GBP/USD AI Live Scan, 1-hour chart, Wednesday, 8 July 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
Uptrend, momentum stalling at range top · RSI 57 · price 1.33912
Higher lows into capped 1.3400/1.3410.
Cable ground higher from Tuesday's 1.3322 low into the 1.3400/1.3410 pivot, where the 200-day EMA overhead has capped two attempts this week and printed a marginal higher high at 1.34102 before fading. Price holds above EMA(20) with RSI(14) cycling in the high-50s, but the stall at the range top plus a revived safe-haven USD bid on Iran/Hormuz headlines has trimmed the advance back toward 1.339.
Support: 1.3382, 1.3337, 1.3315
Resistance: 1.3410, 1.34102
What it said to watch
H1 close above 1.3410 opens the path to 1.3445 and the 1.3420-1.3520 zone
Sustained move below 1.3315 confirms the latest advance has ended
US Initial Jobless Claims (Thu 12:30 UTC) and Williams speech could shift the USD read
Cable ground higher from the 1.3322 week low into the 1.3410 pivot, where the nine-session rally stalled and rejected — the 200-day EMA area flagged in the macro read. Price now sits ~1.3391, holding above EMA20 with RSI cooling off overbought after the push. The dominant leg came in yesterday's NY session on the safe-haven USD wobble, but 1.3400/1.3410 has capped the top twice this week.
Support: 1.3379, 1.3355, 1.3322
Resistance: 1.3410, 1.3345
What it said to watch
H1 close and hold above 1.3410 reopens the 1.3445 resistance
Failure to hold 1.3379 swing low shifts the read toward the 1.3355 EMA20
Close below 1.3315 week low negates the positive GBP structure
US jobless claims Thu 12:30 UTC could shift USD-side risk
22:01 UTC
Uptrend, momentum cooling near range top · RSI 57 · price 1.3390
Higher lows off the week low, capped at 1.3400/1.3410.
Cable rallied off the 1.3320 week low into the NY session, pushing to a fresh week high at 1.34102 before stalling at the 1.3400 psych handle — the same zone that has capped attempts all week. Price now consolidates near 1.339, holding above EMA20 with RSI(14) mid-range around 57. The advance has been a USD-risk story; the geopolitical safe-haven bid and yesterday's FOMC minutes kept 1.3400 in play as the decisive cap.
Support: 1.3375, 1.3320, 1.3300
Resistance: 1.3410, 1.3400
What it said to watch
H1 close above 1.3410 reopens 1.3445 and extends the week's uptrend
Failure to hold 1.3320 week low points toward the 1.3300 psych level and a deeper correction
US Jobless Claims Thu 12:30 UTC and Williams speech could shift the USD-driven read
Higher lows into resistance, capped near weekly high.
Cable rallied through the NY session Wednesday, reclaiming the 1.3400 handle and printing a weekly high at 1.3410 before stalling — the geopolitical USD safe-haven bid capped the advance. Price is now consolidating near 1.339, holding above EMA(20) with RSI(14) cycling in the mid-50s. The 1.3400/1.3410 band has repeatedly capped, while higher lows off Wednesday's 1.3322 base remain intact.
Support: 1.3385, 1.3372, 1.3322
Resistance: 1.3400, 1.3410
What it said to watch
H1 close above 1.3410 reopens the 1.3445 resistance zone
Failure to hold 1.3385/1.3372 exposes the 1.3322 swing low
US jobless claims Thu 12:30 UTC could shift the USD-driven read
Cable ground higher from Monday's ~1.3341 open and pushed into the NY session to 1.3410, but the 1.3400 handle has capped two attempts and the latest bar rejected off 1.3404 back to 1.3388. The stall lines up with the renewed safe-haven USD bid on Iran/Hormuz risk-off that snapped the nine-day rally. Price sits above EMA20 and EMA50 with RSI(14) cycling in the mid-50s on pullbacks.
Support: 1.3360, 1.3322
Resistance: 1.3400, 1.34102
What it said to watch
Hourly close above 1.3410 opens the 1.3420-1.3445 layered resistance
Loss of 1.3360 swing low exposes the 1.3322 week low
US jobless claims Thu 12:30 UTC and Iran headlines could reset the risk-driven read
21:02 UTC
Uptrend, stalling at weekly high · RSI 61 · price 1.33879
Higher lows into 1.3410 rejection.
Cable resumed its rally through the NY session, reclaiming the 1.3400 handle and tagging a fresh weekly high at 1.34102 before rejecting back to 1.33879 as risk-off USD demand and the FOMC minutes capped the push. Price holds above EMA(20) and EMA(50) with RSI cycling in the high-50s to low-60s, but the 1.3410 area has now capped the advance twice this week. The move up from Tuesday's 1.3322 low remains the dominant impulse.
