Higher lows since Thursday, capped at 200-day SMA.
Cable bounced sharply from Thursday's 1.3324 week low back to test the 200-day SMA at 1.3415 and the 1.3433 week high, supported by US-Iran risk-on and sticky UK inflation expectations after in-line April GDP. Price is now consolidating just under the 200-day SMA, oscillating around the EMA20 with RSI(14) back near 50. Higher lows off the Thursday base remain intact above the EMA50.
Support: 1.3390, 1.3352, 1.3324
Resistance: 1.3415, 1.3433, 1.3465
What it said to watch
Sustained H1 close above 1.3415 200-day SMA opens 1.3433/1.3465
Loss of 1.3390 swing low exposes 1.3352 then the 1.3324 week low
UK CPI Wed and FOMC Wed could materially shift this read
Cable recovered sharply from Thursday's 1.3324 low into the NY session, the dominant impulse of the week, and is now pinned against the 200-day SMA at 1.3415. Price has coiled between 1.3390 and the 1.3433 week high since, holding above EMA20 with RSI(14) cycling mid-range and momentum flattening. The bounce leans on US-Iran risk-on and sticky UK inflation expectations rather than the in-line April GDP print.
Support: 1.3390, 1.3343, 1.3324
Resistance: 1.3415, 1.3433, 1.3465
What it said to watch
Sustained H1 close above 1.3415 opens 1.3434/1.3465
Failure to hold 1.3390 turns focus back to the 1.3343 downside target
UK CPI (Wed) and FOMC (Wed) could materially shift this read
Rebound off Wed low, consolidating below 200d SMA.
GBPUSD rebounded sharply from Wednesday's 1.3324 low through the NY session, helped by a softer USD on US-Iran de-escalation hopes rather than UK data. Price has since stalled and is consolidating right at the 200-day SMA near 1.3415, with RSI(14) holding the mid-50s above a rising EMA(20). The 1.3415 cap has absorbed repeated attempts while the 1.3389 higher-low base holds.
Support: 1.3389, 1.3343, 1.33243
Resistance: 1.3415, 1.34332, 1.3465
What it said to watch
Hourly close above 1.3433 opens the path to the 1.3465 range top
Failure to hold 1.3389 puts the 1.3343 range low back in play
UK CPI Jun 17 06:00 UTC is the next structural catalyst for this range
19:01 UTC
Uptrend, momentum slowing at 200-day SMA · RSI 58 · price 1.34163
Consolidation above prior swing highs.
GBPUSD recovered from Wednesday's dip to 1.3325 and rallied through the NY session to test the 200-day SMA at 1.3415, helped more by a softer USD on US-Iran peace hopes than by mixed UK data. Price is now consolidating just above 1.3415, holding above EMA20 with RSI cycling in the 55-62 zone. The week high at 1.3433 capped the advance and remains the immediate ceiling.
Support: 1.3408, 1.3390, 1.3343
Resistance: 1.34332, 1.3465
What it said to watch
H1 close above 1.34332 opens the path to the 1.3465 range cap
Failure to hold 1.3408/1.3390 reopens the 1.3343 range low
UK CPI Jun 17 06:00 UTC could break the 1.3340-1.3465 range
FOMC Jun 17 18:00 UTC a material USD risk for this read
18:01 UTC
Recovery uptrend, stalling at range top · RSI 60 · price 1.34165
Higher lows off Thursday low, capped near week high.
Cable rebounded sharply from Thursday's 1.3324 low into the NY session, recovering to 1.3433 as US-Iran peace optimism sapped the dollar and a soft UK data dump was shrugged off. Price is now consolidating just above the 200-day SMA at 1.3415, holding the EMA20 with RSI(14) easing back from the upper 60s. The week's 1.3340-1.3465 band remains intact, with the 1.3433 swing high capping the latest push.
Support: 1.3415, 1.3393, 1.3343
Resistance: 1.3433, 1.3465
What it said to watch
Hourly close above 1.3433 opens the path to the 1.3465 range cap
Failure to hold 1.3415 returns price into the 1.3340-1.3465 range
UK CPI Wed 06:00 GMT is the week's key catalyst and could materially shift this read
Higher lows off Wednesday's dip, capped at week high.
