GBP/USD AI Live Scan, 15-minute chart, Tuesday, 14 July 2026

Every read JAFX AI made on the GBP/USD 15-minute chart that day, newest first: trend, structure, the levels it marked and what it said to watch.

23:47 UTC

Uptrend, momentum easing into cap · RSI 63 · price 1.33954

Higher lows off session low, grinding toward 1.3400.

The soft US CPI print drove a spike to 1.34431 mid-session before rejection dumped price back to the 1.3367 session low. Thin Asia trade has ground price back up in a higher-low chain, now testing the 1.3400 200-day cap flagged in context; ATR is compressed to ~6 pips.

Support: 1.3387, 1.3375, 1.3367

Resistance: 1.3400, 1.3416, 1.34431

What it said to watch

  • M15 close above 1.3400 opens the path back to 1.34160 then the 1.34431 cpi high
  • Failure to hold 1.33750 swing low reopens the 1.33670 session low

23:46 UTC

Recovering, grinding higher · RSI 62 · price 1.33954

Post-spike consolidation under 1.3400.

The soft US CPI spike drove a sharp push to 1.34431 before the move faded back to 1.33679; price has since ground higher through thin Asia hours to 1.33954. Micro-uptrend intact off the session low but the 200-day cap at 1.3400 remains untested from below.

Support: 1.33792, 1.33679

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 opens the path back toward 1.34431
  • Failure to hold 1.33792 exposes the 1.33679 swing low
  • Volumes are thin in Asia; London open likely sets the next range

23:32 UTC

Recovering after spike, momentum mild · RSI 61 · price 1.33941

Post-spike consolidation, grinding toward range top.

Asia session low-volume grind higher after the soft US CPI spike to 1.34431 faded back into range. Price is consolidating between 1.3375 and the post-spike highs, now edging toward the 1.3400 psych / 200-day SMA cap flagged around here.

Support: 1.3375, 1.33679

Resistance: 1.3400, 1.3409, 1.34431

What it said to watch

  • M15 close above 1.3400 opens the 1.34431 spike high
  • Failure to hold 1.3375 confirms a lower low back toward 1.33679
  • BoE Pill (Wed) and UK GDP (Thu) are the next catalysts that could shift this read

23:32 UTC

Recovering, grinding higher · RSI 61 · price 1.33941

Post-spike retrace, coiling under 1.3400.

The soft US CPI print drove a spike to 1.34431 during NY hours that promptly faded back to 1.33679. Asian session has ground quietly higher into 1.3394 on thin volume, coiling just beneath the 1.3400 round-number / 200-day cap with ATR compressed.

Support: 1.3375, 1.33679

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 opens the path back toward the 1.34431 spike high
  • Failure to hold 1.33750 reopens the 1.33679 swing low
  • BoE Pill and UK GDP later this week could reset this range

23:17 UTC

Grinding higher, capped near 1.3400 · RSI 59 · price 1.33927

Consolidation just under session high after CPI spike.

GBPUSD spiked to 1.3443 on the soft US CPI print before rejecting back under the 1.3400 200-day SMA cap. Thin Asia hours have the pair coiling between 1.3379 and 1.3394, now nudging the session high at 1.33940 with RSI(14) neutral near 59.

Support: 1.3379, 1.3368

Resistance: 1.3394, 1.3400, 1.3443

What it said to watch

  • M15 close above 1.34000 (200-sma) opens the path back to 1.3443
  • Failure to hold 1.33790 exposes the 1.33680 swing low
  • US PPI and BoE Pill speech Wed could reset this read

23:16 UTC

Recovery, grinding higher post-spike · RSI 61 · price 1.33927

Consolidation below CPI spike high, higher lows into Asia.

GBPUSD spiked to 1.34431 on yesterday's soft US CPI print before rejecting and settling back. Thin Asian-session volume has price grinding higher off the 1.33679 session low on a chain of higher lows, now pressing 1.33940 with the 1.3400 round-number/200-day cap just above.

Support: 1.3379, 1.3375, 1.33679

Resistance: 1.3400, 1.34157, 1.34431

What it said to watch

  • Clean M15 close above 1.3400 opens the path back to 1.34157 then the 1.34431 cpi high
  • Failure to hold 1.33750 range floor confirms a lower-low and reopens 1.33679
  • BoE Pill speech Wed 10:30 UTC could shift this read

23:02 UTC

Recovering off lows, momentum flat · RSI 58 · price 1.33904

Consolidation below 1.3400 after false break.

GBPUSD spiked through the 200-day SMA at 1.3400 to 1.34431 as the dollar gave back CPI-day gains, then was rejected and faded to 1.33679. Price has since ground back to 1.339 and is consolidating in a quiet Asia session, still pinned below the 1.3400 cap with RSI neutral.

Support: 1.3379, 1.33679

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 200-day cap opens 1.34431
  • Failure to hold 1.33790 range low exposes 1.33679 session low
  • US PPI (Wed 12:30 GMT) could reset the dollar read

23:02 UTC

Recovery grind higher, capped · RSI 59 · price 1.33904

Post-spike fade, rising lows into 1.3400.

M15 spiked to 1.3443 on the soft US CPI print, then faded to 1.3368 before Asia hours ground price back up toward the 200-day SMA cap near 1.3400. RSI(14) mid-range and overnight volume thin; rising lows off 1.3368 but 1.3400 still unbroken.

Support: 1.3375, 1.33679

Resistance: 1.3394, 1.3400, 1.34431

What it said to watch

  • Close above 1.3400 (200-day sma) opens 1.3445 spike high
  • Failure to hold 1.3375 swing low reopens 1.3368 session low
  • BoE Pill speech Wed 10:30 GMT could shift this read

22:47 UTC

Recovery grind after spike rejection · RSI 61 · price 1.33918

Faded off session spike, retracing higher.

NY session spike to 1.34431 swept above the 200-day SMA at 1.3400 then rejected hard, fading to 1.33679. Thin Asia hours have ground price back to 1.3392, RSI(14) mid-range near 61; the 1.3400 cap remains the pivot.

Support: 1.3375, 1.33679

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 would force short-covering toward the 1.34431 spike high
  • Failure to hold 1.33679 confirms a lower-low
  • UK GDP Thu 06:00 GMT is the next scheduled catalyst

22:47 UTC

Recovering, capped below 1.3400 · RSI 58 · price 1.33918

Consolidation below 200-day sma after failed break.

Cable spiked to 1.34431 on the soft US CPI print, then failed at the 200-day SMA near 1.3400 and pulled back to a session low of 1.33679 — a false break of the cap. Thin late-session flow has price grinding back to 1.3392, holding above rising intraday lows but still pinned under 1.3400.

Support: 1.3375, 1.33679

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 opens the 1.3445 range top
  • Failure to hold 1.3375 confirms a lower-low toward 1.3368
  • US PPI Wed 12:30 GMT and UK GDP Thu 06:00 GMT could reset this range

22:32 UTC

Recovering after spike rejection · RSI 58 · price 1.33933

Ranging below 1.3400 cap, higher lows off 1.3368.

GBPUSD spiked through 1.3400 to a 1.34431 session high on the CPI-driven USD softness, then was rejected straight back below the 200-day SMA cap at 1.3400. Price has since ranged, held the 1.3368 swing low and is grinding back toward 1.339 in thin Asia trade with RSI neutral near 58.

Support: 1.3368, 1.3345

Resistance: 1.3400, 1.3443

What it said to watch

  • M15 close above 1.3400 reopens the 1.3443 session high
  • Failure to hold 1.3368 swing low confirms a lower low
  • US PPI (Wed) and UK GDP (Thu) could materially shift this read

22:31 UTC

Recovering after spike fade · RSI 60 · price 1.33933

False break of 1.3400, grinding back up in Asia.

Mid-window spike tagged 1.34431 as the dollar gave back CPI-day gains, but the move was rejected straight back below the 200-day SMA near 1.3400. Asia session has quietly ground price back to 1.3393 on thin volume, RSI mid-range; 1.3400 remains the pivot.

Support: 1.3372, 1.33679

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 opens the path back to the 1.34431 session high
  • Loss of 1.33679 swing low confirms a lower-low
  • BoE Pill speech and US PPI later today could shift this read

22:16 UTC

Recovering after fade, consolidating · RSI 57 · price 1.33909

Spike rejection at 1.3400, base rebuilding near 1.339.

The soft US CPI print drove a sharp spike above the 200-day SMA to 1.34431, but the move was rejected back below 1.3400 and faded to 1.33679. Price has since based and crept back to 1.339 on thin Asian volume, holding above EMA20/50 but still capped by the 200d SMA at 1.3400.

Support: 1.3375, 1.33679, 1.3350

Resistance: 1.3400, 1.34229, 1.34431

What it said to watch

  • M15 close above 1.3400 (200d sma) reopens the 1.34229–1.34431 spike zone
  • Failure to hold 1.33679 confirms a lower low
  • US PPI (Wed 12:30 GMT) and BoE Pill could shift this read

22:16 UTC

Recovering after CPI spike faded · RSI 59 · price 1.33909

Faded off spike high, grinding back toward 1.3400 cap.

Yesterday's soft US CPI spiked GBPUSD to 1.34431 before sellers rejected it and price faded back into a 1.3375–1.3390 band. Thin Asia trade is now grinding higher toward the 200-day SMA cap at 1.3400; RSI(14) mid-range near 59.

Support: 1.3375, 1.33679

Resistance: 1.3400, 1.34431

What it said to watch

  • Close above 1.3400 opens the path to the 1.34431 spike high
  • Failure to hold 1.3375 reopens 1.33679 session low
  • UK GDP Thu 06:00 GMT and US PPI Wed 12:30 GMT could shift this read

22:02 UTC

Range-bound after 1.3400 rejection · RSI 52 · price 1.33859

False break of 1.3400, back inside range.

London-NY hours spiked to 1.34431 — a false break above the 1.3400 200-day cap on the post-CPI USD unwind — before fading back into a 1.3375–1.3390 range. Now drifting on thin Asia liquidity with RSI(14) neutral near 52; 1.3400 still caps.

Support: 1.3375, 1.33679

Resistance: 1.33917, 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 reopens the 1.34431 spike high
  • Loss of 1.3375 range floor exposes the 1.33679 swing low
  • Warsh testimony Wed 14:00 GMT could shift this read

22:02 UTC

Pullback after spike, now ranging · RSI 54 · price 1.33859

False break of 1.3400 then rejection into range.

The soft US June CPI spiked GBPUSD to 1.34431 before it was rejected back under the 1.3400 200-day SMA cap. Price is now ranging 1.3375–1.3392 in thin late-session trade, ATR compressed to ~7 pips as volume dries up.

Support: 1.3375, 1.3368

Resistance: 1.3392, 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 (200-day sma) opens the 1.3443 spike high
  • Loss of 1.3375 session low exposes the 1.3368 swing low
  • Late-session liquidity thin; small bars distort the read

21:47 UTC

Range after spike fade · RSI 54 · price 1.33866

Consolidating below 200-day SMA cap.

Midday spike swept to 1.34431 above the 200-day SMA near 1.3400 then rejected sharply, fading back to a 1.33679 low as the USD gave back some CPI-day losses. Since then GBPUSD has ranged 1.3368-1.3392 in thin late-session trade, RSI neutral around 54.

Support: 1.33679, 1.3350

Resistance: 1.33918, 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 200-day SMA reopens the 1.34431 spike high
  • Loss of 1.33679 swing low confirms a lower low
  • Liquidity thin into Asia open — moves can overshoot

21:46 UTC

Rallied then faded, now ranging · RSI 53 · price 1.33866

Consolidating below 1.3400 cap after spike rejection.

GBPUSD spiked to 1.34431 on the soft US CPI-driven dollar giveback, then faded straight back below the 200-day SMA near 1.3400. Price has since coiled 1.3368–1.3390 into thin late-session trade, RSI(14) neutral near 53.

Support: 1.33679, 1.3375

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 (200-sma) opens the 1.3445 range top
  • Failure to hold 1.33679 swing low confirms a lower low toward 1.3360
  • BoE Pill and UK GDP later in the week could reset the range

21:32 UTC

Range-bound below 1.3400 cap · RSI 48 · price 1.33828

Spike faded, now ranging 1.3368-1.3391.

GBPUSD spiked to 1.3443 during NY hours as USD gave back CPI-day gains, but the move faded straight back below the 200-day cap at 1.3400. Now ranging 1.3368-1.3391 into thin Asian hours with RSI(14) neutral near 48.

Support: 1.3375, 1.3368

Resistance: 1.3400, 1.3391

What it said to watch

  • M15 close above 1.3400 opens the 1.3443 spike high
  • failure to hold 1.3368 swing low confirms a lower low
  • Warsh testimony Wed / UK GDP Thu could shift this range read

21:17 UTC

Up leg faded, now ranging · RSI 52 · price 1.33792

Consolidation after spike rejection.

A sharp spike swept above the 200-day SMA at 1.3400 to 1.34431 around the NY data window, then rejected hard back below it — a clean false break. Price has since coiled between 1.3375 and the 1.3391 range top into thin Asia-session hours, sitting on the 61.8% retrace of the spike leg near 1.3381.

