415 (week low) confirms continuation of the downtrend
Reclaim of EMA20 at 1.3459 would neutralise the lower-highs structure
US NFP risk in next 24h could materially shift this read
Lower highs since Tuesday rally, holding above 1.3410.
Cable has rolled over since Tuesday's NY session push to 1.3481, printing successive lower highs into 1.3462 today before sellers reasserted into the London-NY transition. Price trades below both EMA(20) and EMA(50) with RSI(14) at 38 after a mild bullish divergence on the move down to 1.3410, suggesting downside momentum is fading but not reversing. Ceasefire and Daly hawkish-tone headlines have kept the dollar bid, capping rallies under 1.3460.
Support: 1.3434, 1.3410, 1.3415
Resistance: 1.3462, 1.3480, 1.3478
What it said to watch
H1 close below 1.3410 week low opens path to 1.3360
Reclaim of 1.3462 session high invalidates the lower-highs read
Cable peaked Tuesday near 1.3480 and has bled lower in stair-step fashion since, posting lower highs through the NY session yesterday and again today after a brief rebound stalled at 1.3462. RSI(14) sits in the high 30s with price pinned below both EMA(20) and EMA(50), and the session low at 1.3437 is being retested into the European afternoon. Headlines around Iran negotiations and softer US jobless claims have failed to lift the pair off the week's lows around 1.3410-1.3415.
Support: 1.3437, 1.3410, 1.3415
Resistance: 1.3462, 1.3480
What it said to watch
H1 close back above 1.3462 (ema20) would neutralise the lower-highs sequence
Loss of 1.3410 week low confirms continuation lower
Reaction at session low 1.3437 — area to monitor for absorption or break