Cable rebounded from the 1.3324 dip midweek and pushed to a 1.3433 week high before settling into a tight consolidation just above the 200-day SMA at 1.3415. Price has held above EMA20 and EMA50 through the NY session, with RSI cycling the mid-50s to low-60s on each pullback. The soft UK GDP print was shrugged off as risk sentiment and the 200-day SMA test keep direction event-driven.
Support: 1.3393, 1.3343, 1.3300
Resistance: 1.3415, 1.3433, 1.3465
What it said to watch
Close above 1.3433 opens the path to the 1.3465 range cap
Failure to hold 1.3393 exposes the 1.3343 range pivot
UK CPI Wed 06:00 GMT is the week's key catalyst for this read
Higher low off mid-week dip, consolidating below week cap.
Cable rebounded sharply from the 1.3325 week low into Thursday's NY session, with the move accelerating after soft April GDP failed to dent the pound and rising UK inflation expectations underpinned a hawkish BoE read. Price has since held above EMA(20) and EMA(50), consolidating in the upper 1.3390-1.3424 range while the 1.3433 week high caps the recovery. RSI(14) sits mid-50s, momentum cooling but structure intact above the recovery floor.
Support: 1.3389, 1.3370, 1.33248
Resistance: 1.3424, 1.34332, 1.3465
What it said to watch
H1 close above 1.3434 challenges the 1.3465 band cap
Loss of 1.3389 opens a retest of 1.3370
UK CPI Wed 06:00 GMT is the key catalyst for this range
Cable rebounded sharply off the 1.3325 dip on Thursday's NY session after soft April GDP failed to dent the pound, with rising inflation expectations underpinning a hawkish BoE narrative; the impulse stalled at 1.3433. Price has since coiled between 1.3395 and 1.3425, holding above EMA20 with RSI(14) cycling around the mid-50s on each pullback. The weekly high at 1.3433 has capped, while demand has repeatedly stepped in near 1.3395.
Support: 1.33956, 1.33832, 1.3408
Resistance: 1.34255, 1.34332
What it said to watch
H1 close above 1.3433 weekly high opens path toward the 1.3465 band cap
Loss of 1.3395 swing low exposes 1.3382 and the EMA20 cluster
UK CPI on Wed Jun 17 is the key catalyst that could break this range
Cable rebounded hard from the 1.3325 sweep into Thursday's NY session and has since consolidated in the upper third of this week's 1.3340-1.3434 band. Price holds above EMA20 with RSI(14) cycling mid-range; the soft April GDP print failed to dent the pound as a 4% inflation-expectations jump kept GBP firm. Resistance at the 1.3434 100-day has capped, with the session high at 1.3426 marking the nearer hurdle.
Support: 1.3389, 1.3340, 1.3325
Resistance: 1.3426, 1.3434, 1.3465
What it said to watch
H1 close above 1.3434 opens the path to the 1.3465 band cap
Failure to hold 1.3389 swing low risks a slide back to the 1.3340 band floor
UK CPI on Jun 17 is the key catalyst that could break this range
Cable rebounded sharply off the 1.3325 week low into Thursday's NY session and is now consolidating in the 1.3405-1.3425 zone just under the 1.34332 week high. Soft April GDP (-0.1%, in line) failed to dent the pound as a jump in UK inflation expectations to 4% kept GBP firm; price holds above EMA(20) with RSI(14) cycling mid-50s. The 1.34332 high has capped the latest push and remains the level to watch for rejection or break.
Support: 1.3394, 1.3340, 1.3325
Resistance: 1.34332, 1.3465
What it said to watch
H1 close above 1.34332 opens the path toward the 1.3465 band cap
Loss of 1.3394 reopens the 1.3340 band floor
UK CPI (Wed Jun 17) is the key catalyst and could reset this range
Cable swept the week low at 1.3324 on Wednesday before a sharp NY-session rebound carried it back above EMA(20) and EMA(50), with the pound shrugging off soft April GDP as the 4% inflation-expectations print revived hawkish BoE talk. Price has since consolidated in the 1.3390-1.3433 area, with the week high at 1.3433 capping the latest push and RSI(14) holding mid-range. Higher lows remain intact off Wednesday's dip.