Support: 1.3375, 1.33679

Resistance: 1.3391, 1.3400, 1.34431

What it said to watch

  • M15 close back above 1.3391 range top reopens the 1.3400 200-sma test
  • Loss of 1.3375 swing low exposes the 1.3368 session low
  • BoE Pill speech and UK GDP later this week could break the range

21:17 UTC

Pullback after spike, now flat · RSI 53 · price 1.33792

False break of 1.3400, consolidating below.

NY session spiked through the 1.3400 200-day SMA to 1.34431 as USD gave back post-CPI gains, but the move was rejected straight back below the level — a false break. Price has since drifted into a tight 1.3375–1.3392 range with RSI neutral near 53 and liquidity thinning after NY close.

Support: 1.3375, 1.3366

Resistance: 1.3392, 1.3400, 1.34431

What it said to watch

  • Reclaim and hold above 1.3400 reopens the 1.34431 spike high
  • Loss of 1.3375 session low exposes 1.3366 swing low
  • BoE Pill (Wed) and UK GDP (Thu) could shift this read

21:02 UTC

Corrective, consolidating below 1.3400 · RSI 56 · price 1.33905

Spike-and-fade, now range-bound near session cap.

GBPUSD spiked to 1.3443 during NY hours then faded straight back below the 200-day SMA at 1.3400, printing a swing low at 1.3368. Price is now grinding back up to ~1.3390 on thin late-session volume, still pinned under the 1.3400 cap.

Support: 1.3368, 1.3375

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 (200d sma) opens the 1.3443 spike high
  • Failure to hold 1.3368 swing low confirms a lower-low
  • Thin late-session liquidity; moves may lack follow-through

21:02 UTC

Recovering after spike rejection · RSI 57 · price 1.33905

Micro-range under 1.3400 cap.

NY hours spiked to 1.34431 — a false break of the 200-day SMA cap at 1.3400 after the soft US CPI — then rejected straight back below it and faded to the 1.3375 session low. Price has since ground back up to 1.339 on thinning Asian-session volume, still pinned under the 1.3400 cap.

Support: 1.3375, 1.33679, 1.3350

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.34000 reopens the 1.34431 spike high
  • Loss of 1.33750 session low exposes the 1.33679 swing low then 1.33500 psych
  • US PPI and Warsh testimony Wed could reprice this range

20:47 UTC

Recovering after spike rejection · RSI 56 · price 1.33886

Consolidation under 1.3400 after false break.

A sharp spike through the 1.3400 200-day SMA to 1.34431 around 12:30 UTC was rejected, price fading back through the NY session into a 1.3368–1.3391 range as the USD stabilised off CPI-day lows. Now consolidating near 1.3389 with RSI(14) mid-range; the pre-spike range top around 1.3391 is capping.

Support: 1.3375, 1.3368

Resistance: 1.3391, 1.3400, 1.3443

What it said to watch

  • M15 close above 1.33910 then 1.34000 reopens the spike high
  • Failure to hold 1.33750 exposes the 1.33680 session low
  • UK GDP Thu 06:00 GMT could shift this read

20:47 UTC

Recovering after spike rejection, now flat · RSI 54 · price 1.33886

Consolidation below 1.3400 after false break of range top.

A sharp spike to 1.34431 mid-window was rejected hard back below the 200-day SMA at 1.3400, and price has since ground into a tight 1.3368–1.3392 consolidation through late NY into Asia. RSI(14) sits neutral near 54, ATR around 21 pips after the earlier volatility drained out.

Support: 1.33679, 1.3375

Resistance: 1.33918, 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 (200-day sma) reopens the 1.34431 spike high
  • Loss of 1.33679 session low confirms a lower low
  • UK GDP and BoE Pill later this week are the next catalysts to shift this read

20:32 UTC

Recovery after spike fade, momentum flat · RSI 54 · price 1.33875

Post-spike consolidation below 1.3400.

NY session spiked to 1.34431 then was rejected straight back under the 200-day SMA at 1.3400, fading to a 1.33679 session low as the USD CPI-day unwind stalled. Price has since crept back to ~1.3388 and is consolidating with volume thinning into the Asia handover; RSI mid-range, no fresh momentum.

Support: 1.3375, 1.33679

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 (200-day sma) reopens the 1.34431 spike high
  • Loss of 1.3375 confirms a lower low toward the 1.33679 session low
  • UK GDP Thu 06:00 GMT could reset the range read

20:31 UTC

Pullback stabilising after spike rejection · RSI 53 · price 1.33875

Consolidating below 1.3400 after failed break.

Sharp spike to 1.34431 around 12:30 UTC on USD softness was rejected hard back below the 1.3400 200-day SMA cap. Price has since consolidated 1.3368–1.3392 through late NY, now sitting at 1.33875 with RSI(14) neutral near 53.

Support: 1.3375, 1.3368, 1.3350

Resistance: 1.3392, 1.3400, 1.3443

What it said to watch

  • M15 close above 1.3400 200-day SMA reopens the 1.3443 spike high
  • Loss of 1.3368 session low confirms lower-low and exposes 1.3350
  • UK GDP Thu 06:00 GMT is the next scheduled catalyst

20:17 UTC

Range-bound below 200-dma, spike faded · RSI 54 · price 1.33883

Consolidation after false break of 1.3400.

Cable spiked to 1.34431 sweeping above the 200-dma at 1.3400 on soft US CPI repricing, then was rejected straight back below — a false break. Price has since based around the 1.3375 prior low and is now grinding back toward 1.33883 with RSI neutral; Bailey's comments barely shifted the tape.

Support: 1.3375, 1.33679

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 (200-dma) would open the path back to the 1.34431 spike high
  • Failure to hold the 1.3375 prior low exposes the 1.33679 swing low

20:16 UTC

Recovering after CPI spike faded · RSI 57 · price 1.33883

Consolidating below 1.3400 cap after sweep and fade.

The soft US CPI print spiked Cable to 1.3443, sweeping above the 200-day SMA before fading back to 1.3368. Price has since recovered to ~1.3388 and is consolidating just below the 1.3400 SMA cap, which has repeatedly rejected recovery attempts.

Support: 1.3375, 1.33679

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 opens the path to the 1.3443 spike high
  • Failure to hold 1.3375 range base risks a retest of 1.33679 swing low

20:01 UTC

Spike then consolidation below 1.3400 · RSI 52 · price 1.33867

Range-bound after CPI spike faded.

Soft US CPI (headline -0.4%) spiked Cable to 1.34431 at the 12:30 UTC print, but the move was rejected below the 200-day SMA near 1.3400 and unwound. Price has since consolidated 1.3368–1.3390 into the late NY session, holding above the swing low with RSI back at neutral.

Support: 1.3375, 1.33679

Resistance: 1.3400, 1.34431

What it said to watch

  • Bailey speech at 20:00 UTC could shift this read
  • M15 close above 1.3400 opens the path to the 1.34431 spike high
  • Loss of 1.33679 swing low confirms a lower-low

20:01 UTC

Range, spike faded · RSI 53 · price 1.33867

False break above 1.3400, back in range.

Soft US CPI spiked Cable to 1.34431, sweeping the 200-day SMA cap at 1.3400, then the move fully reversed back into range. Price is now consolidating near 1.3387 after buyers held 1.3368; RSI(14) neutral around 53.

Support: 1.3368, 1.3375

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 reopens the 1.34431 cpi spike hi
  • Loss of 1.3368 swing low confirms a lower low
  • Bailey speech (20:00 UTC) could shift this read

19:47 UTC

Recovering within range, below 1.3400 cap · RSI 57 · price 1.33889

Post-spike fade, higher lows off session low.

The soft US CPI miss spiked Cable to 1.34431, sweeping above the 1.3400 200-day SMA cap before fading straight back into range. Price recovered off the 1.33679 session low and sits at 1.33889, still capped below 1.3400 with RSI(14) mid-range.

Support: 1.33679, 1.3375

Resistance: 1.3400, 1.34431

What it said to watch

  • BoE Gov Bailey speech at 20:00 UTC could materially shift this read
  • M15 close above 1.3400 reopens the 1.34431 spike high
  • Failure to hold 1.33679 confirms a lower low

19:46 UTC

Recovering off session low, capped sub-1.3400 · RSI 55 · price 1.33889

Faded from CPI spike, grinding back into range.

NY session saw a soft US CPI print spike Cable to 1.34431, but the move was rejected at the 200-dma near 1.3400 and faded to a 1.3368 session low. Price has since ground back to 1.3389, holding above EMA20/50 with RSI(14) neutral around 55.

Support: 1.3368, 1.3375, 1.3350

Resistance: 1.3400, 1.3443

What it said to watch

  • Bailey speech at 20:00 UTC could materially shift this read
  • M15 close above 1.3400 opens the path back to 1.3443
  • Failure to hold 1.3368 confirms a lower low

19:32 UTC

Recovering, consolidating below 1.3400 · RSI 57 · price 1.33857

CPI spike to 1.3443 rejected, now ranging 1.3368-1.3390.

The soft US CPI print drove a spike to 1.34431, but price was rejected above the 200-day SMA near 1.3400 and gave back most of the move. Cable now consolidates in the 1.3368-1.3390 zone, RSI mid-range near 57, holding just above EMA20.

Support: 1.33679, 1.3352

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close back above 1.3400 reopens the 1.3443 CPI high
  • Loss of 1.33679 confirms a lower-low back toward 1.3352
  • BoE Gov Bailey speech at 20:00 UTC (~30m out) could shift this read

19:17 UTC

Spike faded, now ranging · RSI 51 · price 1.33849

False break of 1.3400, consolidating below.

The soft US CPI print at 12:30 UTC spiked Cable to 1.34431 but it was immediately rejected at the 200-day SMA near 1.3400 and faded the entire move. Price now consolidates 1.3375–1.3390 with RSI(14) neutral around 51; the spike high stands as a clear false break.

Support: 1.3375, 1.33679

Resistance: 1.3392, 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 needed to reopen the 1.3445 spike high
  • Loss of 1.3368 swing low confirms a lower low
  • BoE Bailey speech 20:00 UTC could shift this read

19:17 UTC

Spiked then faded, now consolidating · RSI 51 · price 1.33849

Post-spike range below 200-day sma.

The 12:30 GMT US CPI miss spiked Cable to 1.34431 before a sharp reversal capped by the 200-day SMA near 1.3400. Price has since faded into a 1.3368–1.3390 range; RSI(14) back to neutral near 51 after the impulse cooled.

Support: 1.33679, 1.3375

Resistance: 1.3400, 1.34431

What it said to watch

  • BoE Gov Bailey speech ~20:00 UTC could shift this read
  • Close above 1.3400 reopens the 1.3443 spike high
  • Failure to hold 1.3368 confirms a lower low

19:02 UTC

Faded higher, now flat · RSI 46 · price 1.3383

CPI spike fully retraced, ranging near 1.3380.

The soft US June CPI at 12:30 UTC spiked Cable to 1.34431 but the move was a false break of the 200-day cap near 1.3400 — price has since bled back to 1.3383, unwinding the entire pop. Now ranging in the low 1.3380s with RSI(14) neutral and ATR cooled to ~10 pips.

Support: 1.3375, 1.3368

Resistance: 1.3400, 1.3443

What it said to watch

  • M15 close above 1.3400 (200-day) reopens the path to the 1.3443 cpi high
  • Failure to hold 1.3375 exposes the 1.3368 session low
  • BoE Bailey ~20:00 UTC could shift this read in the next bar or two

19:02 UTC

Post-spike fade, now flat · RSI 48 · price 1.3383

Spike fully retraced, consolidating.

The 12:30 UTC US CPI miss spiked Cable to 1.3443 but the move fully unwound, rejected under the 200-dma near 1.3400. Price is back to 1.3383, consolidating 1.3368–1.3385 into late NY hours after London close.

Support: 1.3368, 1.3350, 1.3320

Resistance: 1.3400, 1.3443

What it said to watch

  • Reclaim of 1.3400 (200-dma) reopens the 1.3443 spike high
  • Loss of 1.3368 swing low confirms a lower-low continuation

18:47 UTC

Downtrend after CPI spike fully faded · RSI 46 · price 1.33747

Lower highs below 1.3400 cap, holding session low.

The US CPI miss spiked Cable to 1.34431 before a complete fade back below the 200-day SMA cap near 1.3400. Price is now grinding out lower highs into late NY, holding above the 1.3368 session low, with RSI(14) mid-range near 46 and ATR(14) around 10 pips.

Support: 1.3368, 1.3332

Resistance: 1.3384, 1.3392, 1.3400

What it said to watch

  • M15 close above 1.3400 opens the path back to the 1.3445 range top
  • Failure to hold 1.3368 exposes the 1.3332 range base
  • BoE Bailey speech at 20:00 UTC could materially shift this read

18:46 UTC

Faded from spike, now sideways · RSI 45 · price 1.33747

Range after rejection below 1.3400.

