GBPUSD has ground higher all week, pushing fresh week highs at 1.3397 into a thin late session, with the rally seated well above EMA(20)/EMA(50). The move traces back to Friday's soft US NFP (57K vs 110K), and the pair now presses the 1.3410 / 200-DMA barrier flagged as the key cap. RSI(14) near 69 shows the push is stretched but not yet rolling over.
Support: 1.3362, 1.3350, 1.3328
Resistance: 1.3397, 1.3410
What it said to watch
Hourly close above 1.3410 opens continuation toward the next barrier
Failure to hold 1.3350 consolidation signals a deeper pullback toward the swing low
FOMC minutes Wed 18:00 UTC could materially shift this read
23:01 UTC
Uptrend, extended · RSI 71 · price 1.33971
Higher highs, higher lows into week high.
GBPUSD has climbed steadily through the back half of the week, printing fresh week highs at 1.3397 into the late session with RSI(14) pushing toward overbought. Price holds above EMA20 and EMA50, with pullbacks this week finding support near the 1.3350 area after Sterling's NFP-driven rally. The 1.3410 barrier (200-DMA per market read) remains the immediate cap on further upside.
Support: 1.3350, 1.3331, 1.3360
Resistance: 1.3397, 1.3410
What it said to watch
H1 close above 1.3410 opens continuation past the 200-dma barrier
Failure to hold 1.3350 breaks the week's higher-low sequence
FOMC minutes Wed 18:00 UTC could materially shift the USD read
Cable climbed steadily through the NY session into fresh week highs at 1.33969, extending Sterling's status as the strongest G10 currency. Price sits above both EMA(20) and EMA(50) with RSI(14) pushing toward overbought as the pair presses the 1.3410 barrier that has capped the multi-day rally. Momentum is stretched into thin late-session hours and the pair remains below its bigger MAs, so the 1.33969/1.3410 zone is the immediate area to watch.
Support: 1.3375, 1.3341, 1.3330
Resistance: 1.33969, 1.3410
What it said to watch
H1 close above 1.3410 opens the path higher; failure to clear keeps rally capped
Loss of 1.3375 threatens the higher-low sequence, exposing 1.3341 week open
FOMC Minutes (Wed 18:00 UTC) and BoE Mann (Tue) could shift this read
Cable has ground higher off Monday's 1.33285 low, with the sharpest leg during the NY session lifting price to a week high at 1.33969 before easing into the close. RSI(14) is elevated near 70 and price sits above both EMA(20) and EMA(50), keeping the week's uptrend intact, though the 1.3410 barrier flagged by desks caps the topside. Sterling firmed on the week's US NFP miss even as the broader rally reads overbought below the 100/200-day MAs.
Support: 1.33559, 1.33341, 1.33285
Resistance: 1.33969, 1.3410
What it said to watch
H1 close above 1.34100 barrier opens continuation higher
Loss of 1.33559 breakout would question the up-leg
UK political/fiscal headlines are the main downside catalyst for the week
GBPUSD rallied through the NY session to fresh week highs near 1.3397 after Sterling's best week in three months, powered by last week's US NFP miss and short-covering. Price is holding well above EMA(20) with RSI(14) stretched into overbought as the mid-week consolidation around 1.3355 gave way to the upside. The 1.3410 barrier flagged in the macro read is the next area to watch for rejection or break.
Support: 1.3355, 1.3335, 1.3300
Resistance: 1.3397, 1.3410
What it said to watch
H1 close above 1.3410 barrier opens the path higher
Failure to hold 1.3355 (ema20) would signal the breakout stalling
Loss of 1.3335 swing low reopens the range toward 1.3300
FOMC minutes Wed 18:00 UTC could materially shift this read
21:02 UTC
Uptrend, extended into resistance · RSI 67 · price 1.3389
Higher highs and higher lows, fresh week highs.
Sterling capped its best week in three months, and GBPUSD pushed to fresh week highs near 1.3397 into the NY session after the earlier US NFP miss underpinned the move. Price holds above EMA20/EMA50 with higher lows building since the 1.3329 swing low, though RSI near 67 and the 1.3410 barrier overhead mark the rally as extended. The stall just below 1.3410 keeps that level as the immediate cap.
Support: 1.3358, 1.3329, 1.3300
Resistance: 1.3397, 1.3410
What it said to watch
H1 close above 1.3410 barrier opens further upside
Loss of the 1.3358 prior range breaks the higher-low structure toward 1.3329
FOMC minutes Wed 18:00 UTC could materially shift this read
Cable extended its multi-day rally through the NY session, printing fresh week highs near 1.3397 as the USD stayed firm but capped after last week's soft NFP. Price has held above EMA20 with a clean higher-low sequence off 1.33285, and RSI(14) sits elevated near 68 without a clear divergence yet. The 1.3410 barrier flagged into this week is the immediate area to watch for rejection or break.