Support: 1.3390, 1.3352, 1.3324
Resistance: 1.3433, 1.3465
What it said to watch
H1 close above 1.3433 opens the path toward the 1.3465 band cap
Failure to hold 1.3390 exposes the 1.3352 prior low
UK CPI Wed 06:00 GMT is the week's key catalyst and could reset this read
Cable rallied off Thursday's 1.3324 low after soft April GDP failed to dent the pound and inflation expectations jumped to 4%, tagging a 1.3433 week high before stalling. Price has since consolidated in the 1.3390-1.3426 zone, holding above EMA20 with RSI(14) mid-range and no momentum extreme. The 1.3433/1.3434 cap has held two attempts this week.
Support: 1.3405, 1.3394, 1.3340
Resistance: 1.3433, 1.3465
What it said to watch
H1 close above 1.3434 opens the path toward the 1.3465 band cap
Failure to hold 1.3394 / EMA20 confirms a lower-low back into the 1.3340 band floor
UK CPI on Wed Jun 17 is the key catalyst and could materially shift this read
Cable spiked over the big figure to 1.34332 mid-week as USD softened on Trump pausing Iran strikes, then settled into a tight consolidation around 1.3400–1.3420 below the 100-day SMA cap. The move was geopolitics-driven rather than UK data-led — April GDP printed in line and drew little reaction. Price holds above EMA(20)/EMA(50) but RSI(14) is cycling mid-range, with the rally repeatedly capped near 1.3420/1.3433.
Support: 1.3390, 1.3343, 1.3325
Resistance: 1.3420, 1.3433
What it said to watch
Hourly close above 1.3435 invalidates the range-cap read and opens 1.3465
Failure to hold 1.3390 exposes the 1.3343 range floor
US Michigan sentiment 14:00 UTC today could shift the USD leg
UK CPI (Wed Jun 17) is the next major catalyst for this pair
Cable's >100-pip pop from the 1.3325 week low into 1.3433 came on Thursday's USD pullback after Trump paused Iran strikes, not UK data. Since then price has consolidated 1.3390-1.3420, capped twice near the 1.3420/1.3433 cluster that aligns with the 100-day SMA. RSI(14) has cooled back to the low-50s as the rally lost momentum into NY hours.
Support: 1.3390, 1.3343, 1.3325
Resistance: 1.3420, 1.3433
What it said to watch
Michigan sentiment at 14:00 UTC could materially shift the USD leg
H1 close above 1.3435 opens the path toward the next resistance
Failure to hold 1.3390 exposes the 1.3343 range floor
Sterling ran up from the week's 1.3325 floor into 1.3433 on Thursday's geopolitical relief move, but two attempts have stalled under the 100-day SMA cap near 1.3420, leaving a lower high. Price has since leaked back to 1.3391, slipping below both H1 EMAs as a firmer USD on hot PPI reasserted itself. The 1.3343–1.3433 band still frames the week.
Support: 1.3375, 1.3343, 1.3325
Resistance: 1.3420, 1.3433
What it said to watch
Hourly close above 1.3420 opens the path back to 1.3433 week high
Loss of 1.3375 exposes the 1.3343 range floor
UK CPI cluster Tue 06:00 UTC could materially shift this read
GBPUSD has held a 1.3340-1.3433 range all week, with Thursday's spike toward 1.3433 a risk-driven bounce on Iran headlines that has since leaked back. Two attempts at the 1.3420/1.3433 zone failed and price slipped below EMA(20) into the close, now hovering on EMA(50) with RSI(14) cooling toward the mid-40s. Range top respected, floor near 1.3340 still untested this session.