Cable spiked to 1.3443 on the soft US CPI print then fully unwound, rejected at the 200-day SMA near 1.3400. Now ranging 1.3368–1.3390 with price below EMA20/50 and RSI mid-range; no directional setup in play.

Support: 1.3368, 1.3375

Resistance: 1.3390, 1.3400, 1.3443

What it said to watch

  • Bailey speech 20:00 UTC could shift this read
  • Close above 1.3390 reopens the 200-dma near 1.3400
  • Loss of 1.3368 confirms a lower-low

18:31 UTC

Pulled back from spike high, consolidating · RSI 48 · price 1.33819

False break above 1.3400, fade into range.

Soft US CPI at 12:30 UTC spiked cable to 1.3443, but the move was rejected above the 200-day SMA at 1.3400 and faded back to a 1.3368 session low. Price now consolidates around 1.3382 in the lower half of the post-spike range, capped below 1.3400.

Support: 1.33679, 1.33422

Resistance: 1.3400, 1.34431

What it said to watch

  • BoE Gov Bailey speech 20:00 UTC could shift this read
  • M15 close above 1.3400 reopens the path to 1.3443
  • Failure to hold 1.3368 confirms a lower-low

18:31 UTC

Spike faded, now consolidating · RSI 45 · price 1.33819

Pullback into range after CPI spike rejected below 1.3400.

Soft US CPI drove a spike to 1.34431, but the move was rejected at the 200-day SMA near 1.3400 and fully faded back to 1.3380. Price now consolidating in the upper half of the range, with sellers capping into 1.3392 and buyers defending the 1.3375 session low.

Support: 1.3375, 1.33679

Resistance: 1.3392, 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 200-day sma opens the path toward 1.3445
  • Failure to hold 1.3375 exposes the 1.3368 swing low
  • BoE Bailey speech 20:00 UTC could shift this read

18:17 UTC

Range, pulling back after CPI spike · RSI 48 · price 1.33838

Spike high faded into range, now mid-recovery.

Soft US CPI spiked cable to 1.34431 before it was rejected at the 200-day SMA near 1.3400 and faded back through the NY session to 1.3375. Price is now grinding back to 1.3384, sitting around the 62% retrace of the CPI leg with RSI(14) neutral near 48.

Support: 1.3375, 1.33679, 1.3320

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 (200-day SMA) opens the path back toward the 1.34431 CPI high
  • Failure to hold 1.3367 confirms a lower low
  • BoE Bailey speech 20:00 UTC could materially shift this read

18:17 UTC

Range-bound, momentum flat after CPI spike faded · RSI 49 · price 1.33838

False break above 1.3400, back in range.

Soft US CPI around 15:30 broker time spiked cable to 1.34431 before it was rejected back below the 200-day SMA at 1.3400 — a false break of the range cap. Price now consolidates near 1.3384 after basing at the 1.33680 session low, RSI(14) neutral around 49.

Support: 1.3368, 1.3375

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 reopens the path toward the 1.34431 cpi high
  • Failure to hold the 1.33680 session low confirms a lower low
  • BoE Bailey speech at 20:00 UTC could materially shift this read

18:02 UTC

Downtrend since CPI spike, fading · RSI 41 · price 1.33775

Lower highs off 1.3443, near session lows.

The soft US CPI print at 12:30 UTC spiked cable to 1.34431 before it was rejected at the 200-day SMA near 1.3400 and faded through NY hours to a session low at 1.33679. Price now sits around 1.3378, printing lower highs beneath the 200-day cap with RSI(14) mid-40s.

Support: 1.33679, 1.3353

Resistance: 1.3400, 1.34431

What it said to watch

  • Reclaim of 1.3400 (200-day sma) invalidates the fade read and opens 1.34431
  • M15 close below 1.33679 confirms a lower low toward 1.33530
  • BoE Bailey speech ~20:00 UTC could shift this read

18:01 UTC

Faded off CPI spike, drifting lower · RSI 43 · price 1.33775

Spike above range then fade back to session lows.

The soft US CPI print spiked cable to 1.3443 (13:30 window) before it was rejected and faded through the NY session back to 1.3377 at the session low. The 200-day SMA cap near 1.3400 held on retest; price has now retraced most of the CPI spike.

Support: 1.3367, 1.3342

Resistance: 1.3400, 1.34431

What it said to watch

  • BoE Bailey speech at 20:00 UTC could shift this read
  • Close below 1.3367 confirms a lower low
  • Reclaim of the 200d sma at 1.3400 needed to reopen 1.3443

17:47 UTC

Faded higher after CPI spike, now consolidating · RSI 44 · price 1.33797

False break of 1.3400, lower highs since.

Soft US CPI spiked cable to 1.34431 at the 12:30 UTC print, sweeping the 200-day SMA cap at 1.3400, then it was rejected straight back below into the NY afternoon. Price carved a session low at 1.33679 and is now consolidating near 1.3380, holding under a series of post-spike lower highs.

Support: 1.3375, 1.33679

Resistance: 1.3400, 1.34229, 1.34431

What it said to watch

  • M15 close back above 1.34000 reopens the 1.34431 spike high
  • Failure to hold 1.33679 confirms a lower low
  • BoE Gov Bailey speech 20:00 UTC could shift this read

17:47 UTC

Fading after CPI spike, near session lows · RSI 36 · price 1.33797

Spike to 1.3443 rejected, lower highs since.

The soft US CPI print spiked cable to 1.34431 before the move faded hard, rejected at the 200-day SMA near 1.3400. Price has since carved lower highs back toward the 1.3368 session low, RSI(14) cooling to the mid-30s with both EMAs now overhead.

Support: 1.3375, 1.33679, 1.3360

Resistance: 1.33918, 1.3400, 1.34431

What it said to watch

  • Failure to hold 1.33679 opens the 1.3360 range floor
  • M15 close back above 1.3400 reopens the path to the 1.34431 spike high
  • BoE's Bailey speech 20:00 UTC could shift this read

17:32 UTC

Faded CPI spike, rolling over · RSI 41 · price 1.33773

False break of 1.3400 then full fade lower.

Cable spiked to 1.34431 on the soft US CPI print (12:30 UTC) but was rejected at the 200-day SMA near 1.3400 and has faded the entire move through NY, now sitting at 1.33773 below both EMAs. Session lows at 1.33679 held on the latest dip with RSI(14) around 41.

Support: 1.3375, 1.33679

Resistance: 1.3400, 1.34431

What it said to watch

  • Reclaim of 1.3400 needed to re-open the spike high at 1.34431
  • Loss of 1.33679 confirms a lower low into the range floor
  • BoE Gov Bailey speech 20:00 UTC could shift this read

17:31 UTC

Downtrend after spike fade · RSI 43 · price 1.33773

False break of 1.3400, lower highs.

NY session spiked to 1.34431 on the soft US CPI print, but the entire move faded back to 1.3377 — a false break of the 200-day SMA cap at 1.3400. RSI cooled to the low-40s and price is back below EMA20/50, printing lower highs off the spike.

Support: 1.33679, 1.3320

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close back above 1.3400 200-day sma reasserts the break toward the 1.34431 spike high
  • Loss of 1.33679 session low opens the path toward the 1.3320 range floor
  • BoE Gov Bailey speech 20:00 UTC could shift this read

17:17 UTC

Spike faded, back to range lows · RSI 43 · price 1.33715

CPI spike fully unwound, price at session lows.

The soft US CPI at 12:30 UTC spiked cable to 1.34431, but the pop was fully unwound as USD haven flow returned, leaving price back at session lows near 1.3372 with the 200-dma cap at 1.3400 unbroken. RSI(14) has cooled to the mid-40s after the spike; the move above 1.3400 has proven a false break.

Support: 1.3370, 1.3320

Resistance: 1.3400, 1.34431

What it said to watch

  • Bailey speech 20:00 UTC could materially shift this read
  • Close above 1.3400 (200-dma cap) reopens the path to 1.3443
  • Failure to hold 1.3370 session low exposes 1.3320 range floor

17:17 UTC

Fading after CPI spike · RSI 41 · price 1.33715

Rejected at 1.3400, lower highs into NY afternoon.

Soft US CPI at 12:30 UTC spiked cable to 1.34431, a false break of the 200-day SMA cap near 1.3400 that was rejected within the hour. Price has faded through the NY session back to 1.33715, printing lower highs and holding below EMA20/50 with RSI cooling into the low 40s.

Support: 1.33714, 1.3366

Resistance: 1.33918, 1.3400

What it said to watch

  • Loss of 1.33714 exposes the 1.3360 area
  • Reclaim of 1.3400 reopens the 200-day SMA break toward 1.3445
  • BoE Bailey speech 20:00 UTC could shift the read

17:01 UTC

Pullback after spike, consolidating · RSI 49 · price 1.3389

Rejected at 1.3400, holding above session low.

Soft US June CPI spiked cable to 1.3443 before it was rejected at the 200-day SMA near 1.3400 and faded back into the low 1.338s. Price now consolidates in a 1.3375–1.3392 band below the cap, RSI(14) back near neutral.

Support: 1.33754, 1.33823

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 (200d sma) opens the path to 1.3445
  • Loss of 1.3375 session low confirms a lower-low
  • BoE's Bailey speech 20:00 UTC could shift this read

16:47 UTC

Spike faded, back in range · RSI 44 · price 1.33875

False break above 1.3400, retraced to pre-spike area.

Soft US CPI at 12:30 UTC spiked cable to 1.34431 before it was rejected at the 200-day SMA near 1.3400 and faded all the way back to 1.3388. Price now sits mid-range, below the 1.3400 cap with the entire CPI spike retraced.

Support: 1.33754, 1.33513

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close above 1.3400 reopens the 1.34431 spike high
  • Failure to hold 1.33754 confirms a lower-low back toward 1.3352
  • BoE Bailey speech 20:00 UTC could shift this read

16:46 UTC

Post-spike fade, momentum cooling · RSI 47 · price 1.33875

Rejected at 1.3400, pulling back off CPI high.

Soft US CPI at 12:30 UTC spiked cable to 1.3443 before it faded back below the 200-day SMA at 1.3400, now sitting at 1.3388. The 1.3375 pivot held on the last NY dip, keeping price mid-range after the rejection.

Support: 1.3375, 1.3352

Resistance: 1.3400, 1.3443

What it said to watch

  • M15 close above 1.3400 reopens the 1.3443 spike high
  • Failure to hold 1.3375 confirms a lower low
  • BoE Bailey speech at 20:00 UTC could shift this read

16:32 UTC

Range, rejected at 200-sma · RSI 48 · price 1.33883

Spike above range, reversed back inside.

The soft US CPI print spiked cable through the 200-sma cap at 1.3400 to a session high of 1.3443, but the move was swept and reversed straight back inside the range. Price now sits ~1.3388 with RSI(14) cooled to neutral, and 1.3400 has since acted as resistance on the retest.

Support: 1.3375, 1.3354

Resistance: 1.3400, 1.3443

What it said to watch

  • M15 close back above 1.3400 (200-sma) reopens the 1.3443 spike high
  • Failure to hold 1.3375 exposes 1.3354 swing low
  • BoE Bailey speech ~20:00 UTC could shift this read

16:31 UTC

Spike faded, back to range mid · RSI 46 · price 1.33883

False break above 1.3400, drifting lower.

Soft US June CPI drove a spike to 1.3443, but cable was rejected back below the 200-day cap at 1.3400 and has since faded to 1.3388. Price now sits mid-range with RSI(14) neutral near 46 after the reversal.

Support: 1.3375, 1.3354

Resistance: 1.3400, 1.3443

What it said to watch

  • M15 close back above 1.3400 reopens the 1.3443 spike high
  • Failure to hold 1.3375 confirms a lower-low toward 1.3354
  • BoE Bailey speech at 20:00 UTC could shift this read

16:17 UTC

Spike faded, drifting lower · RSI 44 · price 1.33818

CPI spike fully retraced, lower highs into NY afternoon.

Soft US CPI at 12:30 UTC spiked cable to 1.34431 but the move was rejected above the 200-day SMA near 1.3400 and has fully retraced into the NY afternoon, now 1.3382. RSI(14) cooling near 43 as price presses the session low at 1.3375, printing lower highs off the spike.

Support: 1.33754, 1.3352

Resistance: 1.3400, 1.34431

What it said to watch

  • Loss of 1.3375 session low confirms a lower low; next support is the 1.3352 swing low
  • Reclaim of the 1.3400 200-day SMA reopens the 1.34431 session high
  • BoE Gov Bailey speech at 20:00 UTC could materially shift this read

16:16 UTC

Spike higher fully faded, momentum down · RSI 44 · price 1.33818

False break above 1.3400 then reversal to session lows.

The soft US June CPI print spiked cable to 1.34431 during NY hours, sweeping above the 200-day cap at 1.3400 before the move fully reversed back under it. Price now retests session lows near 1.3375, RSI(14) cooling into the mid-40s after the failed break.

