21:01 UTC
Downtrend, momentum accelerating · RSI 31 · price 1.33362
Broke below two-week range, lower low printed.
Cable rolled out the bottom of the 1.3420-1.3483 band that contained it for two weeks, with the latest impulse lower driven by Friday's blowout US NFP (172K vs 85K) reviving the dollar. ATR(14) expanded sharply on the breakdown as price snapped to a fresh window low at 1.333, holding below both EMA20 and EMA50. The prior range floor near 1.3455 now caps as resistance after the move flipped it.
Support: 1.3305, 1.3300
Resistance: 1.3455, 1.3483
What it said to watch
- H4 close back above 1.3455 would neutralise the breakdown read
- Failure to hold 1.3300 confirms a lower low and opens 1.3010/1.2945
- US CPI Jun 10 is the next dominant driver and could reshape this read