Support: 1.3375, 1.3340
Resistance: 1.3420, 1.3433
What it said to watch
H1 close above 1.3420 reopens the 1.3433 week high
Failure to hold 1.3375 puts the 1.3340 range floor in focus
UK CPI Tue 06:00 UTC could materially shift this range read
GBPUSD rebounded off Thursday's 1.3325 low through the NY session and reclaimed 1.3400 on the Iran de-escalation peace rally rather than UK fundamentals. Price is now consolidating just under the 1.3420–1.3433 resistance band that has capped two attempts, with RSI(14) flattening in the mid-50s. Sterling sits pinned to its H1 EMA(20) after the surprise April manufacturing beat steadied the tone.
Support: 1.3395, 1.3408, 1.3325
Resistance: 1.3420, 1.3433
What it said to watch
H1 close above 1.3433 opens the path toward 1.3465
Failure to hold 1.3395 exposes the 1.3325 week low
US Michigan sentiment at 14:00 UTC could shift this read
GBPUSD clawed back from Wednesday's week low near 1.3325 — a USD/PPI and Iran-risk driven dip — into a recovery that stalled at 1.3433, the upper edge flagged around the 100-day SMA. Price has consolidated since around 1.3410, holding above EMA20 with RSI(14) cycling in the mid-50s. Two probes toward 1.3425-1.3433 have been capped this week.
Support: 1.3395, 1.3383, 1.3325
Resistance: 1.3420, 1.3433, 1.3465
What it said to watch
H1 close above 1.3433 opens the path toward 1.3465
Failure to hold 1.3395 exposes 1.3383 then the weekly low at 1.3325
Michigan sentiment at 14:00 UTC could materially shift this read
11:01 UTC
Uptrend, consolidating below cap · RSI 57 · price 1.34103
Rally off week low stalling under 1.3433.
GBPUSD clawed back from Thursday's 1.3324 week low to a 1.3433 high on the Iran de-escalation peace rally, and is now consolidating in the 1.3410–1.3425 zone holding above EMA(20). The 1.3433 week high has capped the advance, with the 100-day cap noted nearby; RSI(14) is mid-50s as upside momentum cools. Pullbacks have so far held the 1.3394 day low.
Support: 1.3394, 1.3343, 1.3324
Resistance: 1.3433, 1.3465
What it said to watch
H1 close above 1.3433 opens the path to the 1.3465 range cap
Failure to hold 1.3394 day low exposes the 1.3343 downside target then 1.3324 week low
UK CPI (Wed) is the main risk that could reshape this read
GBPUSD recovered sharply off the 1.3325 sweep low yesterday, the leg powered by Iran de-escalation headlines rather than UK data, and tagged a 1.3433 week high before stalling. Price has since coiled between 1.3410 and 1.3425, holding above EMA(20) with RSI(14) cycling in the mid-50s. The 1.3420 area (100-day SMA cap) has absorbed repeated attempts this week, keeping the rally capped sub-1.3435.
Support: 1.3383, 1.3352, 1.3325
Resistance: 1.3420, 1.3433
What it said to watch
H1 close above 1.3433 opens the path toward the 1.3465 band edge
Loss of 1.3383 reopens the 1.3325 swing low
UK CPI Jun 17 is the next material catalyst for this read
GBPUSD twice based around 1.3325 (Monday and Thursday) before a sharp recovery into Thursday's session, spiking to 1.3433 as the dollar's safe-haven bid faded on Iran de-escalation headlines. Price has since coiled in a tight 1.3395–1.3433 band, holding above EMA(20) with RSI(14) easing back toward the mid-50s. Friday's in-line UK GDP left Sterling capped well below the 1.3465 cluster.
Support: 1.3405, 1.3343, 1.3325
Resistance: 1.3433, 1.3465
What it said to watch
H1 close above 1.3433 opens the path toward the 1.3465 cap
Failure to hold 1.3343 band edge reopens the 1.3325 week low
UoM sentiment / inflation expectations at 14:00 UTC could shift the USD read
Sterling rebounded off Wednesday's 1.3325 trough and spiked to 1.3433 Thursday as Trump cancelled the planned Iran strikes, then leaked back toward 1.3410 as Tehran disputed a deal. Price holds above EMA20 with RSI(14) cycling mid-50s on pullbacks, but the 1.3433/1.3465 cluster — site of the 100-day SMA — has capped the advance. Friday's in-line UK GDP was a non-event for structure.
