GBP/USD AI Live Scan, 1-hour chart, Monday, 8 June 2026
Every read JAFX AI made on the GBP/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:01 UTC
Downtrend, consolidating after selloff · RSI 47 · price 1.33397
Lower-high sequence, basing in low-1.33s.
Cable crashed from ~1.3483 into the low-1.33s through Friday's NFP-driven USD surge, then gapped lower into the new week and has been basing between 1.3300 and 1.3369 since. Price is hugging EMA20 but capped below EMA50, with RSI(14) cycling mid-range as the consolidation holds. The 1.3300 pivot has absorbed the dip, while 1.3349/1.3369 has rejected recovery attempts.
Support: 1.3306, 1.3300, 1.3240
Resistance: 1.3349, 1.3369, 1.3390
What it said to watch
Sustained break below 1.3300 opens 1.3240
H1 close above 1.3369/1.3390 invalidates the consolidation read
Consolidation above range floor after impulsive drop.
Cable was hammered from the mid-1.347s into the low-1.33s on Friday's NFP-driven USD surge (172K vs 85K), and has since gone flat, consolidating in a tight band around 1.334. The 1.3306 swing low and 1.3300 psych floor have held the downside, while recovery attempts stalled at the 1.3370 prior high; RSI(14) is cycling near the midline with price pinned to EMA(20) but still capped below EMA(50).
Support: 1.3306, 1.3300
Resistance: 1.3370, 1.3410
What it said to watch
H1 close below 1.3300 confirms a lower-low and opens 1.3240
Close above 1.3410 resistance invalidates the consolidation-lower read
US CPI Wed and UK GDP Fri could materially reset this range
22:01 UTC
Downtrend this week, now ranging · RSI 49 · price 1.33397
Consolidation above 1.3300 after Friday's drop.
Cable broke down hard Friday after the blowout US NFP print, sliding from ~1.3483 into the low 1.33s, then opened the new week with a weekend gap lower near 1.3320. Since Monday's open it has carved a range, with a rebound to 1.33693 (close to the 38.2% retrace of the week's drop) fading back to 1.334; RSI(14) has cycled around 50 and price sits just above a flattening EMA(20) while EMA(50) caps overhead. The 1.3300 area continues to attract defence on each dip.
Support: 1.3300, 1.33058, 1.33163
Resistance: 1.33693, 1.3390
What it said to watch
Sustained H1 close below 1.3300 opens 1.3240
Reclaim of 1.3390/1.3410 needed to neutralise the lower-highs
Cable sold off hard into Friday's NY session as a blowout US NFP print broke 1.3400 and dragged price toward the low 1.33s, with a weekend gap lower compounding the move. Since Monday's open price has consolidated in a tight 1.3300–1.3360 band, holding the EMA(20) while RSI(14) cycles around the 48 midline. The 1.33693 week high has capped attempts, and 1.3300 remains the line in the sand below.
Support: 1.3300, 1.33058, 1.3324
Resistance: 1.3360, 1.33693, 1.3390
What it said to watch
Sustained close below 1.3300 confirms a lower-low and opens 1.3240
Reclaim of 1.3390 would revive the prior cap and squeeze higher
US CPI Wed 12:30 UTC and UK GDP Fri 06:00 UTC are the week's key catalysts that could break this range
Cable broke below 1.3400 after Friday's blowout US NFP and gapped lower into the week open near 1.3320. Price has since carved a recovery off the 1.3306 swing low into the mid-1.3300s but stalled, with RSI(14) cycling near 50 and price tracking the EMA20 while held under the 1.3390/1.3410 resistance band. The recovery high at 1.3369 has capped the bounce.
Support: 1.33058, 1.3300, 1.3240
Resistance: 1.33693, 1.3390, 1.3410
What it said to watch
Sustained close below 1.3300 psych pivot opens 1.3240
Reclaim of 1.3390/1.3410 resist would negate the capped read
UK GDP Fri 06:00 UTC could materially shift this read
21:02 UTC
Downtrend, momentum stalling near support · RSI 44 · price 1.33378
Lower highs post-NFP, now ranging above 1.3300.