Support: 1.3335, 1.3300, 1.33285
Resistance: 1.3397, 1.3410
What it said to watch
H1 close above 1.3410 barrier opens the path higher
Failure to hold 1.3335 hl support breaks the higher-low sequence
UK political/fiscal headlines could unwind stretched sterling gains
20:01 UTC
Uptrend, extending into NY · RSI 68 · price 1.33919
Higher highs, higher lows.
Cable ground higher through the NY session, breaking the 1.3350 shelf that capped the earlier consolidation and pressing the 1.3397 session high, with price holding well above EMA20 and EMA50 all day. The leg extends this week's dollar-soft rally after Thursday's weak US payrolls; RSI(14) near 68 shows momentum stretched but not yet rolling over. The 1.3410 barrier flagged by UOB sits just overhead.
Support: 1.3350, 1.33285, 1.33108
Resistance: 1.33969, 1.3410
What it said to watch
Sustained trade above 1.3410 opens the next barrier; pair remains capped below the 100/200-day cluster
Loss of 1.3350 prior high would break the higher-low sequence toward 1.3328 swing low
FOMC minutes Wed 18:00 UTC could reprice the dollar and shift this read
GBPUSD has trended higher since Monday's open, with the dominant leg carrying from the 1.3219 low toward a fresh week high at 1.3397, aided by GBP running as the top G10 performer on short-covering and the earlier soft US NFP print. The NY session drove today's clean break above the 1.3385 barrier, holding above EMA20 and EMA50 with RSI(14) now stretched near 71. Price sits just under the 200-day cap around 1.3410.
Support: 1.3330, 1.3320, 1.3300
Resistance: 1.3397, 1.3410
What it said to watch
H1 close above 1.3410 opens continuation toward the next barrier
Failure to hold 1.3330 session low signals a deeper pullback toward 1.3320 pivot
BoE Financial Stability Report and Mann speech (Jul 7) could shift this read
GBPUSD has ground higher through the NY session, breaking out of the 1.3350 range that held all day and pushing to a fresh week high near 1.33968 — the extension of sterling's short-covering rally after last week's soft US NFP. Price sits well above EMA20 and EMA50 with RSI(14) stretched into the low 70s, leaving the move rich as it approaches the 1.3410 upside barrier. Pullbacks earlier this week held the 1.33285 swing low.
Support: 1.33488, 1.33285, 1.3310
Resistance: 1.33968, 1.3410
What it said to watch
A sustained H1 close above 1.3410 opens the path to the next leg higher
Slip back below 1.3320 turns focus to the 1.33100 week low
Stretched RSI leaves room for profit-taking against the 1.33968 session high
BoE Financial Stability Report and Mann speech (Jul 7) and FOMC minutes (Jul 8) could shift this read
Higher highs and higher lows since Friday's dip, back at range top.
Cable has climbed back to the week's highs near 1.3385, with the NY session run extending after last week's soft US NFP kept the USD on the back foot despite intermittent Hormuz-driven safe-haven bids. Price holds above EMA20 and EMA50 and RSI(14) sits near 68, elevated as the pair retests the 1.3385 cap. Higher lows off 1.3330 remain intact into this test.
Support: 1.3343, 1.3330, 1.3285
Resistance: 1.3385, 1.3410
What it said to watch
H1 close above 1.3385 opens the path to the 1.3410 barrier
Failure to hold 1.3343 higher low breaks the rising sequence, exposing 1.3330
FOMC minutes Wed and BoE speakers could reprice this read
18:01 UTC
Uptrend, pressing week high · RSI 68 · price 1.33815
Higher highs and higher lows since Monday's open.
Cable has trended up since Monday's open, with the bulk of the leg driven by a soft USD after last Thursday's NFP miss (57K vs 110K). Price is pressing the 1.3384 week high into the NY session with RSI(14) cycling in the high-60s; pullbacks earlier stalled sub-1.3350 as a Hormuz-linked USD bid capped the move, but the 1.3329 swing low held and buyers reclaimed the highs. Above EMA20 and EMA50 throughout.
Support: 1.3355, 1.3329, 1.3300
Resistance: 1.3384, 1.3410
What it said to watch
Hourly close above 1.3384 opens the path to the 1.3410 barrier
Failure to hold 1.3329 breaks the week's higher-low sequence
FOMC minutes Wed 18:00 UTC could materially shift the USD read
17:01 UTC
Uptrend, pausing then re-accelerating · RSI 64 · price 1.33755
Higher lows off Monday's open, pressing week highs.