Support: 1.3405, 1.3395, 1.3327
Resistance: 1.3433, 1.3465
What it said to watch
Hourly close above 1.3433 opens the path to the 1.3465 cap
Failure to hold the 1.3395 swing low breaks the rising-lows sequence
Michigan sentiment + inflation expectations at 14:00 UTC could shift the USD leg of this read
09:01 UTC
Recovery stalling under resistance · RSI 48 · price 1.33948
Consolidation below 100-day SMA after rally.
Cable rallied off Wednesday's 1.3325 low into Thursday's peace-rally spike near the 1.3433 week high, then stalled under the 100-day SMA at 1.3420, which capped the move. Price has since drifted back to the 1.3393 recent low and is now sitting just below EMA20 with RSI cooling around 48, in line with the soft, as-expected UK April GDP keeping sterling pinned. Holding above EMA50 keeps the post-Wednesday recovery intact for now.
Support: 1.3393, 1.3375, 1.3325
Resistance: 1.3420, 1.3433
What it said to watch
H1 close above 1.3420 reclaims the 100-day SMA and reopens the 1.3433 week high
Failure to hold 1.3375 swing low reopens the 1.3325 wed low
UK CPI Tue Jun 17 is the week's main risk and could reset this read
Cable spiked off the 1.33243 week low on Thursday's 'peace rally' to a 1.34332 week high before fading, and has since consolidated around 1.3395. The 100-day SMA near 1.3420 capped two attempts and price now sits just under EMA(20), with RSI(14) drifting back to the mid-40s. As-expected April GDP did little, leaving the pair pinned below 1.3420 resistance.
Support: 1.3343, 1.33243
Resistance: 1.3420, 1.34332
What it said to watch
H1 close above 1.3420 (100-day sma) reopens the week high at 1.3433
Loss of 1.3343 (downside tgt) confirms a lower low
US Michigan sentiment at 14:00 UTC could shift the USD bid
Thursday's NY-session rally lifted cable off 1.3324 to a 1.3433 week high after the soft US core CPI print, then stalled into the 1.3420 100-day SMA. Since then price has coiled in a 1.3395–1.3426 range with RSI(14) flattening near 50, sitting right on the H1 EMA20. The 1.3420 area has capped repeated attempts, keeping the read a consolidation under resistance.
Support: 1.3395, 1.3409, 1.3343
Resistance: 1.3420, 1.3433
What it said to watch
H1 close above 1.3433 would resume this week's advance toward the range top
Failure to hold 1.3395 exposes 1.3343, then 1.3300
Consumer Inflation Expectations at 08:30 GMT and UK CPI on Jun 17 are the key risk to this range read
08:01 UTC
Range, recovering from lows · RSI 54 · price 1.34046
Range 1.3325-1.3450, consolidating below resistance.
Cable based around 1.3325 mid-week then rallied on Thursday's US-CPI-driven 'peace rally', tagging 1.3433 before settling back to consolidate near 1.3405. The 1.3420 area and 100-day SMA capped the push, while price holds above its H1 EMA(20) and EMA(50) with RSI(14) sitting mid-range near 54. The week-long 1.3325-1.3450 range remains intact.
Support: 1.3343, 1.3325
Resistance: 1.3420, 1.3433
What it said to watch
Repeated rejection at 1.3420 keeps the range-top read intact; hourly close above opens 1.3450
Loss of 1.3343 reopens 1.3325 week low
UK Consumer Inflation Expectations 08:30 GMT and US Michigan sentiment 14:00 UTC could shift this read
GBPUSD rallied off Thursday's 1.3324 swing low through the US session, tagging the 1.3433 weekly high before easing back toward the 1.3400 round number as a firmer USD on Iran risk capped the move. Price has since consolidated in a tight band, holding above the EMA20 near 1.3389 with RSI(14) sitting mid-range and no divergence. The 200-day-aligned 1.3400/1.3433 zone has repeatedly faded rallies this week.