Cable sits below both EMAs after Friday's blowout US NFP triggered a sharp leg lower from 1.3483 to the 1.3306 swing low. This week reopened with a small gap down, bounced to a 1.3369 week high, then faded back toward 1.3340 as price probes the 1.3300 psych pivot again. RSI(14) is cycling in the low-40s, reflecting stalled momentum rather than a fresh impulse.
Support: 1.3306, 1.3300, 1.3240
Resistance: 1.3369, 1.3390
What it said to watch
Sustained close below 1.3300 opens the path to 1.3240
Reclaim of 1.3390 uob cap would revive a relief squeeze
UK GDP Fri Jun 12 06:00 UTC is the next directional catalyst for this read
Based above 1.3300 after NFP break, higher lows forming.
Cable sold off hard into Friday's NY session after the blowout US NFP, breaking below 1.3400 and bottoming at the 1.33058 swing low. Since Monday's open price has based above the 1.3300 psych pivot, carving higher lows back to mid-1.3340s, but rallies keep stalling below the 1.33693 week high and the EMA50 stays overhead. RSI(14) has recovered to the mid-40s without reclaiming momentum, leaving the broader weekly downtrend intact.
Support: 1.33058, 1.3300, 1.3240
Resistance: 1.33693, 1.3390, 1.3410
What it said to watch
H1 close below 1.3300 confirms a lower-low and opens the 1.3240 downside tgt
Reclaim of the 1.3390/1.3410 uob cap needed to revive the recovery
US CPI Wed could materially shift this read given crowded USD longs
Cable was knocked through 1.3400 by Friday's blowout US NFP, bottoming at 1.3306 before stabilising. Since Monday's open price has consolidated in a 1.3306–1.3369 band, with RSI(14) cycling around the mid-line and price hugging EMA20 below a falling EMA50. The 1.3300 pivot is holding but every bounce has been capped under 1.3390.
Support: 1.3306, 1.3300, 1.3240
Resistance: 1.3369, 1.3390
What it said to watch
Sustained close below 1.3300 confirms a lower-low and opens 1.3240
Reclaim above 1.3390 negates the lower-highs sequence
UK GDP Fri 06:00 UTC could materially shift this read
Cable broke through 1.3400 on Friday's blowout US NFP and has since based above the 1.3300 pivot, carving a tight 1.3306–1.3369 range into the new week. RSI(14) has recovered to mid-range and price sits right on the EMA(20), but the EMA(50) overhead still caps the rebound. The weekend gap lower left price defending the low-1.33s with the post-NFP drop still the dominant move.
Support: 1.3300, 1.3306
Resistance: 1.3369, 1.3390
What it said to watch
Sustained H1 close below 1.3300 confirms a lower-low and opens 1.3240
Reclaim of 1.3390/1.3410 needed to unwind the post-NFP breakdown
UK GDP Fri 06:00 UTC could materially shift this read
Cable sold off hard Friday after the blowout US NFP print, breaking below 1.3400 and gapping lower into this week's open. Price carved a base at 1.33058 and bounced to a 1.33693 session high before fading back to mid-1.333s. The 1.3300 psych pivot has held, with RSI(14) recovering to neutral as the downtrend momentum cools.
Support: 1.3300, 1.33058, 1.3240
Resistance: 1.33693, 1.3390, 1.3410
What it said to watch
Hourly close below 1.3300 opens 1.3240 then the lower range
Reclaim of 1.33693 session high needed to challenge 1.3390/1.3410 resistance
US CPI Wed and UK GDP Fri could materially shift this read
GBPUSD sold off through last week after Friday's blowout US NFP, breaking below 1.3400 and printing a week low at 1.33058 following the weekend gap. Price has since stabilised above the 1.3300 psych pivot, recovering to a week high at 1.33693 before easing back to the mid-1.3340s with RSI(14) cycling around 50. Trading back above EMA(20) but still capped below EMA(50).