Cable opened Monday near 1.3341 and coiled in a tight 1.3330–1.3350 band before an NY-session push reclaimed 1.3375, back near the week high at 1.3385. Price holds above EMA(20) and EMA(50) with RSI(14) cycling in the low-60s. The multi-day story is a USD one — the soft 57K NFP fuelled the run — though GBP's rally has stalled around the 200/100-day cluster into Hormuz-driven USD support.
Support: 1.3335, 1.3300, 1.3265
Resistance: 1.3385, 1.3410
What it said to watch
H1 close above 1.3385 opens the path to the 1.3410 barrier
Failure to hold 1.3335 exposes 1.3300 support
FOMC minutes Wed 18:00 UTC and BoE speakers could reprice this read
Higher lows this week, pressing back to week high.
Cable rallied off Monday's 1.3219 low to a 1.3385 week high after Friday's soft US NFP, then consolidated sub-1.3350 as Hormuz-driven safe-haven USD demand capped the run. Price has reclaimed EMA(20) and pushed back to 1.3375 into the NY session, with RSI(14) cycling in the 55-65 zone on each higher low. The week high at 1.3385 remains the immediate structural cap.
Support: 1.3330, 1.3320, 1.3285
Resistance: 1.33846, 1.3410
What it said to watch
H1 close above 1.3385 opens the path toward the 1.3410 barrier
Failure to hold 1.3320 support would confirm a lower low
FOMC minutes Wed 18:00 UTC could re-price broad USD and shift this read
16:01 UTC
Uptrend, grinding higher · RSI 62 · price 1.33673
Higher lows since Monday's open.
Cable has ground higher off Monday's 1.33285 low, printing higher lows and holding above EMA(20) as the soft US NFP that drove last week's best-in-3-months rally keeps sterling supported on a USD story. The weekend gap higher was filled early Monday, and the pair is now pressing back toward the weekly high at 1.3385 with RSI(14) cycling in the upper half. Momentum is intact but the 100-/200-day SMA cluster and 1.3410 barrier cap overhead.
Support: 1.33285, 1.3345, 1.3300
Resistance: 1.3385, 1.3410
What it said to watch
H1 close above 1.3385 opens the path to the 1.3410 barrier
Failure to hold 1.33285 week low exposes 1.3300
BoE Mann (16:45 UTC) and Wed FOMC minutes could materially shift this read
16:01 UTC
Recovery off week lows, momentum building · RSI 61 · price 1.33673
Range after midweek impulse, pressing top.
Cable rallied from Monday's 1.3255 open to 1.3384 midweek as the soft US NFP squeezed sterling shorts, then settled into a 1.3328–1.3384 range for two sessions. Price has recovered off the 1.3328 swing low through the NY session and is now pressing the range top with RSI(14) back above 60. Holding above EMA20 and EMA50, the recovery is external USD-driven rather than domestic given the soft UK PMIs.
Support: 1.33285, 1.3300, 1.32507
Resistance: 1.33846, 1.3410
What it said to watch
H1 close above 1.3384 opens the path toward the 1.3410 barrier
Failure to hold 1.33285 exposes 1.3300 and confirms range give-back
BoE Mann speech (16:45 UTC) and FOMC minutes Wed could materially shift this read
15:01 UTC
Uptrend stalling, now ranging · RSI 57 · price 1.3357
Consolidation under weekly high after impulse.
Cable opened Monday near 1.3250 and ran ~1.3% higher on the soft US NFP print, tagging 1.3385 before stalling. Since then price has coiled 1.3330–1.3385, holding above EMA(20) with RSI(14) cycling around the mid-50s — a USD-driven rally now consolidating rather than extending, with the weekly high capping. Firmer USD on Hormuz risk has kept the 1.3385 ceiling intact this week.
Support: 1.33285, 1.3300
Resistance: 1.33846, 1.3410
What it said to watch
H1 close above 1.33846 opens the path to the 1.3410 magnet
Loss of 1.33285 exposes 1.3300 psych support
FOMC minutes Wed 18:00 UTC and BoE Mann 16:45 UTC could reshape this range read
15:01 UTC
Range within this week's uptrend · RSI 55 · price 1.3357
Consolidation below weekly high after soft-USD rally.
This week's +1.3% Cable rally was a Dollar story — the soft 57K US NFP drove the leg from 1.3219 to the 1.3385 weekly high before momentum stalled. Since then price has ranged 1.3330–1.3385, dipping below 1.3350 as Hormuz-driven safe-haven USD bid capped the topside, then recovering into 1.3357 on higher lows. Price holds above EMA20/EMA50 with RSI cycling mid-50s.