Support: 1.33566, 1.33355, 1.3322
Resistance: 1.34102, 1.3445
What it said to watch
H1 close above 1.34102 (weekly high) opens the 1.3445 zone
Failure to hold 1.33566 swing low re-exposes the 1.3322 week low
BoE Breeden speech Thu 09:30 GMT and US jobless claims Thu 12:30 UTC could shift the read
20:01 UTC
Uptrend, testing weekly cap · RSI 66 · price 1.34012
Recovery off Tuesday dip, back at 1.3400 handle.
Cable dumped to 1.3322 on Tuesday's risk-off around the US-Iran escalation, then carved a double bottom and impulsed back through EMA20 to retest the 1.3400 handle into the FOMC minutes. Price sits just under the 1.34102 week high with RSI(14) around 66, and pullbacks this session have been holding the rising higher-lows line.
Support: 1.3365, 1.3355, 1.3315
Resistance: 1.34102, 1.3445
What it said to watch
H1 close above 1.34102 week high opens the 1.3445 layered resistance
Failure to hold EMA20 near 1.3365 and 1.3355 swing low reopens 1.3315 support
FOMC minutes / risk headlines could shift this read in the next bars
Cable based twice near 1.3322 early in the week before a firm NY-session drive Wednesday reclaimed the 1.3400 handle, printing a fresh week high at 1.34102. Price sits above both EMAs with RSI(14) elevated near 68 into the FOMC minutes, having cleared the prior 1.3397 rejection. The 1.3400 round number now flips to first support while the week high caps.
Support: 1.3400, 1.3355, 1.3322
Resistance: 1.34102, 1.3450
What it said to watch
H1 close above 1.34102 opens the 1.3420-1.3450 layered resistance zone
Failure to hold the 1.3400 handle exposes the 1.3355 ema20 and 1.3322 swing low
US CPI next week and Thu jobless claims could reset the risk-driven bid
19:02 UTC
Uptrend, retesting week high · RSI 64 · price 1.34024
Higher lows recovering into 1.3400 resistance.
Cable dipped to a 1.3320 swing low mid-week on the Iran/Hormuz risk-off Dollar bid, then rounded higher through the NY session to retest the 1.3410 week high. Price is holding above EMA20 and EMA50 with RSI(14) cycling in the low-60s, and the 1.3400 handle is capping this attempt as it did earlier in the week, coinciding with today's FOMC minutes.
Support: 1.3357, 1.3320, 1.3300
Resistance: 1.3410, 1.3445
What it said to watch
H1 close above 1.3410 opens the 1.3420-1.3445 layered resistance
Failure to hold 1.3357 higher low reopens the 1.3320 swing low
Break below 1.3300 negates the week's recovery
FOMC minutes and DXY risk tone could shift this read next session
Cable based near 1.3322 on Tuesday and ground higher through the NY session into a fresh weekly high at 1.3410, reclaiming the 1.3400 handle with price now trading above EMA20 and EMA50. The move built on a series of higher lows and cleared the week's 1.3330-1.3400 band, but RSI(14) near 70 shows momentum stretched into the FOMC June minutes. The 1.3410 weekly high remains the immediate cap.
Support: 1.3380, 1.3360, 1.3322
Resistance: 1.3410, 1.3445
What it said to watch
H1 close above 1.3410 opens the 1.3445 layered-resistance zone
Failure to hold the 1.3380 breakout retest reopens 1.3360 higher low
FOMC minutes today could shift this read via the Dollar
18:02 UTC
Recovering off the week low, momentum building · RSI 63 · price 1.33976
Higher lows since the 1.3322 dip, capped at 1.3400.
Cable rebuilt from Tuesday's 1.3322 low back to the 1.3400 handle, with the latest push tagging 1.34102 before easing to 1.33976 — a second stall at the same zone that capped the prior run near 1.34015. Price sits above EMA(20) and EMA(50) with RSI(14) in the low-60s, but the 1.3400 rejection keeps supply visible there. Move follows a soft US payroll backdrop; the June FOMC minutes at 18:00 UTC are the immediate driver.
Support: 1.3355, 1.3322, 1.3315
Resistance: 1.3400, 1.34102
What it said to watch
FOMC minutes at 18:00 UTC could materially shift this read
H1 close above 1.34102 clears the week high and negates the double-top read
Failure to hold 1.3355 reopens the 1.3322 week low and 1.3315 pivot
18:02 UTC
Uptrend, testing week high · RSI 65 · price 1.33976
Recovery off 1.3322, pressing 1.3400.
