Cable ran to a 2-week high at 1.3384 on Thursday's soft US NFP (57K vs 110K) crushing Fed-hike bets and broadly pressuring the Dollar. Since then price has stalled and gone flat around 1.3348 into the US holiday, with RSI(14) easing back toward the midline and price hugging EMA(20). The advance is a weak-USD story, so structure is corrective rather than reversing while 1.3325 holds.
Support: 1.3325, 1.3300, 1.3265
Resistance: 1.3384, 1.3410
What it said to watch
H1 close above 1.3384 opens the path toward the 1.3410 barrier
Failure to hold 1.3325 exposes 1.3300, then the 1.3265 floor
BoE Mann (Mon 16:45 GMT) and US ISM Services (Mon 14:00 UTC) could shift this USD-driven read
Cable rallied from Monday's 1.3212 low to a week high at 1.3384, the leg driven by broad USD weakness after Thursday's soft US NFP miss (57K vs 110K). Price has since coiled around 1.3350 into thin US-holiday liquidity, slipping just under EMA(20) while holding above EMA(50); RSI(14) has cooled back near the midline as momentum flattened. The week-high zone at 1.3384 remains the pivot capping the advance.
Support: 1.3345, 1.3325, 1.3300
Resistance: 1.33846, 1.3410
What it said to watch
H1 close above 1.3384 opens the path toward the 1.3410 upside barrier
Failure to hold 1.3325 support would break the rising structure off Monday's low
BoE Mann speech and US ISM Services could shift this read on the next session
Consolidation near two-week highs after impulsive rally.
Cable ran from the 1.3212 low into 1.33846 across Wednesday-Thursday as the soft US NFP print (57K vs 110K) hammered the dollar, then flattened out into thin July-4 holiday trade. Price is coiling around a flattening EMA(20) with RSI(14) back to neutral after the push, and the 1.33846 week high has capped attempts. The move is USD-driven, not a fresh sterling catalyst.
Support: 1.3345, 1.3325, 1.3300
Resistance: 1.33846, 1.3410
What it said to watch
H1 close above 1.33846 week high opens the 1.3410 upside cap
Failure to hold 1.3345 exposes 1.3325 week support
US ISM Services (Mon 14:00 UTC) could reset this USD-led read
Cable ground higher all week from the 1.3212 base to two-week highs at 1.33846, an entirely USD-driven move after Thursday's soft US NFP miss (57K vs 110K). Since Friday's thin holiday session it has consolidated in the mid-1.33s, holding above EMA(20) and EMA(50) with RSI stalling near neutral. The 1.33846 week high has capped the advance while dips into the 1.3346 area have been bought.
Support: 1.3346, 1.3325, 1.3300
Resistance: 1.33846, 1.3410
What it said to watch
H1 close above 1.33846 opens the path toward the 1.3410 100-dma cap
Failure to hold 1.3325 exposes 1.3300
US ISM Services Mon 14:00 UTC and FOMC minutes Wed could shift this USD-led read
Cable has climbed all week from Monday's ~1.3245 open, the leg driven by broad USD weakness after Thursday's soft US NFP (57K vs 110K) cooled Fed-hike bets rather than any fresh UK catalyst. Price is now coiling in a tight 1.3346–1.3358 range just under the 1.3385 week high, with RSI flattening around 50 and pullbacks stalling near the EMA20. The 1.3410 barrier flagged by desks caps the immediate upside while 1.3325 marks this-week's support.
Support: 1.33457, 1.3325, 1.3300
Resistance: 1.33846, 1.3410
What it said to watch
H1 close above 1.3410 barrier extends the week's uptrend
Slip below 1.3325 opens the path toward 1.3300
ISM Services (Mon 14:00 UTC) is the near-term USD risk that could shift this read
Cable rallied ~1.3% since Monday's open, a USD story after Thursday's soft NFP miss (57K vs 110K) hammered the dollar rather than fresh UK strength. Price has stalled into a tight consolidation between 1.3345 and the 1.33846 week high through the last session, with RSI(14) cooling off overbought and price now hovering at the EMA20. The 1.3410 barrier and 100-DMA cap the upside while the 1.3345 range low has held.
Support: 1.3345, 1.3325, 1.3265
Resistance: 1.33846, 1.3410
What it said to watch
Hourly close above 1.3410 opens the path toward the 100-DMA cap
Slip below 1.3325 confirms an overbought pullback toward 1.3265
ISM Services Mon and FOMC minutes Wed could shift this USD-led read