Support: 1.3389, 1.33243
Resistance: 1.34332, 1.34255
What it said to watch
Hourly close above 1.3433 weekly high needed to extend the rally
Loss of 1.3389 ema20 exposes the 1.3324 swing low
Michigan sentiment today 14:00 UTC and UK CPI (Jun 17) could shift this range read
GBPUSD rallied off Wednesday's 1.3325 week low into a 1.3433 weekly high during the NY session, then eased back toward 1.3400 / the 200-day EMA that has repeatedly capped this week. Price is now coiling just under 1.3425 with RSi(14) cycling back to neutral and hovering around the H1 EMA20. The 1.34 handle remains the pivot — held as a floor on the last two pullbacks while supply caps near the weekly high.
Support: 1.3388, 1.3352, 1.33248
Resistance: 1.34255, 1.34332, 1.3450
What it said to watch
H1 close above 1.3433 weekly high opens path toward 1.3450
Failure to hold 1.3388 reopens 1.3352 and the 1.3325 week low
Michigan sentiment 14:00 UTC could shift the USD-side read
UK CPI next week is the dominant risk for this cross
Cable swept the downside to 1.3325 yesterday before a sharp rally cleared the 200-DEMA near 1.3400 that had capped every advance this week. Price is now consolidating in the upper 1.3410s just below the 1.3433 week high, with RSI(14) elevated near 60 and holding above EMA20. The leg followed the mixed US PPI read and reflects the 200-DEMA being reclaimed for the first time this week.
Support: 1.3400, 1.3373, 1.3330
Resistance: 1.3433, 1.3426
What it said to watch
UK GDP MoM (f/c -0.1%) at 06:00 UTC can shift this read immediately
H1 close back below 1.3400 reopens the prior range
Clean break above 1.3433 extends the move
06:01 UTC
Recovery, near week highs · RSI 61 · price 1.34128
Broke above 1.3400, consolidating.
Cable spent the week pinned in a 1.3330–1.3425 band, twice fading the 200-DEMA near 1.3400, before a sharp NY-session rally off Wednesday's 1.3324 dip reclaimed and held above it into 1.3433. Price is now consolidating just under the week high with RSI(14) holding above 55 and price tracking above EMA(20). The post-PPI USD bid that capped earlier advances has eased, leaving the 200-DEMA flipping from cap to support.
Support: 1.3400, 1.3380, 1.3333
Resistance: 1.3433, 1.3425
What it said to watch
UK GDP MoM (06:00 UTC) and Consumer Inflation Expectations (08:30 UTC) can shift this read in the next bars
H1 close back below 1.3400 puts price back inside the prior range
Break above 1.3433 week high extends the recovery
US Michigan sentiment at 14:00 UTC a USD-side risk
05:01 UTC
Recovery, momentum easing near week high · RSI 61 · price 1.3413
Higher lows, reclaimed 200-dema.
Cable rallied off the 1.3325 week low after Thursday's PPI-driven dip, reclaiming the 200-DEMA near 1.3400 that had capped every advance this week. Price has stalled just under the 1.3433 week high in the Asia session, with RSI(14) cooling from overbought as the push slows. Holding above the reclaimed 1.3400 keeps the recovery structure intact.
Support: 1.3400, 1.3355, 1.3325
Resistance: 1.3433, 1.3426
What it said to watch
UK GDP MoM at 06:00 UTC could materially shift this read
Hourly close back below 1.3400 reopens the prior range
Cable based at 1.3325 mid-week and rallied through the 200-DEMA at 1.3400 during yesterday's NY session, with the move sparked by GBP relief after the post-PPI USD bid faded. Price retested 1.3400 and held overnight, leaving a sequence of higher lows into the 1.3433 week high. RSI(14) sits near 59, supporting the recovery without stretching into overbought.