Support: 1.33754, 1.33422, 1.3320

Resistance: 1.3400, 1.34431

What it said to watch

  • M15 close back above 1.3400 reopens the 1.34431 spike high
  • Failure to hold 1.3375 confirms a lower low toward the 1.3332 range floor
  • BoE's Bailey speech 20:00 UTC could materially shift this read

16:02 UTC

Spike faded, pulling back · RSI 44 · price 1.33823

Post-CPI blowoff retracing to pre-spike zone.

The soft US CPI print at 12:30 UTC spiked GBPUSD to 1.34431, but the entire move has since faded back below the 200-dma cap at 1.3400 to 1.3382. Price is now retracing into the pre-spike zone with RSI(14) back near 44, and the session low at 1.33796 is the nearest floor.

Support: 1.33796, 1.3375, 1.3350

Resistance: 1.3400, 1.3423, 1.34431

What it said to watch

  • Failure to hold 1.33796 confirms the spike as a false break and opens 1.3375
  • Reclaim of 1.3400 reopens the 1.3423 / 1.34431 CPI highs
  • Bailey speech 20:00 GMT could materially shift this read

16:02 UTC

Downtrend, retracing CPI spike · RSI 39 · price 1.33823

Spike high faded, lower highs into 1.338.

The soft US CPI print spiked GBPUSD to a 1.34431 session high at the NY open, but price has bled back to 1.33823, unwinding the entire move and getting rejected below the 1.3400 handle. Lower highs since the spike with RSI(14) cooling near 39; the 1.33796 swing low is now the pivot.

Support: 1.33796, 1.33686

Resistance: 1.3400, 1.34229, 1.34431

What it said to watch

  • Loss of 1.33796 confirms a lower low, opening 1.33686
  • M15 close back above 1.34000 reopens the 1.34229 lower high
  • Bailey speech 20:00 GMT (~4h) could materially shift this read

15:47 UTC

Up-spike faded, momentum rolling over · RSI 47 · price 1.33878

False break above 1.3400, retrace to origin.

The soft US CPI miss spiked GBPUSD to a session high of 1.3443, but the move faded straight back below the 200-day cap at 1.3400 — a false break. Price has since retraced to the 1.3388 breakout origin with RSI(14) cooling toward the midline.

Support: 1.33823, 1.3350

Resistance: 1.3400, 1.34431

What it said to watch

  • A 15m close back above the 200-day cap at 1.3400 reopens the 1.3443 session high
  • Loss of the 1.3382 session low exposes the 1.3350 swing low
  • Bailey speech (20:00 GMT) could materially shift this read

15:47 UTC

Spike up on CPI, now retraced · RSI 49 · price 1.33878

False break of 1.3400 cap, back inside range.

GBPUSD spiked to a session high of 1.3443 on the soft US CPI miss, then was rejected below the 200-day SMA at 1.3400 and has retraced almost the entire move, printing back at the recent low near 1.3382. RSI(14) has cooled to the mid-40s as the pair gave back the CPI pop; price now sits below both EMAs after the failed break.

Support: 1.3382, 1.3374

Resistance: 1.3400, 1.3423, 1.34431

What it said to watch

  • reclaim of 1.3400 (200-day sma) reopens the 1.3443 session high
  • failure to hold 1.3382 recent low exposes the 1.3374 pre-spike pivot
  • Bailey speech 20:00 GMT could materially shift this read

15:31 UTC

Uptrend, momentum fading post-spike · RSI 52 · price 1.33958

Post-breakout consolidation drifting lower.

GBPUSD spiked to 1.3443 on the 12:30 UTC US CPI miss, clearing the 200-day SMA cap at 1.3400 before stalling. Price has since consolidated 1.3394-1.3423 and is now slipping back to test the 200-sma and session low as momentum fades; RSI(14) has cooled to mid-range.

Support: 1.3394, 1.3388, 1.3380

Resistance: 1.3400, 1.3423, 1.3443

What it said to watch

  • M15 close below 1.3394 negates the breakout and reopens 1.3388
  • Reclaim above 1.3423 re-targets the 1.3443 cpi high
  • BoE Bailey speech 20:00 GMT could reshape this read

15:31 UTC

Uptrend post-CPI, momentum cooling · RSI 53 · price 1.33958

Consolidating below spike high after breakout.

The soft US CPI print at 12:30 UTC spiked GBPUSD from 1.3388 to 1.3443, a clean breakout above the 200-day SMA at 1.3400. Price has since drifted back to consolidate around 1.3398, now testing the underside of that 1.3400 handle as short-term momentum cools.

Support: 1.3398, 1.3380, 1.3352

Resistance: 1.3400, 1.3423, 1.3443

What it said to watch

  • Sustained close below 1.3398 puts the 1.3380 breakout base back in play
  • Reclaim of 1.3423 reopens the 1.3443 spike high
  • Bailey speech 20:00 GMT could materially shift this read

15:16 UTC

Uptrend, momentum cooling · RSI 59 · price 1.34066

Post-breakout consolidation above 1.3400.

The soft US June CPI print around 12:30 UTC drove a sharp GBPUSD spike through the 1.3400 200-day cap to 1.34431. Price has since consolidated in the 1.3400-1.3423 band with RSI(14) cooling off its post-spike extreme; the broken 200-dma is now acting as intraday support.

Support: 1.3400, 1.33964

Resistance: 1.34229, 1.34431

What it said to watch

  • M15 close back below 1.3400 negates the CPI breakout and reopens 1.33964
  • Reclaim of 1.34229 puts the 1.34431 CPI high back in range
  • BoE Bailey speech 20:00 GMT could reprice this read

15:16 UTC

Uptrend after breakout, momentum cooling · RSI 59 · price 1.34066

Consolidating above breakout level post-spike.

GBPUSD ripped through the 1.3400 200-sma cap on the soft US CPI miss, spiking to 1.34431 during NY hours before settling into a tight consolidation around 1.3407. Price is holding above the prior 1.3400 ceiling, now acting as a floor, with RSI cooling from post-spike highs.

Support: 1.3400, 1.33845, 1.33802

Resistance: 1.3423, 1.34431

What it said to watch

  • M15 close back below 1.3400 would flip the breakout to a false break
  • BoE Bailey speech 20:00 GMT could materially shift this read
  • Reclaim of 1.34230 reopens the 1.34431 spike high

15:01 UTC

Intraday up, momentum cooling · RSI 57 · price 1.34033

Post-spike consolidation above 1.3400.

Soft US CPI at 12:30 UTC spiked GBPUSD ~60 pips through the round 1.3400 level to tag 1.34431, then price faded back and has been consolidating between the session low near 1.33964 and 1.34229. RSI(14) has cooled to the mid-50s off the post-print highs; ATR is inflated to ~165 pips by the CPI candle.

Support: 1.3400, 1.33964

Resistance: 1.34229, 1.34431

What it said to watch

  • A 15m close back above 1.34229 reopens the 1.34431 spike high
  • Failure to hold the round 1.3400 exposes the 1.33964 session low
  • Fed speakers this afternoon and BoE Bailey 20:00 UTC could reshape this read

15:01 UTC

Uptrend post-CPI, momentum cooling · RSI 61 · price 1.34033

Spike breakout, now consolidating above 1.3400.

GBPUSD ripped to 1.34431 on the soft June US CPI print (core MoM 0% vs 0.2%), then faded into NY hours to consolidate above the 1.3400 200-day EMA pivot. RSI(14) cooling from post-spike highs; buyers holding the 1.33964 swing low, spike high untested since.

Support: 1.3400, 1.33964, 1.33802

Resistance: 1.34229, 1.34431

What it said to watch

  • Sustained M15 close below 1.34000 (200-ema) opens 1.33802
  • Break above 1.34229 puts the 1.34431 spike high back in play
  • BoE Bailey 20:00 UTC and ongoing Fed speakers could shift the read

14:46 UTC

Uptrend, momentum cooling post-spike · RSI 62 · price 1.34115

Broke above range, consolidating above 1.3400.

GBPUSD spiked from 1.3388 to a 1.34431 session high on the soft US CPI print at 12:30 UTC, then pulled back to consolidate above the 1.3400 pivot. RSI(14) has cooled from its post-spike peak; the 1.3399 post-spike low is holding while 1.34229 caps the bounce.

Support: 1.3399, 1.3388

Resistance: 1.34229, 1.34431

What it said to watch

  • Loss of the 1.3399 post-spike low reopens the 1.3388 pre-spike zone
  • M15 close above 1.34229 swing high puts the 1.34431 session high back in play
  • BoE Bailey 20:00 UTC and afternoon Fed speakers could reshape this read

14:46 UTC

Uptrend after impulse, momentum cooling · RSI 61 · price 1.34115

Breakout above range, holding higher.

GBPUSD ripped from the low-1.338s to a session high of 1.34431 on the NY-session soft US June CPI print, then settled back toward 1.3410. Pullback held the 1.3399 base and the pair is retesting into the 1.3420 area; RSI(14) around 61, cooled from post-spike hot readings.

Support: 1.33989, 1.3388, 1.33724

Resistance: 1.34229, 1.34431

What it said to watch

  • M15 close back below 1.33989 negates the breakout and reopens the 1.3388 base
  • Retest of the 1.34431 session high — area to watch for rejection or extension
  • BoE Bailey 20:00 UTC and afternoon Fed speakers could materially shift this read

14:31 UTC

Uptrend, momentum cooling after spike · RSI 55 · price 1.33971

Breakout from range, now retesting.

GBPUSD spiked to 1.34431 on the soft US June CPI print, then unwound most of the impulse back to 1.33971 in NY hours. Breakout base at 1.3388 remains intact while price consolidates just under the 1.3400 round number; session floor holding near 1.3398.

Support: 1.3398, 1.3388, 1.3358

Resistance: 1.3400, 1.34229, 1.34431

What it said to watch

  • M15 close below 1.3388 negates the CPI breakout and reopens 1.3358
  • Reclaim of 1.3400 puts the 1.3423/1.3443 spike zone back in view
  • BoE Bailey 20:00 UTC and Fed speakers this afternoon could reset this read

14:31 UTC

Impulsive up, pulling back · RSI 57 · price 1.33971

Post-breakout retrace below 1.3400 pivot.

NY session spiked to 1.34431 on the soft US CPI miss, then faded back under the 1.3400 200-day EMA pivot to 1.3397. Sharp reversal off the session high leaves price mid-move, RSI(14) cooling from overbought.

Support: 1.3390, 1.3380, 1.3345

Resistance: 1.3400, 1.34229, 1.34431

What it said to watch

  • Close back below 1.3390 reopens 1.3380 and the 1.3345 range floor
  • Reclaim of 1.3400 pivot puts 1.34229 back in view
  • BoE Bailey 20:00 UTC and afternoon Fed speakers could materially shift this read

14:16 UTC

Sharp breakout, momentum cooling · RSI 65 · price 1.34113

Range break above 1.3400, now consolidating below spike high.

GBPUSD ripped through the 1.3400 200-day EMA handle into a 1.34431 spike as the soft US CPI print gutted the USD haven bid during NY hours. Price has since drifted back to 1.34113 and is consolidating in the upper third of the move; RSI(14) cooling from stretched levels.

Support: 1.3400, 1.3388

Resistance: 1.34431, 1.3445

What it said to watch

  • Failure to hold 1.3400 reopens the pre-break zone toward 1.33880
  • Rejection at 1.3445 range cap keeps the prior 1.3320-1.3445 band intact
  • BoE Bailey speech 20:00 GMT could materially shift this read

14:16 UTC

Uptrend, momentum cooling · RSI 66 · price 1.34113

Breakout above 1.3400, now consolidating.

GBPUSD spiked through the 1.3400 handle on the soft US CPI print, tagging 1.34431 before fading. Price is now consolidating around 1.3410-1.3420 with RSI(14) cooling from the spike, the 200-day EMA/1.3400 area flipped to support just below.

Support: 1.3400, 1.33979, 1.3388

Resistance: 1.34229, 1.34431, 1.3445

What it said to watch

  • Hold above 1.3400 keeps the breakout intact; a close back below negates it
  • Reclaim of 1.34229 reopens the 1.34431 spike high
  • BoE Bailey speech 20:00 GMT could shift this read

14:01 UTC

Sharp leg up, momentum cooling · RSI 68 · price 1.34147

Breakout above 1.3400, consolidating the CPI spike.

GBPUSD ripped through the 1.3400 handle to 1.34431 on the soft US June CPI print, then pulled back and is now consolidating around 1.3415 above the breakout level, RSI(14) cooling from the spike. The 1.3400 psych level is now acting as a floor while price digests the move.

Support: 1.3400, 1.3380

Resistance: 1.34186, 1.34431, 1.3445

What it said to watch

  • M15 close back below 1.3400 negates the breakout and reopens the prior range
  • Reclaim of 1.34186 puts the 1.34431 spike high back in play
  • Fed's Warsh testimony (14:00 UTC) and BoE Bailey (20:00 GMT) could materially shift this read

14:01 UTC

Uptrend, post-spike consolidation · RSI 64 · price 1.34147

Breakout above 1.3400, holding gains.

GBPUSD ripped through the 1.3400 200-day EMA to 1.3443 on the soft US CPI miss during NY hours, then pulled back and is now consolidating around 1.3415 above the breakout level. RSI(14) cooling from the spike high but still constructive; ATR is elevated near 144 pips after the CPI candle.