Support: 1.3300, 1.33058
Resistance: 1.33693, 1.3390
What it said to watch
H1 close below 1.3300 opens the path toward 1.3240
Reclaim of 1.33693 then the 1.3390 uob cap needed to neutralise the weekly downtrend
US CPI Wed 12:30 UTC could materially shift this read
18:01 UTC
Downtrend, bounce off lows · RSI 53 · price 1.33458
Lower highs since Wed peak, recovery off 1.3306 low.
Cable fell hard mid-week as Friday's blowout US NFP and Middle East safe-haven flows drove a USD repricing, breaking GBPUSD below 1.3400 toward the low 1.33s. Price swept the 1.3300 area into a 1.33058 swing low before recovering to a 1.33693 week high and settling around 1.3345, holding just above EMA20 but capped below EMA50. RSI(14) has cycled back to mid-range as the slide stalls into consolidation.
Support: 1.3300, 1.33058, 1.3240
Resistance: 1.33693, 1.3390
What it said to watch
Sustained H1 close below 1.3300 reopens the 1.3240 downside tgt
Reclaim of the 1.3390 supply zone would challenge the lower-high sequence
US CPI Wed 12:30 UTC is the week's pivot and could materially shift this read
17:01 UTC
Downtrend, attempting to stabilise · RSI 51 · price 1.33444
Lower-highs into a base above 1.3300.
Cable slid to a three-week low this week as Friday's blowout US NFP (172K vs 85K) revived Fed-hike pricing and broke price under 1.3400. The pair gapped lower into Monday's open then found demand at 1.3306, and is now consolidating around 1.3344 — back above EMA(20) but capped below EMA(50). RSI(14) has recovered to mid-range as the post-NFP slide pauses.
Support: 1.33058, 1.3300
Resistance: 1.33693, 1.3390
What it said to watch
Sustained break of 1.3300 key floor opens the path toward 1.3240
Reclaim of the 1.3390 resistance zone would invalidate the lower-high read
UK GDP Fri 06:00 UTC could materially shift this read
17:01 UTC
Downtrend, basing after selloff · RSI 50 · price 1.33444
Three-week low, range building post-gap.
Cable broke under 1.3400 on Friday's blowout US NFP, sliding to a three-week low near 1.3306. Price opened lower after the weekend gap and has been basing in a 1.3306-1.3369 range, with RSI(14) recovering back to mid-range and price reclaiming EMA(20) but still capped below EMA(50). The 1.3369 session high and the 1.3390/1.3410 zone are the levels capping rebounds.
Support: 1.33058, 1.3300
Resistance: 1.33693, 1.3390, 1.3410
What it said to watch
Sustained break below 1.3300 opens the path toward 1.3240
H1 close above 1.3369 then 1.3390 would challenge the downtrend read
US CPI Wed 12:30 UTC and UK GDP Fri 06:00 UTC could materially shift this read
GBPUSD broke under 1.3400 after Friday's blowout US NFP, carving a three-week low near 1.3306 and confirming the week's lower-high, lower-low sequence. A weekend gap lower was quickly recovered, with price clawing back toward 1.3370 before stalling below the 1.3390 supply zone; RSI(14) has cycled back near 50. Price sits just above EMA(20) but remains capped below EMA(50).
Support: 1.3330, 1.33058
Resistance: 1.33693, 1.3390
What it said to watch
H1 close above 1.33693 then 1.3390 supply zone needed to extend the recovery
Failure to hold 1.3300 key floor opens 1.3240
UK GDP Friday could materially shift this read
16:01 UTC
Downtrend, consolidating near lows · RSI 49 · price 1.33452
Lower highs, holding above 1.3300 floor.