Support: 1.3400, 1.3375, 1.3325
Resistance: 1.3433, 1.3426
What it said to watch
UK GDP at 06:00 UTC today — could materially shift this read
Hourly close back below 1.3400 reopens the 1.3375/1.3330 pivot zone
Close above 1.3433 week high extends the recovery leg
Broke this-week range top, consolidating above reclaimed 1.3400.
Cable reclaimed the 200-DEMA at 1.3400 during yesterday's NY session, rallying off the 1.3325 week low to a 1.34332 high after the soft US core PPI print eased dollar pressure. Price is now consolidating in a tight band just above the reclaimed level with RSI(14) cooling off recent highs. The 1.3400 zone that capped every rally earlier this week is now acting as the immediate floor.
Support: 1.3400, 1.33394, 1.33248
Resistance: 1.34332, 1.34255
What it said to watch
H1 close back below 1.3400 returns price into the week's range
Break above 1.34332 week high extends the move
UK GDP at 06:00 UTC and US Michigan sentiment at 14:00 UTC could materially shift this read
Cable spent most of the week pinned under the 200-DEMA near 1.3400, which rejected rallies twice, before a sharp impulse through the late-NY into Asia session lifted it to a 1.3433 week high. That move retraced earlier USD strength off the hot PPI print, and price is now consolidating just above the reclaimed 1.3400 cap with RSI(14) easing back from the highs. The level that repeatedly capped this week is now the immediate pivot being tested as support.
Support: 1.3400, 1.3353
Resistance: 1.3433, 1.3426
What it said to watch
UK GDP at 06:00 UTC could materially shift this read
Hourly close back below 1.3400 puts the 200-dema cap back overhead
Acceptance above 1.3433 week high opens room beyond the consolidation
Higher lows off week low, testing 1.3400 cap from above.
Cable rallied hard through the NY session yesterday, spiking off the 1.3325 week low to a 1.3433 high as USD bid faded post-data, then settled back to retest the 200-DEMA near 1.3400 from above. Price holds above EMA20 and EMA50 with RSI cycling in the mid-50s, but the 1.3410–1.3415 cap that capped earlier attempts this week is back in play just overhead.
Support: 1.3400, 1.3352, 1.3325
Resistance: 1.3433, 1.3415, 1.3460
What it said to watch
UK April GDP at 06:00 UTC (3h out) could materially shift this read
H1 close back below 1.3400 reopens 1.3352 then the 1.3325 week low
A clean close above 1.3433 week high extends the breakout toward 1.3460
03:01 UTC
Uptrend, momentum easing · RSI 57 · price 1.34023
Higher low into week-high breakout, now stalling at cap.
Cable rallied off 1.3325 through the NY session yesterday to a week high at 1.3433, the leg that flipped this-week structure to a higher low. Price has since slipped back to the 200-DEMA cap around 1.3410-1.3413, the level that has fronted every push this week, with RSI(14) cooling from the rally peak. Holding above EMA(20)/EMA(50) keeps the consolidation just under the ceiling intact.
Support: 1.3353, 1.3325, 1.3306
Resistance: 1.3413, 1.3433
What it said to watch
UK April GDP at 06:00 UTC is ~3h out and can shift this read
Hourly close above 1.3433 clears the week high and the 200-dema cap
Loss of 1.3353 re-exposes the 1.3325 swing low and the week low at 1.3306
Cable rallied sharply off Thursday's 1.3325 swing low through the NY session, printing a 1.3433 week high before stalling. Price is now consolidating around the repeatedly-rejected 200-DEMA cap at 1.3410-1.3415, with RSI(14) easing off the rally peak. The move sits well above EMA20 (~1.3380), but the prior tag of the 200-DEMA failed to hold a clean break.
Support: 1.3380, 1.3330, 1.3325
Resistance: 1.3415, 1.34332
What it said to watch
UK April GDP at 06:00 UTC could materially shift this read
Hourly close above 1.34332 opens room beyond the 200-dema cap
Loss of 1.3380 ema20 area exposes the 1.3330 week pivot
02:01 UTC
Recovering, pressing range top · RSI 61 · price 1.34078
Higher lows into resistance cap.