Support: 1.3400, 1.33845, 1.33524

Resistance: 1.34186, 1.34431

What it said to watch

  • Hold above 1.3400 keeps the breakout intact; loss of it reopens 1.33845
  • Close above 1.34186 session high challenges the 1.34431 spike high
  • BoE Bailey speech at 20:00 GMT could shift this read

13:46 UTC

Uptrend, post-spike consolidation · RSI 63 · price 1.34155

Breakout above 1.3400, holding higher lows.

Soft US CPI at 13:30 UTC drove GBPUSD through the 1.3400 psych handle in one bar to a 1.34431 spike high, RSI hot then cooling. Price has since consolidated above 1.3400 with rising pullback lows near 1.33979 and is pressing back toward the session high at 1.3419.

Support: 1.3400, 1.33979, 1.3388

Resistance: 1.3419, 1.34431

What it said to watch

  • Warsh testimony (14:00 UTC) is imminent and could shift the USD read
  • M15 close back below 1.3400 psych negates the CPI breakout
  • Break above 1.3419 session high reopens the 1.34431 spike high
  • BoE Bailey 20:00 GMT could support GBP into the close

13:46 UTC

Impulsive leg up, consolidating · RSI 68 · price 1.34155

Breakout above 1.3400, holding gains.

NY session ripped through the 1.3400 handle after the soft US CPI print, spiking to 1.34431 before settling into a tight consolidation near 1.3415. Price is holding above the prior 1.3320–1.3445 range cap, RSI(14) cooling from the spike but still firm.

Support: 1.3400, 1.33979, 1.33845

Resistance: 1.34431, 1.3445

What it said to watch

  • Loss of 1.3400 back into the range invalidates the breakout read
  • A close above 1.34431 opens the path to the 1.3445 range cap
  • BoE Bailey speech 20:00 GMT could materially shift this read

13:31 UTC

Sharp uptrend, momentum cooling · RSI 67 · price 1.34056

Breakout above 1.3400 handle, pulling back.

GBPUSD ripped through the 1.3400 handle / 200-DEMA on the soft US June CPI print (12:30 GMT), tagging 1.3443 before fading. NY session now holding the retest of 1.3400 with RSI(14) cooling from post-spike highs.

Support: 1.3400, 1.33802, 1.3366

Resistance: 1.34431, 1.3445

What it said to watch

  • Failure to hold 1.3400 (200-dema) reopens the pre-spike zone near 1.3380
  • M15 close above 1.3443 spike high exposes the 1.3445 range cap
  • Warsh testimony 14:00 GMT could sharply reprice this move

13:31 UTC

Uptrend after CPI breakout, pulling back · RSI 71 · price 1.34056

Range broken to upside, retesting 1.3400.

NY session ripped through the 1.3380 range top and 1.3400 200-DEMA on the soft US June CPI print, spiking to 1.34431 before fading to 1.34056. Price is now retesting the 1.3400 handle from above with RSI(14) cooling from overbought.

Support: 1.3400, 1.3380, 1.3343

Resistance: 1.34431, 1.3445

What it said to watch

  • Sustained hold above 1.3400 keeps the breakout intact; loss of it reopens 1.3380
  • Warsh testimony (14:00 GMT) imminent — could reverse the CPI-driven USD softness
  • Bailey speech 20:00 GMT is a further risk to this read

13:16 UTC

Sharp impulse higher, cooling · RSI 63 · price 1.34044

Breakout above 1.3400, holding.

GBPUSD ripped above the 200-DEMA/1.3400 handle to 1.3443 on the 12:30 GMT US CPI miss, then unwound half the spike to hold just above 1.3400. RSI(14) cooling from the impulse; price now retesting the breakout level.

Support: 1.3400, 1.33845, 1.3366

Resistance: 1.34431, 1.3445

What it said to watch

  • Hold above 1.3400 keeps the breakout intact; a close back below negates it toward 1.3384
  • Warsh testimony 14:00 GMT and Bailey 20:00 GMT could materially shift this read
  • Reclaim of 1.3443 opens the 1.3445 range cap

13:16 UTC

Uptrend, impulsive spike · RSI 68 · price 1.34044

Range break above 1.3400.

Soft US June CPI at 12:30 GMT drove a sharp GBP/USD spike through the 1.3400 200-DEMA to 1.34431 as the dollar was sold. Price pulled back but is holding above the 1.3400 handle, keeping the range break intact into the NY session.

Support: 1.3400, 1.3380, 1.3366

Resistance: 1.34431, 1.3445

What it said to watch

  • M15 close back below 1.3400 reopens the prior range toward 1.3380
  • 1.34431 spike high is the cap; a close above opens 1.3445 range cap
  • Warsh testimony 14:00 GMT and Bailey 20:00 GMT could materially shift this read

13:01 UTC

Uptrend, post-spike pullback · RSI 74 · price 1.3415

Breakout above 1.3400 cap, retracing.

The 12:30 GMT US CPI print drove a sharp GBP breakout through the 1.3400 200-day EMA cap, spiking to 1.3443 before profit-taking pulled price back to 1.3415. RSI(14) is hot near 73 as the pair digests the move just under the range top.

Support: 1.3400, 1.3388, 1.3360

Resistance: 1.3433, 1.3443

What it said to watch

  • Hold above 1.3400 keeps the breakout structure intact
  • Loss of 1.3388 signals the spike is being fully retraced
  • BoE Bailey speech 20:00 GMT could shift the read

13:01 UTC

Uptrend, post-CPI impulse cooling · RSI 71 · price 1.3415

Range broken to upside, pulling back.

US June CPI at 12:30 GMT triggered a sharp spike through the 1.3400 200-day EMA cap to 1.3443 as the Dollar eased, before price pulled back to 1.3415. Break of the prior 1.3355–1.3388 range holds for now with the 1.3443 high rejected on the follow-through bar.

Support: 1.3400, 1.3388, 1.3360

Resistance: 1.3443

What it said to watch

  • Failure to hold 1.3400 reopens the pre-spike 1.3388 then 1.3360
  • M15 close above 1.3443 exposes the range top toward 1.3445+
  • BoE Bailey speech 20:00 GMT could shift this read

12:46 UTC

Sharp uptrend after CPI spike · RSI 82 · price 1.34357

Range break above 1.3400 cap.

GBPUSD ripped through the 1.3400 cap on the 12:30 GMT US CPI print, tagging 1.34431 before settling near 1.3436 with RSI(14) stretched into the low-80s. The prior 200-day/1.3400 ceiling has flipped to a reference support; range top at 1.3445 is the immediate barrier.

Support: 1.3400, 1.3380

Resistance: 1.34431, 1.3445

What it said to watch

  • A close back below 1.3400 would negate the breakout and put price back inside the prior range
  • Break and hold above 1.3445 opens the 1.3445 range-top area
  • BoE Bailey speech 20:00 GMT could reprice this move

12:46 UTC

Breakout, momentum sharp · RSI 79 · price 1.34357

Range break above 1.3400 cap.

GBPUSD ripped through the 1.3400 200-day EMA cap on the soft US CPI print, spiking to 1.34431 before settling at 1.34357 as the Dollar eased. RSI(14) is stretched near 78 after a near-60 pip candle, but the prior 1.3320–1.3400 range has been decisively broken.

Support: 1.3400, 1.3380, 1.3352

Resistance: 1.34431, 1.3445

What it said to watch

  • Loss of 1.3400 back into the old range negates the breakout
  • 1.34450 range top — area to watch for rejection or continuation
  • BoE Bailey at 20:00 GMT could reshape the read

12:31 UTC

Sharp breakout, momentum up · RSI 76 · price 1.34316

Range break above 1.3400 cap.

NY session spiked through the 1.3400 200-day EMA cap on the 12:30 GMT US CPI print, tagging 1.3443 with RSI(14) running hot near 76. The move follows a grind up from the 1.3351 London low; the long-respected 1.3320–1.3445 range top is now in play.

Support: 1.3400, 1.3388, 1.3360

Resistance: 1.3443, 1.3445

What it said to watch

  • A pullback holding 1.3400 confirms the breakout retest
  • Close back below 1.3388 negates the breakout and re-enters the range
  • BoE Bailey 20:00 GMT could reshape this read

12:16 UTC

Recovery off session low, momentum up · RSI 62 · price 1.33831

Higher lows probing range top.

Cable ground higher off the 1.3342 session low through the London-NY transition, printing a chain of higher lows and stalling just under the 1.3387 session high, with the 1.3400 200-DMA cap overhead. RSI(14) around 62 — firm but not stretched. US June CPI at 12:30 UTC lands within the next bar and is the dominant near-term driver.

Support: 1.3374, 1.3342

Resistance: 1.3387, 1.3400

What it said to watch

  • US CPI 12:30 UTC (~15min) could materially shift this read
  • M15 close above 1.3400 200-dma opens the 1.3445 range top
  • Failure to hold 1.3374 swing low reopens the 1.3342 session low

12:16 UTC

Recovering, grinding higher into NY · RSI 64 · price 1.33831

Higher lows off the 1.3342 base, approaching session high.

Cable ground back up through London-NY from the 1.3342 base, printing a higher-low chain into the NY session and stalling just under the 1.3387 session high, RSI(14) mid-60s. US CPI at 12:30 UTC is imminent and dominates the next-bar read; the 1.3400 200-dma cap sits just above.

Support: 1.3366, 1.33417

Resistance: 1.3387, 1.3400

What it said to watch

  • US CPI at 12:30 UTC (minutes away) could materially shift this read
  • Close above 1.3387 opens the 1.3400 200-dma cap
  • Failure to hold 1.3366 breaks the higher-low chain

12:01 UTC

Uptrend into resistance · RSI 62 · price 1.33833

Higher lows, grinding toward session high.

London session ground higher off the 1.3352 range low, printing a chain of higher lows into the 1.3387 session high with RSI(14) around 62. The 1.3400 200-DMA cap sits just above; price is stalling into it ahead of US CPI at 12:30 UTC.

Support: 1.3370, 1.3352

Resistance: 1.3387, 1.3400

What it said to watch

  • US CPI at 12:30 UTC is imminent and will likely drive the next leg
  • M15 close above 1.3387 opens the path to the 1.3400 200-DMA
  • Failure to hold 1.3370 breaks the higher-low chain

12:01 UTC

Intraday uptrend, recovery off session low · RSI 64 · price 1.33833

Higher lows into session high, testing range top.

Cable recovered off the 1.3342 session low through London and is now pressing the session high at 1.3387 ahead of US CPI (12:30 UTC), RSI(14) in the mid-60s with room before extremes. The 1.3400 200-DMA remains the overhead cap into the print.

Support: 1.3372, 1.3352, 1.33422

Resistance: 1.3387, 1.3400, 1.3445

What it said to watch

  • US CPI at 12:30 UTC could materially shift this read
  • Close above 1.3400 opens the path to 1.3445 range top
  • Failure to hold 1.3372 negates the recovery leg

11:46 UTC

Recovery uptrend, approaching cap · RSI 61 · price 1.3381

Higher lows off session low, testing session high.

Cable carved higher lows off the 1.3342 session low and is grinding back toward the 1.3400 200-DMA cap, last printing 1.3381 just under the 1.33834 session high. RSI(14) around 61, ATR ~7 pips; move has been a steady London-NY recovery rather than an impulsive breakout. US June CPI at 12:30 UTC is the dominant near-term driver into the current bar.

Support: 1.3366, 1.3342

Resistance: 1.33834, 1.3400

What it said to watch

  • US CPI 12:30 UTC (<1h) can materially shift this read
  • Close above 1.34000 200-dma opens the range top toward 1.3445
  • Failure to hold 1.33660 swing low threatens a lower low back toward 1.33420

11:46 UTC

Recovering off intraday low, momentum up · RSI 63 · price 1.3381

Climbing back to session highs after Asian-low sweep.

Cable recovered off the Asian-session low near 1.3341 and is now retesting the session high at 1.3383 into the US CPI print, RSI(14) mid-60s. Price holds above EMA20/50 with a chain of higher lows through the London-NY transition; the 1.3400 200-DMA cap sits just above.

Support: 1.3366, 1.3341

Resistance: 1.3383, 1.3400

What it said to watch

  • US June CPI at 12:30 UTC (~45m away) is the dominant near-term driver and could reset this read
  • M15 close above 1.3383 opens the path to the 1.3400 200-DMA handle
  • Failure to hold 1.3366 breaks the higher-low sequence

11:31 UTC

Recovery, momentum slowing near range top · RSI 57 · price 1.33765

Higher lows off session low, capped under 1.3383.

Cable ground higher off the ~1.3342 session low through the London-NY session, tagging a session high at 1.3383 before stalling and consolidating near 1.3376. RSI(14) mid-range; the 200-DMA/1.3400 cap sits just above and price is coiling ahead of US CPI.

