Coiling below 200d sma, intraday range 1.3383-1.3426.
Cable spent the European session pinned around the 200-day SMA at 1.3415 after recovering from the 1.3383 London low, and is now drifting to 1.34038 as volatility compresses (ATR ~5 pips). Price is sitting on the 50% retrace of that recovery leg with RSI mid-range; the 200d SMA has capped repeated tests overhead.
Support: 1.3400, 1.33832
Resistance: 1.3415, 1.34238
What it said to watch
M15 close below 1.3400 opens the 1.3383 swing low
Reclaim of 1.3415 needed to re-test 1.3424 session high
GBPUSD is ranging 1.3383–1.3426 beneath the 200-day SMA at ~1.3415, which has repeatedly capped rallies as US-Iran risk-on offsets soft UK data. The last few bars faded from 1.3420 back to 1.3404 with RSI(14) cooling into the low 40s; price now hovers just above the 1.3400 round level.
Support: 1.3400, 1.3389, 1.33832
Resistance: 1.3415, 1.3426
What it said to watch
M15 close above 1.3415 (200-day SMA) opens 1.3426/1.3434
Failure to hold 1.3400 exposes 1.3389 then 1.3383 session low
UK CPI Wed and FOMC Wed are the binary risks for this range
10:58 UTC
Range, drifting off highs · RSI 44 · price 1.34038
Ranging 1.3383–1.3425, rolling over from range top.
Cable is ranging 1.3383–1.3425 and has slipped to 1.3404 after repeated rejections at the 200-day SMA cluster near 1.3415 and session high 1.3425. Price now sits below EMA20/50 with RSI(14) mid-40s — momentum cooling but no extreme; the 1.3400 round number is the immediate floor.
Support: 1.3400, 1.3389, 1.33832
Resistance: 1.3415, 1.34253
What it said to watch
M15 close above 1.3415 reopens the 1.3425 session high
Loss of 1.3400 exposes 1.3389 then the 1.3383 session low
UK CPI (Wed) and FOMC are the macro risks that would override this range read
10:58 UTC
Range, near 200-day SMA · RSI 44 · price 1.34038
Ranging 1.3383-1.3426, fading off intraday highs.
Cable is ranging 1.3383-1.3426, pinned at the 200-day SMA ~1.3415 as US-Iran risk-on offsets soft UK data. London hours faded the 1.3419 push back to the 1.3400 round number, RSI(14) cooling toward 43 with price now under EMA20/EMA50.
Support: 1.3400, 1.3389, 1.33832
Resistance: 1.3415, 1.34238
What it said to watch
M15 close above 1.34238 reopens the session high and 200d sma break
Loss of the 1.3400 round number exposes the 1.3389 swing low
UK CPI Wed 06:00 UTC is the next major catalyst for this read