Support: 1.33285, 1.3320, 1.3300
Resistance: 1.33846, 1.3410
What it said to watch
H1 close above 1.33846 reopens the path toward the 1.3410 magnet
Loss of 1.33285 swing low confirms a lower-low toward 1.3320/1.3300
FOMC Minutes (Wed 18:00 UTC) and BoE Mann today are the dominant catalysts for this read
Consolidation after weekly rally, capped below 1.3410.
Cable's ~1.3% weekly pop was almost entirely a soft-NFP Dollar story, topping near 1.3384 into Friday's NY session before stalling. Since the weekend gap price has coiled in a tight 1.3330-1.3360 band, holding above EMA20 with RSI(14) cycling around the mid-50s. The 200-day cluster sub-1.3410 has kept a lid on every push higher.
Support: 1.3328, 1.3300, 1.3280
Resistance: 1.3384, 1.3410
What it said to watch
Sustained H1 close above 1.3410 opens the extension flagged by the weekly rally
Failure to hold the 1.3328 day low exposes the 1.3300 support band
US ISM Services 14:00 UTC (f/c 54) is the dominant Cable driver and could break this range
Cable ran from Monday's 1.3219 low to 1.3385 on the soft-NFP Dollar story, then stalled and has traded a tight 1.3329–1.3385 range for two days. Price is pinned around EMA(20) with RSI(14) hovering near 47, and the 200-day cluster near 1.3410 continues to cap the upside. A mild safe-haven USD bid on Hormuz headlines has kept the rally paused below the week high.
Support: 1.33285, 1.3320, 1.3265
Resistance: 1.33846, 1.3410
What it said to watch
US ISM Services 14:00 UTC could materially shift this read into NY hours
H1 close above 1.33846 reopens the 1.3410 barrier test
Loss of 1.3329 exposes the 1.3320/1.3285 support band
Cable rallied off 1.3214 to the 1.3385 week high before stalling, easing back below the 1.3350 pivot as renewed Strait of Hormuz tensions handed the USD a safe-haven bid. Price has coiled in a tight 1.3328–1.3350 band since the gap higher, holding just above EMA(50) while RSI(14) drifts near 47. The seven-day advance was Dollar-driven, and that momentum is clearly cooling into these final sessions.
Support: 1.33285, 1.3300
Resistance: 1.3350, 1.33846
What it said to watch
H1 close above 1.3350 pivot opens a retest of the 1.33846 week high
Failure to hold 1.33285 swing low confirms a lower-low
US ISM Services and FOMC minutes could shift the USD read
Cable spent the week climbing from 1.3214 to 1.3385 on the soft US NFP miss, but the impulse has stalled and price is now grinding sideways below the 1.3350 pivot as renewed Hormuz tensions lend the USD a safe-haven bid. Two attempts at 1.3385 were capped and RSI(14) has flattened near 50, with price pinned around EMA20 but under EMA50. The 1.3330 support has held through the current session's chop.
Support: 1.3330, 1.3300, 1.3285
Resistance: 1.3350, 1.3385
What it said to watch
H1 close above 1.3350 reopens the path to 1.3385 highs
Failure to hold 1.3330 exposes the 1.3300 range floor
US ISM Services 14:00 UTC and Fed's Waller 15:00 UTC could shift this read
Cable rallied ~1.3% off Monday's 1.3213 base into last week's 1.3385 high on the soft US NFP miss, a Dollar-led move that has since stalled. Price reopened after the weekend gap and is consolidating in a 1.3330-1.3356 band, capped below the range top as the USD firmed on renewed Hormuz safe-haven flows. RSI(14) sits mid-range around 50 with the impulse largely unwound; the 23.6% retrace at 1.3344 is holding.
Support: 1.33285, 1.3332, 1.3308
Resistance: 1.3356, 1.33846
What it said to watch
H1 close below 1.3330 opens 1.3308 then the 1.3285 swing low
Reclaim of 1.3356 range top puts the 1.3385 week high back in play
US ISM Services 14:00 UTC and Fed's Waller 15:00 UTC could shift the USD-led read
BoE Mann speech 16:45 GMT a domestic risk into the next bars
Cable ran +1.3% off Monday's 1.3213 open on the soft US NFP miss, peaking at 1.3385 before stalling. Price has since drifted into a 1.3328–1.3385 range and sits back around EMA20/50 with RSI(14) mid-range near 51, momentum flattening below the 200-day SMA. The week high at 1.3385 has capped, while dips into 1.3328 have found demand.