Support: 1.3370, 1.33524, 1.33417

Resistance: 1.33834, 1.3400

What it said to watch

  • US CPI at 12:30 UTC (~1h) could materially shift this read
  • Close above 1.3383 opens the path to the 1.3400 200-dma
  • Failure to hold 1.3370 shifts structure back toward 1.3352/1.3342

11:31 UTC

Recovering off lows, momentum cooling · RSI 56 · price 1.33765

Consolidating below session high after London bounce.

Cable based at 1.3352 mid-window and London ran it back up to a 1.3383 session high, now consolidating in the upper 1.3370s with RSI(14) cooling to the mid-50s. Price holds above EMA20/50; the 1.3400 200-DMA cap sits just overhead into US CPI.

Support: 1.3352, 1.3345, 1.3320

Resistance: 1.3383, 1.3400

What it said to watch

  • US CPI 12:30 UTC (~1h) is the dominant near-term driver and could reset this read
  • M15 close above 1.3383 session high opens the 1.3400 handle
  • Failure to hold 1.3352 swing low reopens the 1.3345 day low

11:16 UTC

Recovery leg, momentum cooling · RSI 54 · price 1.3372

Higher lows off 1.3351, capped below 1.3383.

London session lifted cable off 1.3351 to a session high at 1.3383 before easing back to 1.3372 into US CPI, RSI(14) cooling to mid-50s. Recovery holds above the 1.3366 pivot but the move stalls well below the 1.3400 / 200-DMA cap that has repeatedly rejected price.

Support: 1.3366, 1.3350

Resistance: 1.3383, 1.3400

What it said to watch

  • US CPI at 12:30 UTC (~75m out) is the dominant near-term driver and could reprice this read
  • M15 close above 1.3383 opens a path toward the 1.3400 cap
  • Failure to hold 1.3366 confirms the recovery leg has stalled

11:16 UTC

Intraday uptrend, momentum cooling · RSI 53 · price 1.3372

Higher lows off 1.3345, stalling below session high.

London session lifted cable off the 1.3345 base to a session high at 1.3383 before easing back to 1.3372, RSI(14) cooling to mid-range. The 200-DMA/1.3400 handle caps overhead; price coiling into the US CPI print.

Support: 1.3355, 1.3345

Resistance: 1.3383, 1.3400

What it said to watch

  • US CPI at 12:30 UTC is the dominant near-term driver and could reset this read
  • M15 close above 1.3383 opens the path to the 1.3400 cap
  • Failure to hold 1.3355 exposes the 1.3345 session low

11:02 UTC

Intraday uptrend, momentum slowing · RSI 53 · price 1.33716

Higher lows into pullback from session high.

London session drove cable off the 1.3352 swing low to a session high at 1.33834, now consolidating around 1.33716 with RSI(14) cooling toward neutral. Move stalled shy of the 200d EMA/1.3400 pivot; higher-low structure intact.

Support: 1.33524, 1.33417

Resistance: 1.33834, 1.3400

What it said to watch

  • US June CPI at 12:30 GMT is the dominant near-term catalyst and could reset this read
  • Close above 1.33834 opens the path toward the 200d EMA at 1.3400
  • Failure to hold 1.33524 breaks the higher-low chain

11:02 UTC

Recovery leg, momentum cooling · RSI 54 · price 1.33716

Higher low off 1.3351, capped below session high.

London session rallied off the 1.33510 swing low to a session high at 1.33834, where price was rejected. It's now retracing into the 38.2% fib around 1.33716 with RSI(14) cooling from the push. US June CPI at 12:30 GMT is the dominant near-term catalyst.

Support: 1.3351, 1.3345

Resistance: 1.33834, 1.3400

What it said to watch

  • US CPI at 12:30 GMT — the key GBPUSD driver, likely to override this structure
  • Close below 1.33510 negates the higher-low read
  • Close above 1.33834 opens the path to the 1.34000 200d EMA

10:46 UTC

Intraday uptrend, momentum cooling · RSI 61 · price 1.33758

Higher lows since London, consolidating below session high.

London recovered cable off the Asian low near 1.3342 with a clean push to the 1.3383 session high, RSI(14) easing from the run-up. Price now consolidating around 1.3376, still capped below the 1.3400 200d EMA. US June CPI at 12:30 GMT is the dominant near-term catalyst.

Support: 1.3360, 1.33417

Resistance: 1.33834, 1.3400

What it said to watch

  • US CPI at 12:30 GMT (~2h out) is the key driver and can reset this read
  • M15 close above 1.3383 opens the path to the 1.3400 200d EMA
  • Failure to hold 1.3360 negates the London recovery

10:46 UTC

Intraday uptrend off London low · RSI 57 · price 1.33758

Higher lows into session high 1.3383.

London session rallied cable from the 1.3352 swing low to a 1.3383 session high, breaking out of the overnight Asian drift; price now easing to 1.3376 with RSI(14) cooling from the mid-60s. Move is capped below the 200d EMA/1.3400 handle.

Support: 1.3352, 1.3342

Resistance: 1.3383, 1.3400

What it said to watch

  • US June CPI at 12:30 GMT (~2h out) is the dominant near-term catalyst and can override this structure
  • Close above 1.3383 opens the path toward 1.3400
  • Failure to hold 1.3352 negates the higher-low sequence

10:32 UTC

Uptrend, momentum cooling · RSI 63 · price 1.33764

Higher highs/lows off session low.

London session drove cable off the 1.33417 low up through 1.33834, a clean breakout of the prior 1.33500 base with RSI(14) now cooling from the mid-60s. Last few bars stalled around 1.33764 just under the session high; US CPI at 12:30 GMT is the swing factor for the next leg.

Support: 1.33735, 1.3351, 1.33417

Resistance: 1.33834, 1.3400

What it said to watch

  • M15 close above 1.33834 opens the path to 1.3400 psych
  • US June CPI 12:30 GMT — main cable driver, ~2h out, could reset this read
  • Loss of 1.33735 exposes the 1.33510 swing low

10:31 UTC

Intraday uptrend, momentum easing · RSI 62 · price 1.33764

Higher highs/higher lows off 1.3351, session high 1.3383.

Cable recovered through London off 1.3351, breaking higher to a session high at 1.33834 before easing back to 1.3376. RSI in the low-60s and price holding above EMA20/50; US CPI at 12:30 GMT is the dominant near-term driver.

Support: 1.33735, 1.3351, 1.33422

Resistance: 1.33834, 1.3400

What it said to watch

  • Close above 1.33834 opens the path to the 1.3400 200d ema barrier
  • Loss of 1.33735 breaks the HH/HL sequence back toward 1.3351
  • US June CPI at 12:30 GMT could materially shift this read via the USD leg

10:16 UTC

Uptrend, near session high · RSI 66 · price 1.33763

Higher lows into session high, consolidating below 1.33834.

London session lifted cable off the session low near 1.33510 to a session high at 1.33834, RSI(14) around 66. Price is now consolidating at 1.33763 just below that high; US CPI at 12:30 GMT is the dominant driver in roughly two hours.

Support: 1.33612, 1.3351

Resistance: 1.33834, 1.3400

What it said to watch

  • US June CPI at 12:30 GMT — main cable catalyst, likely to redefine this read
  • M15 close above 1.33834 opens the 200-day EMA/1.3400 barrier
  • Loss of 1.33612 breaks the intraday higher-low chain

10:16 UTC

Recovery, higher lows · RSI 62 · price 1.33763

Chain of higher lows off intraday base.

Cable based near 1.3342 in the London morning and built a chain of higher lows, breaking prior consolidation to tag the session high at 1.33834 before easing to 1.33763. RSI(14) mid-60s, price holding above EMA20/50; US CPI at 12:30 GMT is the swing factor for the next leg.

Support: 1.3371, 1.3350, 1.3342

Resistance: 1.33834, 1.3400

What it said to watch

  • US June CPI at 12:30 GMT is the dominant cable driver and could reset this read
  • Close above 1.33834 opens the 1.3400 200-day EMA barrier
  • Loss of 1.3371 breaks the higher-low sequence toward the 1.3350 pivot

10:01 UTC

Near-term uptrend, capped below 1.3400 · RSI 64 · price 1.33784

Higher lows off range floor, testing session high.

London session lifted cable off the 1.3345 range floor in a chain of higher lows to a session high at 1.3383, RSI(14) around 64 with room left. The 200-day EMA near 1.3400 remains the cap overhead; price is grinding into resistance ahead of the US CPI print.

Support: 1.3352, 1.3345

Resistance: 1.33834, 1.3400

What it said to watch

  • M15 close above 1.33834 opens the 1.3400 200-day EMA barrier
  • Failure to hold 1.3352 breaks the higher-low chain back toward 1.3345
  • US June CPI at 12:30 GMT is the dominant cable driver in the next bars

10:01 UTC

Intraday uptrend off overnight low · RSI 63 · price 1.33784

Higher lows through London, testing session high.

Cable ground higher through the London session, carving higher lows off the overnight base at 1.33420 and pushing into a session high at 1.33834. RSI(14) around 63, room before hot territory; the 1.3400 psych/200-day area still overhead. US June CPI at 12:30 GMT is the dominant catalyst in roughly 2.5h.

Support: 1.33735, 1.33574, 1.3342

Resistance: 1.33834, 1.3400

What it said to watch

  • M15 close above 1.33834 opens the path to the 1.3400 area
  • Failure to hold 1.33735 breaks the London higher-low chain
  • US CPI at 12:30 GMT could materially shift this read

09:46 UTC

Intraday uptrend off London lows · RSI 64 · price 1.33756

Higher lows, testing session high.

London session lifted cable off the 1.3351 low through the 1.3380 session high, RSI(14) around 63 and cooling on the shallow pullback to 1.3374. Move is holding above prior swing highs but the 1.3400 200-DMA overhead has capped repeatedly, and US CPI at 12:30 GMT is the primary driver into the next hours.

Support: 1.33735, 1.3351, 1.33417

Resistance: 1.33807, 1.3400

What it said to watch

  • M15 close above 1.3380 opens the path to the 1.3400 200-DMA
  • Failure to hold 1.3374 reopens the 1.3351 session low
  • US CPI at 12:30 GMT (~2.75h) can materially shift this read

09:46 UTC

Intraday uptrend off Asian low · RSI 68 · price 1.33756

Higher highs / higher lows into London.

Cable based at the 1.3342 Asian low overnight and climbed through London, breaking the 1.3368 shelf to tag a session high at 1.3381 before easing to 1.3376. RSI(14) near 67 and price holding above both EMAs; move is running into the CPI window with 1.3400/200-DMA the next resistance overhead.

Support: 1.3361, 1.33417

Resistance: 1.33807, 1.3400

What it said to watch

  • US CPI at 12:30 GMT is the primary cable driver — could reset this intraday read
  • Loss of the 1.3361 swing would break the higher-low chain
  • A clean push through 1.3381 opens the 1.3400 200-DMA zone to watch for rejection or break

09:31 UTC

Uptrend, momentum extending · RSI 66 · price 1.33788

Higher lows into session high, HH chain.

London session ground higher off the 1.3351 range floor, breaking out to a session high at 1.3381 with RSI(14) around 66. Price consolidating just below that high ahead of US CPI at 12:30 GMT.

Support: 1.33737, 1.3351, 1.33422

Resistance: 1.33807, 1.3400

What it said to watch

  • Break and hold above 1.3381 opens the 1.3400 200-dma
  • Loss of 1.3374 puts the 1.3351 range low back in play
  • US CPI at 12:30 GMT is the primary cable driver and can reset this read

09:31 UTC

Intraday uptrend, momentum firm · RSI 67 · price 1.33788

Higher highs off 1.3352, rally into session high.

London session grinding higher off the 1.3352 low, breaking through prior consolidation into a 1.3380 session high with RSI(14) around 67. Buyers stepped in on each dip through the last three hours; 1.3400 200-DMA remains the cap overhead.

Support: 1.33739, 1.3351, 1.33417

Resistance: 1.33807, 1.3400

What it said to watch

  • US CPI at 12:30 GMT (~3h) is the primary cable driver — can override this read
  • M15 close above 1.3380 opens the path to the 1.3400 200-DMA
  • Failure to hold 1.3374 breaks the recent higher-low chain

09:16 UTC

Intraday uptrend off session low · RSI 67 · price 1.33784

HH/HL chain into 1.3380, approaching 1.3400.

Cable rallied through the London session off the 1.3351 swing low, breaking above 1.3375 to print a session high at 1.3381, RSI(14) firm near 67. Move is grinding toward the 1.3400 200-DMA that has repeatedly rejected price, with US CPI at 12:30 GMT the next catalyst.

Support: 1.33745, 1.3351, 1.3342

Resistance: 1.33807, 1.3400

What it said to watch

  • US CPI at 12:30 GMT is the primary cable driver and could reset this read
  • 1.3400 200-DMA — area to watch for rejection or a clean break toward 1.3445
  • Loss of 1.3375 breakout level would signal the intraday leg stalling

09:16 UTC

Recovering, momentum up into London · RSI 68 · price 1.33784

Higher lows off Asian low, breaking session range top.