Cable snapped back from the 1.3322 double-bottom low into the NY session and is now pressing the 1.3400 psych handle, with the day's spike to 1.34102 marking the week high. Price sits above both EMA(20) and EMA(50) and RSI(14) has cycled back into the mid-60s on the recovery. The 1.34009-1.34102 zone has capped every attempt this week, and the read is unfolding right on the June FOMC minutes.
Support: 1.3355, 1.33315
Resistance: 1.3400, 1.3410
What it said to watch
FOMC minutes at 18:00 UTC could materially shift this read
Hourly close above 1.3410 opens layered resistance toward 1.3445
Failure to hold 1.3355 swing low exposes the 1.3315 pivot
17:01 UTC
Recovering after 1.3400 rejection · RSI 61 · price 1.33859
Higher lows off 1.3320, retesting week top.
Cable has clawed back toward the 1.3400 area into the NY session after the earlier-week rejection there capped a nine-session run; price is holding above EMA20 with RSI(14) cycling in the mid-50s to low-60s on each push. The recovery leg off the 1.3320 swing low retraces most of the drop from 1.34010, leaving the 200-day EMA cluster at 1.3400/1.3410 as the layered cap. FOMC June minutes at 18:00 GMT — one hour out — are the immediate catalyst for this range.
Support: 1.3357, 1.3322, 1.3315
Resistance: 1.3400, 1.3401
What it said to watch
FOMC June minutes at 18:00 GMT can materially shift this read
Hourly close above 1.3400 reopens the 1.3410+ week high
Loss of 1.3320 swing low negates the higher-low recovery
Consolidation below 1.3400, higher low from 1.3322.
Cable spent the week grinding between 1.3322 and the 1.3400 cap, with the sharp NY-session flush to 1.3322 yesterday reversed by a recovery back above EMA(20) into 1.3386 as the pre-FOMC-minutes USD bid faded. RSI(14) has cycled off oversold back to the low-60s and price holds above both EMAs, but the 1.3400 area (200-day EMA zone) has rejected every attempt this week.
Support: 1.3355, 1.3322
Resistance: 1.3400, 1.3410
What it said to watch
FOMC June minutes at 18:00 UTC could materially shift this read
H1 close above 1.3400 opens the 1.3410-1.3520 layered zone
Failure to hold 1.3322 negates the recovery and confirms a lower low
Rejected at 1.3400, corrective lower highs off the high.
Cable's nine-session run stalled at the 1.3400 handle mid-week and rolled over, printing lower highs into a slide that swept 1.3322 during yesterday's NY session on the safe-haven Dollar bid. Price has since bounced to 1.33775 and flattened around 1.3360, sitting just above EMA(20) but under EMA(50), with RSI(14) back near neutral. The tape is coiled ahead of the FOMC minutes.
Support: 1.3352, 1.3322, 1.3315
Resistance: 1.33775, 1.34015, 1.3400
What it said to watch
FOMC minutes at 18:00 GMT could materially shift this read
Close below 1.3315 negates the recent rally structure
Cable's eight-plus session grind higher stalled at the 1.3400 handle earlier this week and has since corrected, with a high-volume flush into the 1.3322 session low as safe-haven Dollar demand firmed on Hormuz headlines. Price is now consolidating around 1.3360, back above EMA(20) after buyers stepped in twice near 1.3340; RSI(14) has cycled back to neutral. The 1.3400 week high remains the unbroken cap on the recent advance.
Support: 1.33373, 1.3322
Resistance: 1.34009, 1.33775
What it said to watch
FOMC minutes at 18:00 GMT could materially shift this read
H1 close above 1.3400 reopens the path toward 1.3445
Cable's nine-session grind higher stalled at the 1.3400 week high, with two rejections there forming a double top. Price flushed to the 1.3322 swing low mid-week before a sharp NY-session recovery back to 1.3370, keeping it just above EMA20 with RSI(14) cycling around 54. Momentum is fading into the FOMC minutes as a firmer USD caps the advance.
Support: 1.3322, 1.3315
Resistance: 1.3400, 1.3420
What it said to watch
FOMC minutes 18:00 broker time is the dominant near-term catalyst for this read
H1 close above 1.3400 negates the double top and reopens 1.3420
Break below 1.3315 confirms the corrective phase has extended
15:01 UTC
Corrective pullback after rejection at 1.3400 · RSI 55 · price 1.33702
Lower highs off the weekly top, holding above EMA20.
