Higher-high/higher-low structure intact since the mid-June low at 1.3142, with cable grinding to 3-week highs and now pressing the 1.3410-1.3470 resistance band that the 200-day EMA has capped all week. EMAs are stacked bullishly and ATR sits modest near 26 pips, a controlled advance rather than an expansion. The leg reflects faded UK political risk and BoE hike repricing against a softer dollar.
Support: 1.3322, 1.3315
Resistance: 1.3431, 1.3470
What it said to watch
H4 close above 1.3470 clears the 200d ema and opens the path toward 1.36
Failure at 1.3431-1.3470 and a slip below 1.3315 range base would signal the advance has ended
US CPI on Jul 14 could materially shift this read via the dollar
21:02 UTC
Uptrend, testing overhead cap · RSI 61 · price 1.34087
Higher lows since mid-June, pressing resistance.
Higher-low structure intact since the mid-June low near 1.3140, with cable now pressing into the 1.3410-1.3470 resistance zone capped by the 200-day EMA. The advance reflects GBP outperformance on fading UK political risk and BoE year-end hike repricing against a softer dollar. ATR(14) near 28 pips shows a steady trending regime rather than compression.
Support: 1.3372, 1.3322, 1.3315
Resistance: 1.3430, 1.3470
What it said to watch
H4 close above 1.3470 clears the 200-day ema cap and opens the path toward 1.36
Failure to hold 1.3315 range low signals the advance has ended
US CPI Jul 14 could materially shift the dollar side of this read
Higher highs and higher lows since mid-window low.
Cable has recovered the full mid-window slide, printing higher lows off 1.3140 and pressing the 1.3430 3-wk high as fading UK political risk and BoE hike repricing lift sterling. Price sits above both EMA20 and EMA50 with the cross firmly positive, though the 1.3430/1.3470 200-day EMA zone has capped the advance. ATR near 42 pips shows a steady, non-explosive grind rather than an accelerating trend.
Support: 1.3330, 1.3315
Resistance: 1.34306, 1.3447
What it said to watch
H4 close above 1.34306 opens the path to the 1.3470 200-day ema barrier
Failure to hold the 1.3315-1.3330 range floor confirms a lower-low and ends the advance
US CPI Jul 14 could materially shift the dollar leg of this read
17:02 UTC
Uptrend, extending · RSI 61 · price 1.34073
Higher lows since mid-June, testing 1.3400 zone.
Cable is grinding higher within an ascending channel, printing a fresh 3-week high at 1.3431 as GBP outperforms on faded UK political risk and BoE hike repricing. Price holds above both EMA20 and EMA50 with a clean higher-low sequence off the 1.3140 June low; the 1.3410-1.3470 band (including the 200-day EMA) is the multi-day cap being probed. ATR is moderate, consistent with a steady advance rather than an impulsive breakout.
Support: 1.3330, 1.3315, 1.3140
Resistance: 1.3431, 1.3470
What it said to watch
H4 close above 1.3470 opens the path toward the 1.36 area
Rejection at 1.3431/1.3470 followed by a break of 1.3330 would end the higher-low sequence
US CPI (Jul 14) could materially shift the dollar side of this read
13:02 UTC
Uptrend, capped at ceiling · RSI 58 · price 1.33907
Higher highs, higher lows into 1.3400.
Cable has carved higher lows since the 1.3140 base, recovering the full mid-window slide and pressing the 1.3400/200-DMA ceiling that has repelled every advance this week — the last bar tagged 1.3416 and faded back to 1.3391. The bid reflects fully-priced BoE year-end hike expectations, leaving upside dependent on a softer USD. ATR(14) near 31 pips shows a controlled grind rather than an impulsive extension.
Support: 1.3322, 1.3315, 1.3140
Resistance: 1.3400, 1.3431
What it said to watch
H4 close above 1.3400 clears the ceiling and opens the extension toward 1.36
Loss of 1.3322 swing low breaks the higher-low sequence
US CPI Jul 14 is the dominant catalyst for the USD leg of this read
Cable has carved higher lows off the 1.3140 base into a firm recovery, with the digest flagging fully-priced BoE year-end hike bets underpinning sterling. Price is now pressing the 1.3400/200-DMA ceiling that has repelled every advance this week — the 1.34306 print faded back to 1.339. ATR is moderate and EMA20/EMA50 remain stacked below price, keeping the structure constructive while it holds above the 1.3315 pivot.
Support: 1.3322, 1.3315
Resistance: 1.3400, 1.34306
What it said to watch
H4 close above 1.3410 clears the 200-dma ceiling and opens the path toward 1.36
Failure to hold 1.3315 confirms a lower-low and a corrective slide toward 1.3300
US CPI on Jul 14 is the dominant catalyst and could materially shift this read
09:02 UTC
Recovery uptrend off the 1.3140 low · RSI 63 · price 1.34155
Higher lows since mid-window trough, reclaiming 1.3400.