Support: 1.33285, 1.3320, 1.3300
Resistance: 1.33846, 1.3410
What it said to watch
H1 close above 1.3385 opens the path toward the 1.3410 barrier
Break below 1.3328 exposes 1.3300 psych and the 1.3320 pivot
US ISM Services 14:00 and Fed's Waller 15:00 could shift the USD-led read
Strait of Hormuz headlines a near-term safe-haven USD swing factor
11:02 UTC
Uptrend stalling into range · RSI 45 · price 1.33402
Consolidation below week high.
Cable rallied off Monday's ~1.3215 open to a Thursday peak at 1.33846 on the soft-NFP USD story, then stalled into a two-day range between 1.3330 and 1.3355. Price is pinned just below the EMA20 near 1.3345 with RSI(14) mid-40s as renewed Hormuz tensions revive a safe-haven USD bid. The week high at 1.33846 caps, with the 1.3410 barrier overhead.
Support: 1.3330, 1.3300
Resistance: 1.3345, 1.33846, 1.3410
What it said to watch
H1 close above 1.33846 reopens the 1.3410 cap
Loss of the 1.3330 range floor opens the 1.3300 psych level
US ISM Services 14:00 UTC and BoE Mann 16:45 GMT could shift this read
11:01 UTC
Uptrend stalled, now ranging · RSI 46 · price 1.33402
Consolidation below week high after impulse.
Cable ran up through the week to a 1.3384 high on the soft-NFP USD story, then rolled into consolidation and has drifted back below EMA(20) and EMA(50). Since the weekend gap price has held a tight 1.3330–1.3355 range, with renewed Hormuz-driven USD demand capping attempts higher. The pullback remains shallow relative to the week's impulse, but momentum has flattened with RSI(14) cycling in the mid-40s.
Support: 1.3330, 1.3300, 1.3280
Resistance: 1.3355, 1.3384
What it said to watch
H1 close below 1.3330 confirms a lower low and opens 1.3300
Reclaim of 1.3355 reopens the 1.3384 week high
BoE Mann speech and US ISM Services risk could shift this read intraday
Cable rallied roughly 1.3% this week off Monday's 1.3212 low, driven by soft US NFP rather than domestic strength, but the advance stalled below 1.3384 into the 200-day/100-day MA cluster. Since Thursday's push price has flat-lined around 1.3335, slipping under EMA20 with RSI(14) cooling into the mid-40s. The consolidation is holding a series of lower highs while demand keeps defending the 1.3330 area.
Support: 1.3300, 1.3285, 1.3265
Resistance: 1.3384, 1.3410
What it said to watch
H1 close above 1.3384 week high opens the path to the 1.3410 200-day cluster
Failure to hold 1.3300 psych level exposes 1.3265 key floor
US ISM Services (14:00 UTC) could materially shift this USD-led read
Cable's weak-NFP driven rally to 1.3384 last week has stalled, with price consolidating around 1.3335 after a small weekend gap down from Friday's 1.3349 close. The move remains a Dollar story capped by the 200-day cluster near 1.3385, and lower highs have formed since the peak. RSI(14) sits mid-range near 48 with price hovering on EMA20 and below EMA50.
Support: 1.3329, 1.3300, 1.3265
Resistance: 1.3352, 1.3385, 1.3410
What it said to watch
H1 close above 1.3385 opens the 1.3410 path
Failure to hold 1.3329 exposes 1.3300 then the 1.3265 floor
US ISM Services (14:00 UTC) could shift this read via USD repricing
Cable's ~1.3% climb off the 1.3212 low was almost entirely a soft-US-NFP story, and the move stalled below the 1.3385 week high and the 100/200-day MA cluster. Since Monday's flat open near 1.3341 price has drifted lower, slipping under EMA20 with RSI(14) fading toward the mid-40s as safe-haven USD demand caps the recovery. Repeated rejection near 1.3385 last week keeps that zone the ceiling while 1.3328 holds the base.
Support: 1.3328, 1.3300
Resistance: 1.3344, 1.3385, 1.3410
What it said to watch
H1 close above 1.3385 opens the path to the 1.3410 MA cluster
Failure to hold 1.3328 exposes the 1.3300 psych floor
US ISM Services (14:00) and Waller (15:00) could reset the USD-driven read
Consolidation below week's highs, capped under MA cluster.
Cable rallied from Monday's ~1.3212 low to 1.3385 mid-week almost entirely on USD weakness after the 57K NFP miss, then stalled and coiled in a 1.3340-1.3360 band. Since the weekend reopen price has drifted to session lows at 1.3328, now sitting below EMA20/EMA50 with RSI(14) fading toward 45. The MA cluster near 1.3341 is capping upside, keeping the recovery on a leash.