Cable capped its nine-session run at the 1.3400 handle, printing a cluster of highs near 1.34009 before rolling over into a corrective pullback. Price sold off sharply toward 1.3322 during the NFP-driven session and has since recovered to 1.337, holding back above EMA20. The 1.33775 session high is the immediate cap and lower highs off the weekly top define the current pressure.
Support: 1.3322, 1.3352, 1.3315
Resistance: 1.33775, 1.34009
What it said to watch
FOMC June minutes at 18:00 GMT is the dominant near-term catalyst and could reset this read
Failure to hold 1.3322/1.3315 support confirms the correction extending lower
An H1 close back above 1.33775 reopens the 1.3400 handle
14:01 UTC
Range, upside capped · RSI 53 · price 1.3373
Ranging under 1.3400 after failed rally.
Cable's multi-day rally was repeatedly rejected at the 1.3400/1.3410 zone this week, leaving price boxed in a 1.3350-1.3400 range as a safe-haven USD bid resurfaced. The NY session flush to a 1.3322 swing low was recovered within two bars, closing back at 1.3373 and holding above EMA20. RSI(14) has cycled back through 50 with the recovery, but the 1.3400 rejection remains the dominant structural cap.
Support: 1.3322, 1.3315
Resistance: 1.3400, 1.3445
What it said to watch
FOMC minutes at 18:00 GMT could materially shift this read
Hourly close above 1.3400 opens the path toward 1.3445
Failure to hold 1.3315 confirms the advance has ended
14:01 UTC
Rally stalled, two-way · RSI 51 · price 1.3373
Range under 1.3400, holding above EMA20.
Cable's nine-session climb was rejected twice at 1.3400 into Tuesday's NY session, forming a double top before slipping to 1.3322 as safe-haven Dollar demand returned. Price has since bounced back to 1.3373, cycling inside a 1.3315-1.3400 range with RSI(14) mid-band and price hugging EMA20. Momentum has faded ahead of the FOMC minutes.
Support: 1.3322, 1.3315, 1.3352
Resistance: 1.3400, 1.3445
What it said to watch
FOMC minutes at 18:00 UTC (~4h out) is the key USD-side driver for this range
H1 close below 1.3315 confirms the advance has ended
Close above 1.3400 negates the double top and opens 1.3445
13:01 UTC
Uptrend stalling, pulling back · RSI 45 · price 1.33442
Rejection at 1.3400, easing into range.
The nine-session climb to the 1.3400 handle stalled and reversed, with Cable slipping to 1.3322 as a fresh USD haven bid on Iran/Hormuz headlines capped the advance. Price now sits back below EMA(20) around 1.3355, marking time near 1.3344 with RSI mid-range. The 1.3400 handle capped repeated attempts this week and remains the pivot.
Support: 1.3322, 1.3315
Resistance: 1.3355, 1.3400, 1.3445
What it said to watch
FOMC minutes at 18:00 GMT could materially shift this read
H1 close below 1.3315 negates the week's rally structure
Reclaim of 1.3400 handle reopens 1.3445
13:01 UTC
Uptrend stalled, pulling back · RSI 44 · price 1.33442
Rejection at 1.3400, easing to lower highs.
Cable ground higher for most of the week into the 1.3400 handle, but two touches near 1.34010 capped the move and price has since eased back below EMA20. The leg down to 1.3322 came on renewed USD haven demand from Iran/Hormuz headlines; price is now consolidating around 1.3344 with RSI(14) mid-40s. Marking time ahead of the FOMC minutes at 18:00 GMT.
Support: 1.3322, 1.3315
Resistance: 1.3401, 1.3445
What it said to watch
FOMC minutes 18:00 GMT is the near-term driver for this pair
Break below 1.3315 negates the week's advance and confirms a lower low
H1 close back above 1.3400 handle reopens 1.3445
12:01 UTC
Pullback after 1.3400 rejection · RSI 40 · price 1.33354
Lower highs since the 1.3400 wall, breakdown into NY.
Cable stalled twice near 1.3400 and has since rolled over, sliding through the NY session to retest the week's 1.3350-range base. Price sits below EMA(20) and EMA(50) with RSI(14) sub-40 after the sharp drop off 1.33698. The 1.3322 session low is the immediate floor after the 1.3400 rejection.
Support: 1.3322, 1.3315
Resistance: 1.3370, 1.3400
What it said to watch
FOMC minutes at 18:00 GMT could materially shift this read
Close below 1.3315 confirms the week's advance has ended
Reclaim of 1.3370 needed to challenge the 1.3400 wall again
Cable snapped its nine-session grind, twice rejecting the 1.3400 wall before sliding to 1.3335 as safe-haven USD demand firmed. Price now sits below EMA(20) with RSI(14) pressing into the high-30s, and the sharp NY-session drop through 1.3370 confirmed the lower-high sequence. Consolidating just above the 1.3315 pivot into the FOMC minutes.