Cable ground higher through the London morning, lifting off the Asian low near 1.3342 and breaking the 1.3360–1.3365 consolidation to print a session high at 1.3381. RSI(14) elevated near 67 but not extreme; move stalling at 1.3378 ahead of US CPI.

Support: 1.3372, 1.3351, 1.33417

Resistance: 1.33807, 1.3400

What it said to watch

  • US CPI at 12:30 GMT is the main cable driver — could materially shift this read
  • Sustained trade above 1.33807 opens the 1.3400 200-dma
  • Loss of 1.33510 higher low negates the recovery structure

09:02 UTC

Recovering off lows, near-term up · RSI 67 · price 1.33762

Higher lows, breakout from consolidation.

Cable ground higher through the London session, breaking the 1.3350–1.3360 consolidation and tagging 1.3376 with RSI(14) firm near 67. Rally is running into the 1.3380 psych zone with the 200-day EMA range top at 1.3400 the next barrier; move is pre-positioning ahead of US CPI.

Support: 1.3360, 1.3351, 1.3342

Resistance: 1.3380, 1.3400

What it said to watch

  • US CPI at 12:30 UTC is the pivot and can override this intraday read
  • Loss of the 1.3360 swing low would negate the breakout and re-open 1.3351 range base
  • Repeated rejection at 1.3400 200d ema caps upside; a clean reclaim opens 1.3445

09:01 UTC

Grinding higher off session lows · RSI 69 · price 1.33762

Breakout from Asian consolidation.

Cable ground higher through late Asia into the London morning, breaking the 1.3355–1.3360 consolidation with a sharp 130-pip candle up to 1.33763. RSI(14) near 69, hot but consistent with the leg; Pill's hawkish rates comments cushioned Sterling ahead of the pivotal US CPI print.

Support: 1.3360, 1.33417, 1.3320

Resistance: 1.33763, 1.3400

What it said to watch

  • US CPI at 12:30 GMT is the immediate driver and could materially shift this read
  • A clean reclaim above the 200d ema at 1.3400 opens 1.3445
  • Failure to hold the 1.3360 range floor reopens the 1.33417 swing low

08:47 UTC

Recovery off base, breaking higher · RSI 67 · price 1.33744

Consolidation breaking to upside.

Cable chopped sideways through London around a 1.3345–1.3360 base before the last two M15 bars broke sharply higher to 1.3374, RSI(14) turning up near 67. The move retraced most of the early-window slide from 1.3402; 1.3400 (200-day EMA) is the next cap.

Support: 1.3356, 1.3342

Resistance: 1.3400, 1.3402

What it said to watch

  • US CPI at 12:30 UTC (~3.75h out) could materially shift this read
  • Loss of the 1.3356 base reopens the 1.3342 swing low
  • Repeated rejection at 1.3400 confirms the 200d ema cap

08:46 UTC

Recovering, upside momentum · RSI 71 · price 1.33744

Broke above session base, higher lows.

London session broke cable out of the 1.3350–1.3360 base, spiking to 1.3375 on rising lows into the US CPI print. RSI(14) hot near 71 but not extreme; the 1.3360 breakout shelf is the immediate pivot below.

Support: 1.3361, 1.3352, 1.3342

Resistance: 1.3380, 1.3400

What it said to watch

  • US CPI 12:30 UTC will likely override this intraday read
  • Loss of 1.3361 breakout shelf reverts price into the prior base
  • Approach to 200d ema ~1.3400 — area to watch for rejection or break

08:32 UTC

Recovering off base, range-bound · RSI 54 · price 1.33644

Overnight base holding, higher lows into London.

Cable carved an overnight base near 1.3342 and has ground back up through the London session, printing higher lows toward the 1.3370 session high. RSI(14) mid-range near 54, price above EMA20/50; still boxed inside a 1.3342–1.3370 range with US June CPI at 12:30 GMT the near-term driver.

Support: 1.3351, 1.33422, 1.3360

Resistance: 1.33696, 1.3380, 1.3400

What it said to watch

  • M15 close above 1.3370 opens the path to 1.3380 then the 200d ema at 1.3400
  • Failure to hold 1.3351 reopens the 1.3342 base low
  • US June CPI at 12:30 GMT could materially shift this read

08:31 UTC

Recovery off session low, choppy · RSI 56 · price 1.33644

Consolidation after morning selloff.

Cable sold from 1.3402 to a 1.3442 session low overnight, then chopped in a 1.3352–1.3370 band through London before grinding back to 1.3364. Move stalled below the 1.3400/200-day EMA that has repeatedly capped, with US June CPI the near-term driver.

Support: 1.3351, 1.33422

Resistance: 1.33696, 1.3400

What it said to watch

  • US CPI at 12:30 GMT is the immediate driver — could break this range either way
  • Close above 1.3370 opens the path back to the 1.3400 barrier
  • Failure to hold 1.3352 reopens the 1.3342 session low

08:17 UTC

Downtrend stalled, now ranging · RSI 47 · price 1.33565

Consolidation between 1.3351 and 1.3368.

Cable slid from 1.3402 through the London session and has since coiled in a tight 1.3351-1.3368 range, price pinned around EMA20 with RSI(14) flat near 47. Buyers defended the 1.3351 range floor repeatedly; the 1.3400 range top remains untested and the pair is holding well below it into US CPI.

Support: 1.3351, 1.3342

Resistance: 1.3368, 1.3400

What it said to watch

  • US CPI at 12:30 GMT is the immediate driver — could break this range either way
  • M15 close below 1.3351 exposes the 1.33420 swing low
  • Break above 1.3368 opens the path toward the 1.3400 range top

08:16 UTC

Downtrend stalling, now ranging · RSI 49 · price 1.33565

Consolidation after session slide.

Cable slid from 1.3400 through the London session and is now chopping in a 1.3351–1.3368 range, capped well below the 200-day EMA. RSI(14) neutral near 48; US June CPI at 12:30 GMT is the immediate driver.

Support: 1.3351, 1.33422

Resistance: 1.3368, 1.3400

What it said to watch

  • US June CPI at 12:30 GMT can break this range in either direction
  • Close below 1.33422 session low confirms a lower low
  • Reclaim of 1.33680 swing high needed to challenge the 1.3400 200d ema cap

08:02 UTC

Downtrend stalling, now ranging · RSI 49 · price 1.33575

Consolidation off Asian low near 1.3342.

Cable sold off from 1.3403 through the prior NY session and bottomed near 1.3342 in thin Asian trade, then recovered to consolidate around 1.3357 into the London morning. RSI(14) is neutral near 49 with price pinned between 1.3351 support and the 1.3368 swing high; US CPI at 12:30 GMT is the near-term driver.

Support: 1.3351, 1.3342

Resistance: 1.3368, 1.3380, 1.3400

What it said to watch

  • US CPI at 12:30 GMT could break the 1.3351-1.3368 range
  • Close above 1.3368 opens the path back to 1.3400
  • Failure to hold 1.3342 asian low confirms a lower-low

08:01 UTC

Downtrend easing into range · RSI 48 · price 1.33575

Consolidation 1.3350-1.3370 after leg down.

Cable slid from 1.3410 through the session and has coiled into a 1.3350-1.3370 range, capped well below the 1.3400 200-day EMA that keeps rejecting. RSI(14) neutral near 48, ATR compressed to ~7 pips ahead of US June CPI at 12:30 GMT.

Support: 1.3351, 1.33417

Resistance: 1.33696, 1.3382, 1.3400

What it said to watch

  • Close above 1.33696 session high opens 1.33820
  • Failure to hold 1.33510 range low exposes 1.33417 day low
  • US CPI at 12:30 GMT is the near-term driver and could break the range

07:47 UTC

Downtrend stalling, basing · RSI 55 · price 1.33601

Consolidation above session low after slide off 1.3410.

Cable slid off the 1.3410 area and based near 1.3352 through the Asian hours, now grinding back to 1.3360 into London. RSI(14) mid-range near 55 with ATR compressed to ~7 pips; price is holding a shallow retrace of the earlier down leg.

Support: 1.3352, 1.33422

Resistance: 1.33696, 1.3400

What it said to watch

  • US June CPI at 12:30 UTC is the dominant cross-driver and could shift this read
  • Close above 1.33696 swing high opens the path back to the 1.3400/200-day ema pivot
  • Failure to hold 1.3352 session low confirms a lower low toward 1.33422

07:46 UTC

Downtrend stalling, basing off lows · RSI 49 · price 1.33601

Consolidation above session low after decline.

Cable slid through yesterday's NY session to a 1.3342 low then based; London open has price consolidating 1.3350–1.3368 with RSI(14) back near neutral. Bounce so far is a shallow retrace of the down leg from 1.3406, still capped under the 1.3368 swing high.

Support: 1.3351, 1.33422, 1.3320

Resistance: 1.3368, 1.3400

What it said to watch

  • M15 close above 1.3368 opens the path back toward the 1.3400 200-day EMA pivot
  • Failure to hold 1.3351/1.3342 exposes the 1.3320 range floor
  • US CPI at 12:30 GMT is the dominant cross-driver and could materially shift this read

07:31 UTC

Downtrend stalling, now ranging · RSI 47 · price 1.33576

Consolidation in lower third of daily range.

Cable sold off through the NY session from 1.3411 to 1.3342 on the broad USD haven bid, then based and chopped between 1.3345 and 1.3368 through Asia into early London. Now hovering at 1.33576 with RSI(14) mid-range; no clean intraday direction in play.

Support: 1.3351, 1.33417

Resistance: 1.3368, 1.3380

What it said to watch

  • Close above 1.33680 opens the path back toward 1.33800
  • Break below 1.33510 exposes the 1.33417 prior low
  • US June CPI at 12:30 GMT is the dominant cross-driver and can break this range

07:31 UTC

Downtrend flattened into range · RSI 47 · price 1.33576

Consolidation after decline.

London mid-morning: cable is ranging ~1.3342–1.3370 after yesterday's rejection at the 200-day EMA/1.3400 pivot on the Hormuz oil-driven USD bid. Price sits mid-range at 1.33576 with RSI neutral near 47; no setup in play.

Support: 1.3351, 1.3342

Resistance: 1.33696, 1.3380

What it said to watch

  • US June CPI at 12:30 UTC is the dominant driver and could break this range either way
  • M15 close below 1.33420 opens the path toward the 1.3320 floor
  • M15 close above 1.33696 exposes 1.3380 range top

07:16 UTC

Downtrend stalling into range · RSI 46 · price 1.33541

Ranging after NY selloff, holding session low.

Cable rolled over from 1.3411 through the NY session and printed a session low at 1.3342, then settled into a tight 1.3342–1.3368 range through Asia. Price is hugging the EMAs near 1.3354 with RSI mid-range, no directional break as the market waits on US CPI.

Support: 1.3342, 1.3320

Resistance: 1.3368, 1.3390

What it said to watch

  • US June CPI at 12:30 UTC is the dominant cross-driver — a hot print pressures the 1.3320 floor
  • M15 close below 1.3342 confirms a fresh lower-low
  • Reclaim of 1.3368 opens a retest of 1.3390
  • BoE Bailey 20:00 GMT could shift the read

07:16 UTC

Downtrend stalling, now ranging · RSI 46 · price 1.33541

Consolidation above session low, capped near 1.3368.

Cable is grinding sideways in the 1.3342–1.3368 band as London opens, after the earlier slide off 1.3411 and a clean rejection at 1.3368. RSI(14) sits mid-range near 46; price is pinned just under EMA20 with the session low holding.

Support: 1.3350, 1.3342, 1.3320

Resistance: 1.3368, 1.3400

What it said to watch

  • M15 close below 1.3342 confirms a lower-low toward the 1.3320 range floor
  • Reclaim of 1.3368 opens the 1.3400 200-day pivot
  • US CPI at 12:30 UTC is the dominant driver and could break this range either side

07:02 UTC

Downtrend cooling into range · RSI 44 · price 1.33555

Consolidation after rejection at 1.3369.

Cable rejected at 1.3369 in the Asian session and drifted back to 1.3355, now stalling at the 50% retrace of the 1.3342–1.3369 leg. Price is boxed between session low 1.3352 and session high 1.3369 with volume thin ahead of the London open.

Support: 1.3352, 1.3342

Resistance: 1.3380

What it said to watch

  • US June CPI at 12:30 UTC is the dominant cable driver — a hot print pressures toward 1.3342
  • Break below 1.3352 opens the 1.3342 asia low
  • Close above 1.3369 targets the 1.3380 prior swing

07:01 UTC

Downtrend stalled, now ranging · RSI 48 · price 1.33555

Consolidation after lower-low sequence.

Cable rolled over from the 1.3410 area through the session and is now chopping between 1.3352 and 1.3368, price pinned to its EMAs. A NY-hours probe to 1.3368 was rejected and sellers pushed back toward the 1.3352 range low; USD haven bid from the Hormuz oil story remains the backdrop.

Support: 1.33524, 1.33417

Resistance: 1.3368, 1.3390

What it said to watch

  • US June CPI at 12:30 UTC is the dominant cable driver and can break this range either way
  • M15 close below 1.3342 confirms continuation of the lower-low sequence
  • M15 close above 1.3368 opens the path back toward 1.3390

06:47 UTC

Downtrend, consolidating at lows · RSI 47 · price 1.33563

Rejection at 1.3400, ranging 1.3342-1.3368.