Support: 1.33285, 1.3300, 1.32639
Resistance: 1.3360, 1.33846, 1.3341
What it said to watch
US ISM Services (14:00) and Waller (15:00) could reset the USD-driven read
H1 close below 1.33285 confirms a lower-low and opens 1.3300
Reclaim of 1.3360 reopens the path back to 1.33846 week high
Cable rallied from Monday's 1.3212 base to a week high at 1.3385, an almost pure USD-short move after the soft NFP print rather than domestic strength. Since Thursday's peak price has consolidated, gapping marginally lower over the weekend and now hugging EMA(20) near 1.3348 with RSI(14) back to the mid-40s. The 1.3385 week high has capped every attempt this week while the 1.3325/1.3300 shelf underpins the range.
Support: 1.33285, 1.3300, 1.3265
Resistance: 1.33846, 1.3410
What it said to watch
H1 close above 1.3385 opens the path toward the 1.3410 barrier
Loss of 1.33285 confirms a lower low and exposes 1.3300
US ISM Services 14:00 UTC and BoE's Mann 16:45 GMT could shift this read
Cable rallied off the 1.3187 low mid-week — a USD-short story on the soft June NFP miss (57K vs 110K) rather than domestic strength — and peaked at 1.33846 before rolling into a sideways drift. Since then price has coiled in a 1.3330–1.3385 band, holding above EMA(20) but capped below the week high with RSI(14) flattening near neutral. The 100-day MA and 1.3410 barrier remain the upside cap flagged as overbought.
Support: 1.33285, 1.3300
Resistance: 1.33846, 1.3410
What it said to watch
H1 close above 1.33846 opens the 1.3410 barrier and 100-day MA cap
Failure to hold 1.33285 exposes 1.3300 psych support
BoE Mann speech (16:45 GMT) is the only domestic catalyst that could shift this read
07:01 UTC
Weekly uptrend, momentum rolling over · RSI 41 · price 1.33295
Pullback from week high, consolidating lower.
Cable rallied all week on imported USD weakness after Thursday's soft US NFP (57K vs 110K), peaking at the 1.33846 week high before stalling below the 100-dma cap. Price has since drifted under the EMA20 with RSI easing to the low-40s, and now sits on the 1.3330 area as the pullback develops toward the 1.3300 psych level. Supply capped repeated attempts at 1.3380 while the advance from Monday's 1.3212 low is being retraced.
Support: 1.3300, 1.3265
Resistance: 1.3350, 1.33846
What it said to watch
US ISM Services at 14:00 UTC could materially shift this Dollar-driven read
H1 close below 1.3300 opens the path toward the 1.3265 week floor
Reclaim of 1.33846 week high needed to resume the weekly advance
Cable ran hard after Thursday's soft US NFP, peaking near 1.3385 into the NY session before stalling below the 100-day cap. Since the weekend gap price has drifted lower, slipping under EMA20 and easing back to the 1.3330 fib 38.2 shelf of the week's impulse as the overbought stretch unwinds. RSI(14) has cooled from stretched levels back toward 40 as the twin highs at 1.3385/1.3381 capped upside.
Support: 1.3330, 1.3300, 1.3265
Resistance: 1.3358, 1.3385
What it said to watch
H1 close below 1.3330 opens the 1.3300 psych level, then 1.3265 week floor
Reclaim of 1.3358 prior high needed to re-engage the 1.3385 week high
US ISM Services (14:00 UTC) and BoE Mann speeches could shift this read
Cable ran from Monday's 1.3212 low to Thursday's 1.3385 peak, a USD-weakness move after the soft US NFP print (57K vs 110K) crushed Fed hike bets. Since then price has stalled below the week high and drifted back under EMA20 into thin holiday liquidity, with RSI(14) cooling toward 43. The 1.3385/1.3410 zone capped the advance while 1.3325 is the first support being probed.
Support: 1.3325, 1.3300, 1.3265
Resistance: 1.33846, 1.3410
What it said to watch
H1 close below 1.3325 opens the path toward 1.3300
Reclaim of 1.3385 week high needed to resume the up-leg
US ISM Services 14:00 UTC and BoE Mann later today are the near-term catalysts
06:01 UTC
Uptrend, momentum fading · RSI 47 · price 1.33385
Consolidating below two-week high.
Cable rallied ~1.3% this week from Monday's 1.3242 open to a two-week high at 1.3384, a move driven almost entirely by USD weakness after Thursday's soft 57K NFP print rather than domestic strength. Price has since stalled and is consolidating in the mid-1.33s, slipping under EMA20 with RSI(14) easing back toward the midline as the six-day run loses steam. The 1.3384 week high capped the advance and 1.3410 (100-day ma) sits above as the next barrier.