Support: 1.3322, 1.3315, 1.3300
Resistance: 1.3370, 1.3400, 1.3410
What it said to watch
H1 close below 1.3315 confirms the week's advance has ended
FOMC June minutes at 18:00 GMT is the main near-term driver for this read
Reclaim of 1.3370 EMA20 would neutralise the lower-high sequence
11:01 UTC
Uptrend stalled, rolling over · RSI 43 · price 1.33448
Rejection at 1.3400, back inside range.
Cable's nine-session grind topped out at a double top near 1.3400 mid-week and has since rolled over, sliding through the NY session to a 1.3322 low as safe-haven USD demand firmed on Hormuz tensions. Price now trades back below the EMA20 around 1.3355, having recovered off the lows into 1.3345. The 1.3350-1.3450 range top is intact and 1.3400 has capped two attempts.
Support: 1.3322, 1.3315
Resistance: 1.3355, 1.34015, 1.3450
What it said to watch
FOMC minutes at 18:00 GMT is the primary near-term driver for this read
H1 close below 1.3315 pivot confirms the advance has ended
Reclaim of EMA20 near 1.3355 reopens the 1.3400 double-top area
11:01 UTC
Pullback after rally stalled · RSI 43 · price 1.33448
Rejected 1.3400, sliding into range lows.
Cable stalled at the 1.3400 wall — the week's high near 1.34009 — and has since ground lower into range support near 1.3322, snapping a multi-session grind up as Hormuz-driven USD demand firmed. Price has dropped below EMA20 with RSI(14) in the low 40s after the sharp slide through 1.3360 during yesterday's NY session. The 1.3350-1.3450 range still frames the tape ahead of today's FOMC minutes.
Support: 1.3322, 1.3315
Resistance: 1.3360, 1.3400
What it said to watch
FOMC minutes at 18:00 GMT is the primary near-term driver for this read
H1 close below 1.3315 pivot would confirm the week's advance has ended
Reclaim of EMA20/1.3360 needed to re-approach the 1.3400 range top
This-week rally rejected at 1.3400, lower highs forming.
Sterling's this-week grind from 1.3308 stalled at the 1.3400 handle, printing a double top near 1.34015 before rolling over into the London session today. A sharp break lower dragged Cable to 1.3322 as a Hormuz-driven safe-haven USD bid revived, snapping the nine-session run; price now sits below EMA20 and EMA50 with RSI cooling into the low 40s.
Support: 1.3322, 1.3300
Resistance: 1.3370, 1.34015
What it said to watch
FOMC Minutes at 18:00 GMT is the key USD catalyst and could reset this read
A close back above 1.3370 would negate the pullback
Cable's climb stalled at the 1.3400 handle this week, with repeated rejections there carving a double top before a sharp London-session slide back to 1.3343. Price has slipped below EMA20 and EMA50 with RSI(14) rolling to ~42; the drop paused at the 61.8% retrace of the week's 1.3308–1.3401 impulse. The pullback tracks a Hormuz-driven USD safe-haven bid rather than a UK story.
Support: 1.3322, 1.3300
Resistance: 1.3366, 1.34015
What it said to watch
FOMC Minutes today 18:00 GMT could materially shift this read
H1 close below 1.3322 confirms a lower low
Break above 1.3410 opens 1.3445 and the 1.3520 resistance shelf
Cable's nine-day rally stalled at the 1.3400 handle, which capped two attempts this week and printed a double top before the pullback. The last bar snapped sharply lower to 1.33392 as a safe-haven Dollar bid revived on Hormuz headlines, dropping price back below EMA20 with RSI(14) rolling toward 40. Range floor at the 1.3335 swing low is the immediate reference below.
Support: 1.3335, 1.3308
Resistance: 1.3355, 1.3400, 1.3420
What it said to watch
FOMC Minutes at 18:00 GMT is the dominant near-term driver for this pair
H1 close below 1.3308 week low confirms a lower-low
Reclaim of 1.3400 handle reopens the 1.3420 layered resistance
Cable ground higher through the week from the 1.3330 area but stalled twice at the 1.3400 handle, forming a double top around 1.34015. The final H1 bar sank to 1.3339 on a safe-haven USD bid ahead of today's FOMC minutes, unwinding most of that advance and dropping price back below EMA(20) and EMA(50). RSI(14) has cooled toward 41 as the pullback deepens.