Cable has carved a rounded recovery from the 1.3140 swing low, printing a clean run of higher lows and reclaiming the 1.3400 handle/200-day EMA zone that capped price all week. The advance follows a hawkish-Fed USD bid that stalled the earlier rally, but demand has stepped back in and price now sits at 1.3416 with EMA20 back above EMA50. Layered resistance at 1.3445 is the next test into the recovery.
Support: 1.3340, 1.3300, 1.3140
Resistance: 1.3445, 1.3461
What it said to watch
H4 close above 1.3445 opens the path toward the 1.3461 prior high
Failure to hold 1.3300 key support negates the recovery and confirms a lower low
Higher lows since mid-window bottom, testing prior range top.
Cable has carved higher lows since the 1.3140 bottom mid-window, grinding back to retest the 1.3400 handle / 200-day EMA ceiling that has repeatedly rejected all week. The latest bar pushed to 1.3430 before closing back at 1.3416, so buyers are testing the cap but haven't cleared it, with the hawkish Fed minutes and Iran-driven USD bid still layered overhead. ATR is mid-range, consistent with a controlled recovery rather than an impulsive breakout.
Support: 1.3320, 1.3300, 1.3140
Resistance: 1.3430, 1.3460
What it said to watch
H4 close above 1.3430 clears the 200-day EMA cap and opens 1.3460
Failure to hold 1.3320 breaks the higher-low structure
Break below 1.3300 negates the recovery read
BoE Breeden and US jobless claims today could shift this read
Cable has carved a steady higher-low sequence off the 1.3140 cycle low, retracing most of the earlier decline and pushing into the well-worn 1.3400-1.3410 cap that has repeatedly rejected price. The advance rides hawkish BoE repricing while a geopolitical USD bid keeps a lid on the 1.3400 handle. ATR is moderate and price sits above both EMAs, but momentum stalls into resistance.
Support: 1.3340, 1.3315, 1.3140
Resistance: 1.3410, 1.3445
What it said to watch
H4 close above 1.3410 unlocks the 1.3445 prior high
Loss of 1.3340 swing low signals the recovery has stalled
US Initial Jobless Claims today could shift the USD side of this read
Higher highs and higher lows since early-month low.
Cable has recovered the entire early-month decline from the 1.3140 low, printing higher lows into a fresh push at the 1.3400-1.3410 cap that has rejected price repeatedly. Sterling is underpinned by hawkish BoE repricing while a geopolitical USD bid keeps the 1.3410 handle in play. ATR is moderate and price is holding above both EMA20 and EMA50, consistent with the ongoing recovery leg.
Support: 1.3322, 1.3300
Resistance: 1.3410, 1.3445, 1.3461
What it said to watch
H4 close above 1.3410 unlocks 1.3445 then the 1.3461 range high
Loss of 1.3315-1.3300 negates the recovery and signals a lower low
US jobless claims and Williams today could shift the USD side of this read
01:02 UTC
Recovery, testing 1.3400 cap · RSI 61 · price 1.3394
Higher lows off 1.3140, capped at 1.3400.
Cable carved a rounded bottom off the 1.3140 low, building higher lows through the last week and grinding back into the 1.3400 handle that has capped price twice in the window. The advance leans on a hawkish BoE repricing that has left sterling a G10 outperformer, but the 1.3410–1.3460 band remains a layered resistance zone. Price now sits on the 0.786 retrace of the June down-leg from 1.3460 to 1.3140, with EMA20 and EMA50 both below spot.
Support: 1.3330, 1.3315
Resistance: 1.3400, 1.3410, 1.3460
What it said to watch
H4 close above 1.3410 opens the path to 1.3460
Failure to hold 1.3330 confirms a lower-low and negates the recovery
Higher lows since mid-range low, testing range top.
Cable carved a rounded bottom off the 1.3140 low and has printed higher lows back to the 1.3400 handle, in line with the broader GBP outperformance and BoE hike repricing. Price is now pressing the 1.3410 prior high after a 9-day run stalled there, with ATR moderate rather than compressed. The zone 1.3400–1.3410 has capped the last several sessions and is the pivot for the recovery.
Support: 1.3330, 1.3140
Resistance: 1.3410, 1.3445
What it said to watch
H4 close above 1.3410 opens the path toward 1.3445 resistance
Failure to hold 1.3330 swing low would break the higher-low sequence
US CPI on Jul 14 could materially shift this read via USD flows