Cable broke under 1.3400 after Friday's blowout US NFP doubled forecasts, sliding to a three-week low at 1.3306 before a weekend gap-down extended the pressure. Price has since consolidated just above the 1.3300 floor with RSI(14) cycling near 50; the 1.3369 bounce high capped the latest NY-session recovery and price now sits back on EMA20, still below EMA50. The 1.3390/1.3410 zone remains the cap on rebounds.
Support: 1.33058, 1.3300
Resistance: 1.3369, 1.3390, 1.3410
What it said to watch
Sustained break of 1.3300 floor opens 1.3240
H1 close above 1.3410 invalidates the lower-highs read
US CPI Wed 12:30 UTC and UK GDP Fri 06:00 UTC could materially shift this read
15:01 UTC
Downtrend, consolidating near lows · RSI 49 · price 1.33434
Lower highs since NFP, basing above 1.3300.
Cable has been in a downtrend since Friday's blowout US NFP dragged it under 1.3400, with a weekend gap lower compounding the slide. Price is now consolidating near three-week lows around 1.3340; the week low at 1.33058 holds just above the 1.3300 psychological floor while the 1.33693 bounce high capped the latest recovery. RSI(14) sits near 50 as the post-gap base forms below a falling EMA(50).
Support: 1.33058, 1.3300
Resistance: 1.33693, 1.3390
What it said to watch
Sustained break below 1.3300 opens the path toward 1.3240
Close back above the 1.3390/1.3410 zone negates the lower-high structure
US CPI Wed 12:30 UTC could materially shift this read
15:01 UTC
Downtrend, attempting to stabilise · RSI 52 · price 1.33434
Lower highs since week open, basing above 1.3300.
Cable broke under 1.3400 on Friday's blowout US NFP, sliding to a week low at 1.33058 before a modest recovery into the NY session lifted price back to the EMA20 around 1.3340. Structure remains a clear downtrend off the week's high near 1.3483, but the 1.3300 floor has held and buyers stepped in twice at the lows. EMA50 still caps overhead with the 1.3390/1.3410 zone untested since the break.
Support: 1.3300, 1.33058
Resistance: 1.33693, 1.3390, 1.3410
What it said to watch
Sustained H1 close below 1.3300 confirms a lower low, opening 1.3240
Reclaim of 1.3390/1.3410 would neutralise the breakout read
US CPI Wed 12:30 UTC and UK GDP Fri 06:00 UTC could materially reset this read
14:01 UTC
Downtrend, bounce off lows · RSI 54 · price 1.33504
Lower highs/lows, recovering off week low.
Cable broke down on Friday's blowout US NFP, slicing from 1.3483 to a three-week low at 1.33058, with a small weekend gap lower compounding the slide. Price has since recovered back above EMA(20) with RSI(14) lifting off the lows, but the late push stalled at 1.33693 and faded. Sterling still trades below EMA(50) with the 1.3300 floor the pivotal level into Friday's UK GDP.
Support: 1.33058, 1.3300
Resistance: 1.33693, 1.3390
What it said to watch
Failure to hold 1.3300 opens a deeper slide toward 1.3240
A close above 1.33693 puts the 1.3390 rebound cap back in play
UK GDP Fri 06:00 UTC and US CPI Wed 12:30 UTC could materially shift this read
14:01 UTC
Downtrend, bouncing off lows · RSI 54 · price 1.33538
Lower highs and lower lows, corrective bounce in progress.
Cable broke under 1.3400 on Friday's blowout US NFP and slid to a three-week low, with a weekend gap lower extending the move toward 1.3306. Price has since recovered off the 1.33058 swing low to retest 1.3360 with RSI(14) lifting back through 50 and price reclaiming EMA(20), though it remains capped below EMA(50). The week's structure is still a sequence of lower highs into the 1.3390 resistance zone.