Support: 1.33285, 1.3300
Resistance: 1.34015, 1.3420
What it said to watch
FOMC minutes at 18:00 GMT is the dominant near-term driver for this read
Close below 1.3300 negates the this-week bullish structure
H1 close above 1.3400 reopens the 1.3420 layered resistance
08:01 UTC
Uptrend stalled, ranging · RSI 52 · price 1.33637
Range under 1.3400 after rejection.
Cable's nine-session climb stalled at the 1.3400 handle mid-week and has since coiled into a range as a Hormuz-driven safe-haven Dollar bid capped the week high at 1.34015. Price is holding above EMA(20) but sits just under EMA(50), with RSI(14) mid-range near 52 after buyers defended the 1.3345 swing low twice. The 1.3300 pivot below marks where the near-term constructive read would fade.
Support: 1.3345, 1.33285, 1.3300
Resistance: 1.34015, 1.3396
What it said to watch
FOMC Minutes today 18:00 GMT could materially shift this range
H1 close above 1.3400 reopens the path toward the 1.3420–1.3520 zone
Failure to hold the 1.3345 swing low exposes the 1.3300 pivot
Cable pushed to the 1.3400 week high midweek then stalled, rejecting the handle as the Hormuz-driven safe-haven Dollar bid capped upside. Price has since coiled around 1.3350-1.3370, holding just above EMA(20) with RSI(14) cycling in the mid-50s. The week's grind higher is intact but momentum has flattened into the FOMC minutes.
Support: 1.3350, 1.3335, 1.3308
Resistance: 1.34009, 1.3420
What it said to watch
H1 close above 1.34009 opens the 1.3420-1.3520 layered resistance
Failure to hold 1.3350 confirms a lower-low back toward 1.3308
FOMC minutes at 18:00 GMT could materially shift this read
Cable's multi-session grind stalled at the 1.3400 handle this week, with the push to 1.34009 rejected and price rotating back into a 1.3350–1.3400 range. Sterling has held up better than peers on the crosses, but a firm dollar on Hormuz safe-haven flows has capped the topside; price is now pinned to the H1 EMA20 near 1.3362 with RSI hovering around 50.
Support: 1.3362, 1.33285, 1.3300
Resistance: 1.34009, 1.3410
What it said to watch
FOMC Minutes today 18:00 UTC is the main cable catalyst and could break this range
H1 close above 1.34009 opens the path toward 1.3410
Failure to hold 1.3350 exposes the 1.33285 swing low and 1.3300 psych level
07:01 UTC
Sideways, capped under 1.3400 · RSI 54 · price 1.33631
Range, week high respected.
Cable's nine-session grind stalled Tuesday after a rejection at the 1.3400 handle, and price has since coiled in a 1.3330–1.3400 band. It reclaimed the EMA(20) into the NY session with RSI(14) back near 54, but the week high at 1.3401 has capped every attempt. Middle East safe-haven USD demand remains the near-term brake on further Sterling upside.
Support: 1.3355, 1.3330, 1.3300
Resistance: 1.3400, 1.3401, 1.3445
What it said to watch
H1 close above 1.3400 opens the path to 1.3445
FOMC Minutes 18:00 UTC is the main cable catalyst this session
Failure to hold 1.3330 exposes the 1.3300 psych level
Cable ground higher from Monday's 1.3305 open to tag the 1.3400 handle mid-week before being rejected as Hormuz tensions revived a safe-haven Dollar bid. Price has since drifted back into a 1.3345-1.3375 consolidation, now pinned to EMA20 and sitting below EMA50 with RSI(14) flattening near 50. The 1.3400 week high remains the layered ceiling that has capped this rally.
Support: 1.3343, 1.3305, 1.3297
Resistance: 1.3400, 1.3375, 1.3445
What it said to watch
FOMC Minutes Wed 18:00 GMT is the main near-term catalyst for this read
H1 close above 1.3410 would clear the week high and open 1.3445
Failure to hold 1.3343 exposes the 1.3305 weekly open, break of 1.3300 negates the up-leg
Cable's nine-session rally stalled into the 1.3400 handle on Tuesday's NY session, tagging a week high of 1.34015 before Hormuz-driven Dollar demand capped the move. Price has since drifted into a tight consolidation around 1.3355, holding just above EMA(20) but below EMA(50), with RSI(14) flattened near mid-range. The 1.3345-1.3400 band frames this week's post-rally balance.