Support: 1.3334, 1.3325, 1.3300
Resistance: 1.3384, 1.3410
What it said to watch
H1 close below 1.3325 support confirms a lower low and ends the week's higher-high sequence
US ISM Services 14:00 UTC and BoE's Mann later today could materially shift this read
Reclaim of 1.3384 week high reopens the path toward 1.3410
Cable rallied from Monday's 1.3212 low to a 1.3385 week high on soft-NFP dollar weakness, but the advance stalled from Thursday and price has been drifting inside a 1.3340-1.3360 band, opening the new week with a small weekend gap lower. RSI has cooled back into the mid-40s and price has slipped below EMA20, though the broader higher-low structure off Monday's base still holds. The 1.3385 area (also the 100-day MA cap) has yet to be retested.
Support: 1.3339, 1.3325, 1.3300
Resistance: 1.3358, 1.3385
What it said to watch
H1 close back above 1.3358 reopens the 1.3385 week high
Loss of 1.3325 negates the week's higher-low structure
ISM Services / Waller (14:00/15:00 UTC) is the key USD catalyst today
Cable ran from Monday's 1.3212 open to 1.3384 through the week, the rally a Dollar story after the soft US June NFP crushed Fed hike bets. Since Friday's NY session price has stalled and drifted back under EMA(20) near 1.3350, with RSI(14) cooling off overbought toward the mid-40s. The week high at 1.3384, aligned with the 100-day MA cap, has capped two attempts and is the pivot for the swing read.
Support: 1.3339, 1.3325, 1.3300
Resistance: 1.3350, 1.3384, 1.3410
What it said to watch
H1 close above 1.3384 opens the path to the 1.3410 barrier
Failure to hold 1.3325 confirms a lower low and deeper pullback
US ISM Services (14:00 UTC) and Waller could reshape the Dollar read this session
Cable rallied hard on Thursday's soft US NFP print (57K vs 110K) to a week high near 1.3385, then rolled into a tight, holiday-thin consolidation and is now drifting under EMA(20). The 100-day MA cap at 1.3410 has kept a lid on the extension, and price is testing the lower edge of this week's range around 1.3339. Momentum has cooled with RSI(14) back near the midline after the impulse.
Support: 1.3339, 1.3325, 1.3300
Resistance: 1.3385, 1.3410
What it said to watch
H1 close above 1.3385 reopens the 1.3410 100-day MA cap
Failure to hold 1.3339 exposes 1.3325 then the 1.3300 pivot
ISM Services and Waller today could shift the USD-driven read
Cable's week was built on a soft-USD story after Thursday's 57K NFP miss, driving an impulse from 1.3219 to the 1.3385 week high. Price has since consolidated and rolled just under EMA(20)/EMA(50), with the 1.3385 high capping and RSI(14) cooling back toward 46. The 100-day MA near 1.3410 remains the overhead cap flagged all week.
Support: 1.3339, 1.3325, 1.3300
Resistance: 1.33846, 1.3410
What it said to watch
H1 close above 1.3410 (100-day ma) opens extension of the rally
Failure to hold 1.3325 pivot confirms a deeper pullback toward 1.3300
US ISM Services and FOMC minutes are the near-term USD catalysts for this read
Higher highs into week high, now consolidating below it.
Cable has trended higher all week, the move almost entirely a soft-USD reaction to Thursday's NFP miss (57K vs 110K) that peaked at the 1.3384 week high. Since Friday price has flattened into a 1.3340-1.3360 consolidation, with RSI(14) cooling back toward the mid-50s and price slipping under EMA(20) while holding above EMA(50). The 1.3410 100-day MA remains the untested cap above the week high.
Support: 1.3339, 1.3325, 1.3300
Resistance: 1.33846, 1.3410
What it said to watch
H1 close above 1.33846 then 1.3410 opens the path to extend the week rally
Failure to hold 1.3325 confirms a deeper pullback toward 1.3300
US ISM Services and FOMC minutes this week could reset the USD-driven read
Consolidation below week high after weekly impulse.
Cable ran from Monday's 1.3212 low to a 1.3385 week high on the soft June NFP (57K vs 110K), an almost entirely USD-driven move, and has since gone flat around 1.3345 into thin holiday trade. RSI(14) has cooled back near 48 as price drifts under the EMA20, with the 1.3385 high and the 1.3410 100-day MA capping the topside. Demand has held the 1.3339–1.3325 shelf so far.
