Rally from 1.3514 to 1.3643, now retracing toward range mids.
Price climbed steadily from Wednesday's 1.3514 low to a week high of 1.3643 into Friday's NY session, but the reopening bar gapped back to 1.3554 and rejection at 1.3590 has now pulled the pair below both EMA20 and EMA50. Geopolitical headwinds around Iran/Hormuz over the weekend appear to have soured the prior tone, with RSI rolling to the high-30s after diverging at the 1.3643 high.
Support: 1.35543, 1.35475, 1.35135
Resistance: 1.3590, 1.36306, 1.36432
What it said to watch
Hourly close back above 1.3590 would neutralise the rejection
Loss of session low 1.3554 opens the path to the 1.3548 swing low
Iran/Hormuz headlines remain a material risk to this read
Higher highs into 1.3636, sharp reversal back to weekly open zone.
Week opened near 1.3530 and climbed steadily through London and NY sessions into a 1.3636 peak, but the double top at 1.3630/36 was rejected hard, dragging price back through EMA20 and EMA50 to retest the swing low at 1.3549. Current bar prints near 1.3578 after a thin reopen, sitting below both EMAs with RSI in the upper-30s, reflecting momentum loss after the Hormuz/Iran headline flow into Friday's close.
Support: 1.3549, 1.3528, 1.3515
Resistance: 1.3590, 1.3624, 1.3636
What it said to watch
H1 close back above 1.3590 ema20 would neutralise the pullback read
Loss of 1.3549 swing low exposes 1.3528 week low
Iran/US negotiation headlines remain a headline-risk driver into Asia
Higher highs and higher lows since Wednesday's low.
Cable has carved a higher-low sequence since Wednesday's 1.3547 week low, with the NY session yesterday driving the rally to 1.3643 before a clean pullback found buyers at 1.3582. Price is back above EMA20 with RSI(14) cycling 50–62 on dips, and a tight Asia-session flag is consolidating just under the prior high. The 1.3600 psych level is now acting as pivot support on the retest.
Support: 1.3600, 1.3582, 1.3547
Resistance: 1.3643, 1.3630
What it said to watch
H1 close above 1.3643 week high opens continuation toward 1.3680+
Loss of 1.3582 swing low breaks the higher-low sequence
US CPI release Tuesday is the dominant catalyst for the week