Support: 1.3342, 1.3300
Resistance: 1.34015, 1.3410
What it said to watch
H1 close above 1.3410 opens the path toward 1.3445
Failure to hold 1.3342 exposes the 1.3300 downside pivot
FOMC Minutes Wed 18:00 GMT is the main near-term catalyst for this read
05:01 UTC
Uptrend stalling, now consolidating · RSI 45 · price 1.33537
Pullback from week high, lower highs into range.
Cable ground higher into the 1.3400 area midweek — layered resistance and the 200-day zone — before rejecting and rolling into a lower-highs pullback on a firmer dollar as Hormuz headlines revived USD demand. Price now consolidates near 1.3354, slipping back below EMA20 with RSI(14) mid-40s after the failure at the week high. The 1.3342 swing low is the near-term pivot holding the range together.
Support: 1.3342, 1.3329, 1.3300
Resistance: 1.34015, 1.3410
What it said to watch
FOMC minutes at 18:00 UTC could materially shift this read
H1 close above 1.34015 reopens the 1.3410 pivot break
Loss of 1.3342 exposes 1.3329 and the 1.3300 downside trigger
Cable pushed to the 1.34015 week high mid-week on a soft dollar and short-covering, then rejected and drifted back into the mid-1.335s, now trading below the EMA20 near 1.3363. RSI(14) has cooled toward 44 as momentum flattened, with price coiling in a tight range off the swing low at 1.33459. The move stalled just under the layered 1.3400 resistance flagged all week.
Support: 1.33459, 1.33285
Resistance: 1.3363, 1.34015
What it said to watch
H1 close above 1.34015 reopens the week-high resistance test
Failure to hold 1.33459 exposes the 1.33285 week low
FOMC minutes at 18:00 UTC could materially shift this read
Cable ran up to the 1.3400 week high into Monday's NY session before stalling, and has since drifted back below EMA(20) as the short-covering leg cools. Price is now consolidating above the 1.3342 swing low with RSI(14) around 41, and the 1.3401 week high capped the last attempt — consistent with the digest's grindy-upside read into layered resistance.
Support: 1.3342, 1.3300
Resistance: 1.3401, 1.3420
What it said to watch
FOMC minutes today 18:00 UTC could materially shift this read
H1 close above 1.3401 week high reopens 1.3420 layered res
Loss of 1.3342 swing low confirms a deeper pullback toward 1.3300 psych
Cable pushed to a 1.3402 week high before the 1.3400 pivot capped it, and price has since drifted back under the EMA20 into the low 1.3350s as renewed Hormuz-driven USD demand met the stalled short-squeeze. The move off Tuesday's 1.3329 base is now retracing, with RSI(14) easing back toward the mid-40s. Structure remains a consolidation beneath layered resistance rather than a reversal.
Support: 1.3345, 1.3329, 1.3300
Resistance: 1.3400, 1.3402
What it said to watch
H1 close above 1.3410 opens the path to 1.3445
Failure to hold 1.3345 swing low exposes 1.3300 downside trigger
FOMC minutes 18:00 UTC could materially shift the USD leg of this read
03:01 UTC
Uptrend, momentum fading · RSI 44 · price 1.33541
Consolidating below week high after rally.
Cable ground higher through the week on a softer dollar, tagging 1.3400 twice into Tuesday's NY session before easing back. Price has since drifted into the low 1.335s, slipping under the EMA20 with RSI(14) in the mid-40s as the impulse stalls at the week high. The 1.3400/1.3410 pivot has capped, while demand around the 1.3345 swing low is holding the pullback for now.
Support: 1.3342, 1.33285, 1.3300
Resistance: 1.3362, 1.34009, 1.3410
What it said to watch
H1 close above 1.3410 reopens the path to week high extension
Loss of 1.3345 swing low exposes 1.3300 downside trigger
FOMC minutes Wed 18:00 UTC is the near-term USD swing factor for this read
Cable ran eight straight up-days from Monday's 1.3286 base into the 1.3400 area, riding a softer dollar and short-covering, but two attempts at 1.34015 stalled and price has drifted back to the 1.3350s below EMA(20). Renewed Hormuz-driven USD demand and a jump in NY Fed inflation expectations have capped the squeeze, leaving RSI(14) cooling into the mid-40s. Range top near 1.3400 still respected; demand has repeatedly stepped in around 1.3349.
Support: 1.3349, 1.33285, 1.3300
Resistance: 1.34015, 1.3420
What it said to watch
FOMC minutes at 18:00 UTC is the near-term USD swing factor for this read
H1 close above 1.34015 reopens the path to 1.3420 layered resistance
Failure to hold 1.33285 confirms a lower-low and negates the consolidation
Cable extended its multi-day squeeze to a weekly high of 1.3402 into the NY session before layered supply near the 1.3400 round number capped the move, and price has since drifted back below EMA(20) into the middle of the 1.3350-1.3400 range. RSI(14) has cooled toward the mid-40s as the up-days lose thrust, consistent with the digest's 'consolidation, not reversal' read. Price now sits at 1.3348, holding above the 1.3350 range floor.