Reclaim of 1.3390 resistance needed to ease the lower-high sequence
US CPI Wed 12:30 UTC could materially shift this read
13:01 UTC
Downtrend, attempting to stabilise · RSI 56 · price 1.33503
Lower highs, basing above 1.3300.
Cable broke under 1.3400 on Friday's post-NFP USD surge and gapped lower into Monday's open, printing a three-week low at the 1.33058 swing low. Price has based above the 1.3300 key floor and pushed back through EMA20 into the NY session today, with RSI(14) recovering off oversold toward 56. The 1.33693 session high capped the latest leg, with the 1.3390 resistance zone still defining the lower-high structure.
Support: 1.3300, 1.33058
Resistance: 1.33693, 1.3390
What it said to watch
Sustained close below 1.3300 key floor opens 1.3240
Reclaim above 1.3390 resistance needed to break the lower-high sequence
US CPI Wed could materially shift this read
13:01 UTC
Downtrend, recovery off lows · RSI 53 · price 1.33534
Three-week low printed, bouncing into NY.
Sterling slumped after Friday's blowout US NFP, gapping lower into Monday's open and printing a three-week low at 1.33058. Price has since recovered through EMA20 into the NY session, lifting RSI(14) back toward 50, but it remains capped below EMA50. The 1.3300 floor held on the dip and the 1.33693 session high is now the immediate ceiling on the bounce.
Support: 1.3330, 1.33058
Resistance: 1.33693, 1.34043
What it said to watch
H1 close above the 1.3390/1.34043 zone would challenge the downtrend
Sustained break below 1.3300 floor opens 1.3240
US CPI Wed 12:30 GMT could materially shift this read
Cable broke sharply lower after Friday's blowout US payrolls, slicing from the mid-1.3400s to a 1.3306 swing low and pinning the 1.3300 psych floor. Price has since gone sideways around EMA(20) near 1.3340, with RSI(14) recovering off oversold but still capped below 50. Each push toward the 1.3390/1.3410 resistance band has faded, leaving a lower-high structure intact below EMA(50).
Support: 1.3306, 1.3300
Resistance: 1.3349, 1.3390, 1.3410
What it said to watch
Sustained close below 1.3300 confirms a fresh lower-low and opens 1.3240
Reclaim of the 1.3390/1.3410 band would neutralise the lower-high sequence
US CPI Wed 12:30 UTC could materially shift this read
11:01 UTC
Downtrend, attempting to base · RSI 52 · price 1.33429
Lower highs, basing above 1.3300.
Cable trended lower all week, with Friday's blowout US NFP firing the dollar and driving the dominant leg down from 1.3483 toward the pivotal 1.3300 floor. Price has since based between 1.3300 and 1.3350 after a small weekend gap down, now holding just above EMA20 with RSI(14) recovering toward neutral. The 1.3300 psych floor absorbed the latest dip near 1.3306, while EMA50 still caps overhead.
Support: 1.3300, 1.3306, 1.3240
Resistance: 1.3350, 1.3390, 1.3410
What it said to watch
H1 close below 1.3300 confirms a lower low and opens 1.3240
Reclaim of 1.3350 prior high needed to challenge the 1.3390 res band
US CPI Jun 10 12:30 GMT could materially shift this read
10:01 UTC
Downtrend, consolidating at lows · RSI 43 · price 1.33226
Lower highs/lows, basing below 1.3350.
Cable broke sharply lower into Friday's NY session after the blowout US NFP, slicing from 1.3483 to a three-week low near 1.3316 and trading well below EMA(20) and EMA(50) all week. Since the weekend gap lower it has consolidated in a tight 1.3316–1.3350 band with RSI(14) subdued around 43, reflecting the firmer dollar narrative. Supply has capped each push back toward 1.3349 while demand has held the 1.3316 floor.