Support: 1.3339, 1.3325, 1.3300
Resistance: 1.33846, 1.3410
What it said to watch
H1 close above 1.3410 (100-day MA) opens the path higher
Failure to hold 1.3325 confirms a deeper pullback toward 1.3300
US ISM Services and FOMC minutes this week could shift the USD-driven read
Cable rallied from Monday's 1.3212 low to a week high at 1.3385 through the Thursday NY session, the move USD-led after the soft 57K NFP print kept the dollar offered. Since then price has stalled and slipped back to a session low near 1.3339, dropping under EMA(20) as RSI unwinds from overbought. A small weekend gap left price consolidating in the mid-1.33s.
Support: 1.3339, 1.3325, 1.3300
Resistance: 1.3385, 1.3410
What it said to watch
ISM Services (14:00 UTC) is the main USD driver and could shift this read
H1 close below 1.3325 pivot confirms a deeper pullback toward 1.3300
Reclaim and close above 1.3385 week high reopens the 1.3410 barrier
Consolidating below week high after impulsive rally.
Cable rallied to a 2-week high near 1.3385 across Thursday's NY session as the soft 57K US NFP print kept the dollar broadly offered — the move was USD-led rather than fresh UK strength. Price has since consolidated in the 1.3350–1.3360 band and eased back below EMA(20) into the thin holiday tape, with a small weekend gap leaving it hovering around EMA(50) near 1.3341. RSI(14) has cooled off the overbought push and now sits mid-range as the impulse loses steam.
Support: 1.3339, 1.3325, 1.3300
Resistance: 1.3360, 1.3385
What it said to watch
H1 close above 1.3360 reopens the path to week high 1.3385
Failure to hold 1.3325 confirms a deeper pullback toward 1.3300
US ISM Services and Waller today are USD-led risks that could shift this read
Cable rallied off Monday's 1.3236 open to a 1.3384 week high through the London-NY sessions, the leg driven by a broadly offered dollar after Thursday's soft US NFP print. Price has since gone sideways in the 1.3341–1.3366 band, opening the holiday week with a minor gap and RSU(14) unwinding from overbought as the 1.3384 top caps. It sits back at EMA(20) with EMA(50) still below, marking the pause rather than a reversal so far.
Support: 1.3341, 1.3325, 1.3300
Resistance: 1.3384, 1.3410
What it said to watch
H1 close above 1.3384 opens the path to the 1.3410 barrier
Failure to hold 1.3341 exposes the 1.3325 pivot then 1.3300 support
US ISM Services and Fed's Waller today, plus BoE Mann, could shift this USD-led read
Cable rallied off Monday's 1.3215 low through the NFP-driven soft-USD wave, peaking at the 1.3385 week high before flattening into a tight consolidation near 1.3350 across the holiday-thinned NY-Asia sessions. RSI(14) has cooled back to the mid-50s as the impulse loses steam, with price hugging EMA(20) and the move USD-led rather than fresh Sterling strength. The 1.3340 range floor and 1.3385 week high frame the current balance.
Support: 1.3340, 1.3325, 1.3300
Resistance: 1.3385, 1.3410
What it said to watch
H1 close above 1.3385 reopens the path to the 1.3410 barrier
Loss of 1.3340 exposes the 1.3325 pivot then 1.3300
ISM Services (14:00 UTC) and FOMC minutes could shift the USD leg driving this read
Cable ran to a 2-week high at 1.3385 midweek on the soft-NFP USD sell-off, then unwound into thin holiday trade and is now consolidating around 1.3350 after a small weekend gap. RSI(14) sits mid-range near 46 with price hovering just under the H1 EMA20/50 cluster, and the week high has capped every attempt above 1.3380. Moves stay USD-led with no fresh UK catalyst.
Support: 1.3341, 1.3325, 1.3300
Resistance: 1.3385, 1.3410
What it said to watch
H1 close above 1.3385 reopens the 1.3410 barrier
Failure to hold 1.3341 exposes 1.3325 pivot then 1.3300
ISM Services and FOMC minutes are USD-led risk that could shift this read
Consolidating below this-week's high after impulse.
Cable rode the soft-USD wave post-NFP, impulsing off 1.3219 to a 2-week high at 1.3385 before rolling into a shallow, sideways drift through the US holiday. Price now sits just under EMA(20) but holds above EMA(50), with RSI(14) cooling back to mid-range as the overbought stretch unwinds. The week reopened near 1.3341, keeping the 1.3325 pivot in focus as the first floor beneath current price.
Support: 1.3325, 1.3300, 1.3265
Resistance: 1.3385, 1.3410
What it said to watch
H1 close above 1.3385 reopens the path to the 1.3410 barrier
Failure to hold 1.3325 exposes 1.3300 then strong support at 1.3265
ISM Services and FOMC minutes this week are the USD-led driver for this move