Cable spent most of the week boxed in 1.3325–1.3433, but a sharp recovery off Thursday's 1.3325 dip into the NY session has carried price back to the top of the range. Price now consolidates just under the well-flagged 200-DEMA / 1.3410–1.3415 cap with RSI(14) easing back toward 60 after the impulse. The 1.3415 ceiling has repeatedly capped this week and remains the pivot for any extension.
Support: 1.3390, 1.3333, 1.3325
Resistance: 1.3415, 1.3433
What it said to watch
UK April GDP today 06:00 UTC could materially shift this read
H1 close above 1.3415 opens the path toward the 1.3433 week high then 1.3475
Failure to hold 1.3390 swing risks a rotation back toward the 1.3330 pivot
01:01 UTC
Uptrend, fresh breakout · RSI 66 · price 1.34114
Higher highs, cleared range cap.
Cable broke above the 1.3400 200-day EMA cap into the NY session as soft US core CPI/PPI was sold against the dollar, tagging a week high at 1.3433 before consolidating just above the level. RSI(14) is elevated near 66 after the impulse off the 1.3325 swing low, with price holding clear of EMA20 and EMA50. The prior cap at 1.3400 now sits as the first support to watch on any retest.
Support: 1.3400, 1.3330, 1.3325
Resistance: 1.3433, 1.3475
What it said to watch
Hold above 1.3400 keeps the breakout intact; a close back below reinstates the range cap
UK GDP at 06:00 UTC could materially shift this read; a beat opens 1.3475, a miss pressures 1.3330 then 1.3300
Failure to clear 1.3433 week high leaves momentum stalling
Cable forced a clean break through the 1.3400 200-day EMA cap that turned away multiple attempts this week, driving up to a 1.3433 week high during the NY session as the USD softened post-PPI. Price is now consolidating just above the broken level with RSI(14) elevated near 68. The prior ceiling at 1.3400 is the immediate pivot — area to watch for a retest holding or failing.
Support: 1.3400, 1.3325
Resistance: 1.3433, 1.3475
What it said to watch
Hourly close back below 1.3400 reopens the 1.3330–1.3395 range
UK GDP MoM at 06:00 UTC could materially shift this read
Sustained acceptance above 1.3433 opens the path to 1.3475
Cable spent most of the week chopping in a 1.3330–1.3400 band, repeatedly sold back from the 200-day EMA near 1.3400, before a sharp impulse off the 1.3324 swing low cleared that cap during the NY session and printed a week high at 1.3433. The leg was helped by a softer core US PPI read offsetting the hot headline, with the recent Asia bars holding gains in a tight coil just under the highs. Price sits above EMA20 and EMA50 with RSI(14) near 69, momentum stretched but not yet rolling over.
Support: 1.3400, 1.3335, 1.3324
Resistance: 1.3433, 1.3475
What it said to watch
UK GDP Fri 06:00 UTC could materially shift this read
H1 close back below 1.3400 re-establishes the 200d ema cap
A close above 1.3433 week high opens the path to 1.3475
00:01 UTC
Uptrend, fresh breakout · RSI 70 · price 1.34243
Broke above week-long 1.3400 cap.
Cable spent the week pinned in a 1.3330–1.3400 band with the 200-day EMA near 1.3400 capping every poke, then forced a clean break through it during the NY session as soft US core PPI/CPI was sold against the dollar. Price now trades above both EMA(20) and EMA(50) with RSI(14) stretched near 70 after the impulse. The week high at 1.3433 is the immediate ceiling; the reclaimed 1.3400 cap is the first structural support on any pullback.
Support: 1.3400, 1.3355, 1.33248
Resistance: 1.34332
What it said to watch
Hold above 1.3400 keeps the breakout valid; a close back below neutralizes it
UK GDP MoM at 06:00 UTC (f/c -0.1%) could materially shift this read
Failure to clear 1.3433 leaves a near-term double-top risk