Support: 1.33163, 1.3300
Resistance: 1.3349, 1.3405, 1.3483
What it said to watch
H1 close below 1.3300 confirms a lower-low and opens 1.2945/1.3010
Reclaim of 1.3349 then 1.3405 would ease the downside structure
US CPI Wed 12:30 UTC and UK GDP Fri 06:00 UTC could materially shift this read
Sterling has been in a clear H1 downtrend since Friday's NFP blowout (172K vs 85K f/c) drove a sharp leg from 1.3483 down through 1.3400, then gapped lower over the weekend to print a three-week low at 1.3316. Price is now basing in the mid-1.3300s below EMA20/EMA50, with RSI recovering off oversold as the bounce stays shallow under 1.3350. The 1.3300 weekly pivot remains the magnet beneath the market.
Support: 1.33163, 1.3300
Resistance: 1.3350, 1.3400, 1.3390
What it said to watch
H1 close below 1.3316 confirms a lower-low toward the 1.3300 pivot
Reclaim of 1.3350 needed to break the lower-high sequence
GBPUSD remains in a clear H1 downtrend after Friday's blowout US NFP (172K vs 85K) drove the collapse from 1.3483 through 1.3400, and price gapped lower into Monday's open. The bounce off the 1.3317 three-week low has been shallow and corrective, with 1.33489 capping the session and price holding below EMA20 and EMA50. RSI(14) sits in the low-40s, consistent with the prevailing bearish structure rather than an exhaustion signal.
Support: 1.33174, 1.3300
Resistance: 1.33489, 1.34043
What it said to watch
Loss of the 1.3300 weekly pivot confirms a fresh lower-low and opens the 1.2945/1.3010 zone
An H1 close back above 1.33489 would soften the corrective read
US CPI Wed 12:30 UTC and UK GDP Fri 06:00 UTC could materially shift this read
Cable broke below 1.3400 on Friday's blowout US NFP, a USD-led leg that dragged price from 1.3483 to sub-1.3340. Monday opened with a weekend gap lower and has consolidated in a tight 1.3316–1.3349 range below EMA20, with RSI(14) basing in the low-40s. The 1.3390 prior support now caps as resistance overhead.
Support: 1.33163, 1.3300
Resistance: 1.33489, 1.3360, 1.3390
What it said to watch
Weekly close below 1.3300 psych opens a deeper leg lower
Reclaim of 1.3390 prior support needed to neutralize the downside momentum
UK GDP (12 Jun) is the next major catalyst for this read
06:01 UTC
Downtrend, stabilising · RSI 43 · price 1.33421
Lower highs into post-NFP base.
Friday's NFP beat drove the dominant move of the week — a slide from 1.3483 to the 1.3330 area that snapped the prior grind higher. The weekend gap down to a 1.33174 week low has since been recovered, with Monday's session boxed into a tight 1.3317–1.3349 band beneath a declining EMA20 near 1.3355. Price holds below both EMA20 and EMA50, with RSI(14) basing in the mid-40s.
Support: 1.3330, 1.33174
Resistance: 1.33489, 1.3355
What it said to watch
H1 close above 1.33489 then EMA20 at 1.3355 would neutralise the downtrend read
Break below 1.33174 week low confirms a fresh lower-low
US CPI Wed 12:30 UTC could materially shift this USD-led move
05:01 UTC
Downtrend, stabilising · RSI 43 · price 1.33407
Lower highs, consolidating above week low.
Cable broke down through 1.3400 in Friday's NY session after the blowout US NFP print doubled forecasts, sliding from 1.3483 to a 1.3316 week low. Price has since consolidated in a tight 1.3316–1.3349 band on the new-week open, holding below EMA20 and EMA50 with RSI(14) basing near 43. The 1.3390/1.3405 supply zone now caps any rebound while 1.34043 marks the breakdown point.
Support: 1.33163, 1.3300
Resistance: 1.33489, 1.3390, 1.34043
What it said to watch
H1 close back above 1.33900 would neutralise the breakdown read
Failure to hold 1.33163 opens the 1.3300 round number
US CPI Wed Jun 10 could materially shift the USD-driven tape
04:01 UTC
Downtrend, stalling at lows · RSI 44 · price 1.33396
Lower highs and lower lows, basing near week low.