Support: 1.3350, 1.3329, 1.3300
Resistance: 1.3400, 1.3402, 1.3445
What it said to watch
H1 close above 1.3410 invalidates the range read and opens 1.3445
Loss of 1.3350 exposes the 1.3329 swing low and 1.3300
FOMC minutes at 18:00 UTC is the key USD catalyst that could shift this read
Cable pushed to a week high near 1.3400 into yesterday's NY session before rejecting, and price has since drifted back under EMA20 to 1.3348. The 1.3400/1.3410 pivot remains the capping level as the broader USD-driven squeeze grinds; RSI has eased into the low 40s on the pullback. GBP is G10's strongest on a fading dollar, but upside is grindy with resistance stacked overhead.
Support: 1.3342, 1.3330, 1.3300
Resistance: 1.3400, 1.3410, 1.3445
What it said to watch
FOMC minutes 18:00 UTC today is the near-term USD swing factor and could reshape this read
H1 close above 1.3410 reopens the path toward 1.3445
Failure to hold 1.3342 exposes the 1.3330 downside trigger
01:01 UTC
Uptrend stalling, pulling back · RSI 44 · price 1.33533
Rejected at 1.3400, easing into support.
Cable ground higher off Monday's open through the week's short-covering theme but stalled twice into the 1.3400 wall / 200-EMA and has since faded back under EMA20. Price now sits in the 1.3345 day-low zone with RSI(14) rolling toward the mid-40s as the pullback develops. The 1.3320 key support remains the pivot for this week's positive structure.
Support: 1.3343, 1.3320, 1.3285
Resistance: 1.3375, 1.3401, 1.3445
What it said to watch
H1 close above the 1.3400 wall opens the 1.3445 resistance
Close below 1.3320 key support negates the week's higher structure
FOMC minutes today 18:00 UTC could shift the USD side of this read
01:01 UTC
Uptrend stalling at resistance · RSI 42 · price 1.33533
Lower highs off 1.3400 wall.
Cable ran up through the week on GBP short-covering but stalled twice into the 1.3400 handle/200-EMA wall, printing a double top near 1.34009 before rejecting. Price has since slipped back under both EMA20 and EMA50 with RSI(14) rolling off toward 40, and now sits at 1.3353 mid-range. FOMC minutes Wednesday is the swing factor for the USD side of the pair.
Support: 1.3345, 1.3320
Resistance: 1.3400, 1.3396
What it said to watch
H1 close below 1.3345 confirms a lower-low and opens 1.3320 key support
Reclaim and hold above 1.3400 revives the upside toward 1.3445
FOMC minutes (Wed 18:00 UTC) could materially shift this read via USD
00:02 UTC
Uptrend stalling at 1.3400 · RSI 41 · price 1.33444
Higher highs capped, pulling back.
Cable ground higher through the week on sterling short-covering before stalling at the 1.3400 wall / 200-EMA, printing a double top near 1.34015 across the NY session and fading back through EMA20. RSI(14) has cooled off overbought as price retreats toward the 1.3345 recent low, with lower highs now capping the top of the range. USD held firm near DXY 100.90 into the session, keeping the 1.3400 ceiling intact.
Support: 1.3345, 1.3332, 1.3320
Resistance: 1.3401, 1.3445
What it said to watch
H1 close above 1.3401 reopens the 1.3445 resistance stack
FOMC minutes Wed 18:00 UTC could materially shift this USD-driven read
Loss of 1.3320 key support negates the near-term positive structure
00:01 UTC
Uptrend, stalling into 1.3400 · RSI 41 · price 1.33444
Higher highs capped, retracing off week high.
Cable ran from Monday's 1.3278 open to stall twice at the 1.3400 wall (200-EMA), printing a double top near 1.34015 before fading through the NY session. Price has slipped back below the H1 EMA20 around 1.3375 with RSI cooling toward 40, and demand is being tested around the 1.3335 swing low. Squeeze narrative intact per positioning, but momentum has rolled over into the retrace.
Support: 1.3335, 1.33285, 1.3320
Resistance: 1.3375, 1.34015, 1.3445
What it said to watch
H1 close above 1.34015 reopens the path toward 1.3445
Close below 1.3335 exposes 1.33285 week low and the 1.3320 key support
FOMC minutes Wed 18:00 UTC could materially shift the USD side of this read