Cable broke down through 1.3400 into Friday's NY session after US NFP doubled forecasts, the dominant move of the week, sliding from 1.3483 to the 1.3317 weekly low. Price opened with a small weekend gap lower to 1.3322 then recovered toward 1.3350, where supply capped the bounce, leaving spot pinned below the H1 EMA20 around 1.3360. RSI(14) has lifted off oversold but remains sub-50, consistent with a stalling rather than reversing decline.
Support: 1.3317, 1.3300
Resistance: 1.3360, 1.3405
What it said to watch
Reclaim of 1.3405 would neutralise the break-down read
Loss of 1.3300 confirms continuation toward lower targets
UK GDP Fri 06:00 GMT (f/c -0.1%) could materially shift this read
03:01 UTC
Downtrend, bounce off lows · RSI 44 · price 1.33374
Lower highs, lower lows; weekend gap down.
Cable broke down hard Friday, sliding from the 1.3483 high to sub-1.3340 after the blowout US NFP revived a December Fed hike bid; the move tore through prior support at 1.3405. Price gapped lower into this week's open near 1.3322 then clawed back to test 1.3350 before settling around EMA(20). RSI(14) has lifted off oversold into the mid-40s as the bounce develops, but the broader structure of lower highs since Thursday's peak stays intact.
Support: 1.33163, 1.3300
Resistance: 1.3350, 1.3405
What it said to watch
H1 close back above 1.3405 needed to neutralise the breakdown
Failure to hold 1.3316 session low confirms continuation lower toward 1.3300
UK GDP Fri 06:00 GMT (f/c -0.1%) could materially shift this read
Cable broke down sharply below 1.3400 into Friday's close after US NFP doubled forecasts and fired a broad Dollar rally, printing a week low at 1.3317. Price gapped lower into the new week and has since clawed back to 1.3350, but trades well below both EMA(20) and EMA(50) with the breakdown shelf at 1.3405 now capping. The 1.3470 weekly cap held all week and stays the upper boundary of the broader decline.
Support: 1.33174, 1.3300
Resistance: 1.3405, 1.3470
What it said to watch
H1 close back above 1.3405 needed to repair the breakdown structure
Cable broke below 1.3400 on Friday's NFP double-beat and gapped lower into this week's open, extending a clean downtrend off the 1.3483 high. Price trades below EMA(20) and EMA(50) with RSI(14) lifting off oversold as buyers stepped in around 1.3316, the weekly low. The 1.3390/1.3405 shelf that previously held is now overhead supply.
Support: 1.33163, 1.3300
Resistance: 1.3390, 1.3405
What it said to watch
H1 close back above 1.3405 would ease the bearish structure
Loss of 1.3316 opens the 1.3300 psych level
BRC retail sales tonight 23:01 GMT could move the early-week read
UK GDP Fri Jun 12 is the dominant risk into the weekly close
00:01 UTC
Downtrend, stalling near lows · RSI 38 · price 1.33246
Lower highs, lower lows; broke 1.3420 support.
Cable broke down hard out of Friday's 1.3470 ceiling after the blowout US NFP print (172K vs 85K) revived Fed-hike odds, slicing through 1.3420 and the 1.3390 prior support into the 1.333 zone. A weekend gap lower into the new session re-opened near 1.3321 and price has since stalled around 1.3320 with RSI(14) basing in the high-30s. EMA(20) and EMA(50) both sit well above price, framing the broader bearish tilt.
Support: 1.33163, 1.3300
Resistance: 1.3390, 1.3405, 1.3470
What it said to watch
H1 close back above 1.3390 would begin to neutralise the breakdown; 1.3470 caps the week
Failure to hold 1.3300 opens the path toward the 1.2945/1.3010 area flagged below
US CPI on Jun 10 is the next major catalyst for this pair