Cable was rejected at the 200-day EMA/1.3400 handle in Asian hours and slid to 1.3342 on the Hormuz-driven USD haven bid, now consolidating 1.3342-1.3368 into the London open. RSI(14) neutral near 47 as price twice held 1.3342; the recovery leg to 1.3368 has faded back toward the range mid.

Support: 1.3342, 1.3352

Resistance: 1.3368, 1.3400

What it said to watch

  • US June CPI 12:30 GMT is the dominant cable driver and could reset this read
  • Close above 1.3368 opens the path back to the 1.3400 cap
  • Failure to hold 1.3342 confirms a lower low toward 1.3320

06:46 UTC

Downtrend easing into range · RSI 48 · price 1.33563

Lower highs off 1.3411, basing near 1.3350.

Cable slid through the London session after a clean rejection at the 200-day EMA near 1.3400, printing a session low at 1.3352 as an oil-driven USD haven bid firmed. Price is now consolidating 1.3352-1.3368, RSI(14) neutral near 47; US June CPI at 12:30 UTC is the dominant catalyst ahead.

Support: 1.3352, 1.3342

Resistance: 1.3368, 1.3400

What it said to watch

  • close above 1.3368 reopens the path to the 200-day ema at 1.3400
  • failure to hold 1.3352 session low confirms a fresh lower low
  • US June CPI at 12:30 UTC could materially shift this read

06:32 UTC

Downtrend faded to range · RSI 45 · price 1.33547

Ranging 1.3345–1.3370 after selloff.

Cable sold off from the 1.3411 area early yesterday to 1.3342 then settled into a 1.3345–1.3370 range through the Asian session. A brief push to 1.3370 was rejected an hour ago and price drifted back to 1.3355; the 1.3400 handle/200-day EMA remains the broader cap per the range read.

Support: 1.33524, 1.33422

Resistance: 1.33696, 1.3400

What it said to watch

  • US CPI at 12:30 GMT (~6h) is the primary catalyst and can break this range either way
  • M15 close below 1.3342 confirms a lower low and reopens the 1.3320 area
  • Reclaim of 1.3370 puts 1.3400 back in view

06:32 UTC

Downtrend easing into consolidation · RSI 43 · price 1.33547

Sold off from 1.3400, now ranging low 1.335s.

Cable was rejected near the 1.3400/200-day EMA area early in the window and sold off to a session low of 1.3342 as Hormuz haven flows firmed the dollar. Price has since based and drifted back into the low 1.335s during London hours, stalling at the 1.33696 session high; RSI(14) is neutral and ATR has compressed on thin overnight ranges.

Support: 1.3342, 1.3352

Resistance: 1.33696, 1.3380

What it said to watch

  • Reclaim of 1.33696 session high opens the path back to 1.33800 prior high
  • Close below 1.33420 session low confirms a fresh lower low
  • US June CPI 12:30 GMT is the primary catalyst and can break this range

06:16 UTC

Range, mild recovery off lows · RSI 52 · price 1.33587

Consolidation above 1.3342 base, higher lows building.

Cable ground up from the 1.3342 session low through the Asian range, tagged 1.3370 then eased back to 1.3359, holding above its short EMAs. The macro cap remains the 200-day EMA/1.3400 handle where price was rejected earlier; intraday it is a tight 1.3352-1.3370 recovery.

Support: 1.3352, 1.33417, 1.3320

Resistance: 1.33696, 1.3400

What it said to watch

  • US CPI at 12:30 GMT (~6h) is the primary catalyst and could break the range
  • M15 close above 1.3370 opens the path back toward the 1.3400 handle
  • Loss of 1.3352 re-exposes the 1.3342 session low

06:16 UTC

Range, mild recovery off lows · RSI 51 · price 1.33587

Consolidating after a leg down, higher lows building.

Cable is ranging 1.3342–1.3368 after the earlier rejection near the 200-day EMA/1.3400. A grind up to a 1.3368 session high in early London faded back to 1.3359, RSI(14) flat around 51 — no clear directional push in play.

Support: 1.3352, 1.3342

Resistance: 1.3368, 1.3400

What it said to watch

  • M15 close above 1.3368 reopens the path toward the 1.3400 handle
  • Failure to hold 1.3352 exposes the 1.3342 range low
  • US June CPI (Tue 12:30 GMT) is the primary catalyst and can break this range either way

06:02 UTC

Downtrend stalling, recovery underway · RSI 55 · price 1.33636

Based at double bottom, higher lows into London.

GBPUSD carved a 1.3342 double bottom through the Asian session and recovered to a 1.33696 session high before easing back to 1.33636, RSI(14) mid-range. Cable remains capped well below the 200-day EMA/1.3400 after yesterday's rejection there; US CPI at 12:30 GMT is the primary catalyst ahead.

Support: 1.3355, 1.33417, 1.3332

Resistance: 1.33696, 1.3379, 1.3400

What it said to watch

  • M15 close above 1.33696 session high extends recovery toward the 1.33790 prior swing
  • Failure to hold the 1.33550 swing low reopens the 1.3342 double bottom
  • US CPI 12:30 GMT could materially shift this read

06:02 UTC

Downtrend, basing and recovering · RSI 55 · price 1.33636

Double bottom off day low, early-London bounce.

Cable trended lower through the prior NY session from 1.3411, then carved a double bottom near the day low at 1.3342. Early London recovery tagged the session high at 1.3370 before easing to 1.3364; RSI mid-range. The wider range stays capped by repeated rejection at the 200-day EMA/1.3400.

Support: 1.33545, 1.33417

Resistance: 1.33696, 1.3400

What it said to watch

  • M15 close above 1.3370 session high opens the path toward the 200d ema/1.3400
  • Loss of 1.3342 day low confirms a fresh lower low
  • US CPI and Bailey speech later today could materially shift this read

05:47 UTC

Recovering off session low · RSI 61 · price 1.3367

Higher lows off 1.3342 base after NY sell-off.

NY session sold cable from 1.3411 down to a 1.3342 session low as haven USD demand built on Hormuz headlines. Asia consolidated and price is now grinding back up on higher lows into 1.3368, RSI(14) recovering near 61; 1.3380 caps the bounce so far.

Support: 1.3356, 1.3342

Resistance: 1.3380, 1.3400

What it said to watch

  • Reclaim of 1.3380 opens the path back to the 1.3400 200-dma pivot
  • Loss of 1.3356 consol base exposes the 1.3342 session low
  • US CPI at 12:30 GMT (~7h) is the asymmetric swing factor for this read

05:46 UTC

Recovering off session low · RSI 63 · price 1.3367

Double bottom, higher lows into London open.

Cable ground lower through the Asia session and printed a double bottom at 1.3342 in the low-volume hours; buyers stepped in and price has recovered to 1.3367 into the London open, RSI(14) mid-60s. Move remains capped below the 1.3380 swing high and the 1.3400 200-DMA pivot.

Support: 1.3355, 1.3342

Resistance: 1.3380, 1.3400

What it said to watch

  • Close above 1.3380 opens the 1.3400 200-dma
  • Failure to hold 1.3355 swing low reopens the 1.3342 double btm
  • BoE Bailey (20:00 GMT) and US CPI Tue are the dominant risks to this read

05:32 UTC

Corrective bounce off session low · RSI 61 · price 1.33668

Higher lows building off a double-bottom base.

Cable was rejected at the 1.3400 200-DMA during NY hours yesterday and slid ~70 pips into a 1.3342 session low, where buyers stepped in twice to form a double-bottom base. Price has since ground back to 1.3367, sitting on the 38.2% retrace of that decline with RSI(14) near 61; reclaim of 1.33790 is needed to re-engage 1.3400.

Support: 1.3352, 1.3342

Resistance: 1.3379, 1.3400

What it said to watch

  • Close below 1.33420 session low confirms a lower low and resumes the decline
  • Reclaim of 1.33790 prior low opens the 1.34000 200-dma
  • BoE Gov Bailey speech 20:00 GMT could materially shift this read

05:32 UTC

Recovering off session lows · RSI 58 · price 1.33668

Double-bottom base, grinding higher.

Cable sold from the 1.3411 high through London-NY to base twice at 1.33421, forming a double bottom, then ground back up to 1.33668 through the quiet Asia session. RSI(14) recovered to the high-50s; price now sits mid-way in the 1.3342–1.3411 decline with 1.3379 the next overhead marker.

Support: 1.33517, 1.33421

Resistance: 1.3379, 1.3400

What it said to watch

  • Reclaim of 1.33790 opens the path back to the 1.3400 200-dma
  • Loss of 1.33421 double-bottom low reopens the downtrend
  • BoE Gov Bailey speech today 20:00 GMT could shift this read

05:17 UTC

Downtrend stalling, basing · RSI 55 · price 1.3362

Tight consolidation above session low.

Cable sold off from 1.3411 to 1.3342 through the prior London-NY sessions on the haven-USD bid, then based twice at 1.3342 and clawed back to 1.3362. Asian hours now grind in a tight 1.3352-1.3362 range with RSI(14) back near neutral; the 200-DMA at 1.3400 caps overhead.

Support: 1.3352, 1.3342

Resistance: 1.3382, 1.3400

What it said to watch

  • M15 close above 1.3382 opens the path back to the 1.3400 pivot
  • Loss of 1.3352 re-exposes the 1.3342 session low
  • US CPI Tue 12:30 GMT is the asymmetric swing factor for this range

05:16 UTC

Downtrend easing into consolidation · RSI 61 · price 1.3362

Recovering off session low, sub-swing-high.

Cable sold off from the 1.3411 early-session high down to a 1.3342 session low, then based around 1.3345 and ground back to 1.3362 through the Asia session. Price is consolidating just under the 1.3364 swing high; RSI mid-range, ATR compressed at ~6 pips.

Support: 1.3345, 1.3342

Resistance: 1.3364, 1.3400

What it said to watch

  • M15 close above 1.3364 swing high extends the recovery toward the 1.3400 200-dma
  • Failure to hold the 1.3345 base reopens the 1.3342 session low
  • 200-dma at 1.3400 is a repeated rejection zone — area to watch on any push higher
  • BoE Bailey 20:00 GMT and US CPI Tue 12:30 GMT could materially shift this read

05:01 UTC

Downtrend stalling, now flat · RSI 53 · price 1.3359

Consolidation near session lows.

Cable slid off 1.3410 through the NY-Asia handover, basing at 1.3342 before recovering to the 1.3360 handle. Thin overnight session has compressed ranges into a tight 1.3355-1.3364 consolidation, RSI(14) back to neutral near 53.

Support: 1.3355, 1.3342

Resistance: 1.3364, 1.3374

What it said to watch

  • US CPI at 12:30 UTC could break the 1.3355-1.3364 consolidation either way
  • BoE Bailey 20:00 UTC is the next catalyst for direction
  • M15 close below 1.3342 confirms a lower-low; close above 1.3364 opens 1.3374

05:01 UTC

Downtrend stalling, now flat · RSI 51 · price 1.3359

Consolidating near session lows after a lower-low sequence.

Cable drifted lower through the overnight session from 1.3411 to a session low at 1.3342, pressured by oil-driven USD strength and a soft UK BRC retail print. Price is now consolidating in a tight 1.3355-1.3364 band into the London handover, RSI(14) flat near 50 with no directional setup in play.

Support: 1.3342, 1.3355

Resistance: 1.3364, 1.3400

What it said to watch

  • M15 close below 1.3342 confirms a fresh lower-low
  • Reclaim of 1.3400 psych would break the sub-1.3400 range read
  • BoE Gov Bailey speech 20:00 UTC could materially shift this read

04:47 UTC

Prior downtrend, now flat · RSI 54 · price 1.33606

Basing after decline, tight range.

Cable slid through the 07-13 London/NY sessions from 1.3411 to a 1.3342 session low, then based. Asian session is dead-quiet with ATR sub-5 pips, ranging 1.3355–1.3364 and RSI(14) neutral near 54.

Support: 1.3355, 1.3342

Resistance: 1.3364, 1.3372

What it said to watch

  • M15 close above 1.3364 opens the path back toward 1.3372
  • Loss of 1.3342 confirms a fresh lower low
  • US CPI 12:30 UTC and Bailey 20:00 UTC could break this range

04:46 UTC

Downtrend stalled, basing · RSI 58 · price 1.33606

Consolidation above session low after decline.

Cable sold off through London-NY into a 1.33417 session low, then based and ground back to 1.33639 before settling into a tight 1.3350-1.3364 range during the quiet Asian session. RSI(14) near 58, no extreme; price holding just above EMA20/50 with volume thinning into the low.

Support: 1.33544, 1.33488, 1.33417

Resistance: 1.33639, 1.3379

What it said to watch

  • US CPI 12:30 UTC could break the 1.3350-1.3364 Asian range
  • BoE Bailey 20:00 UTC is the later catalyst
  • M15 close below 1.33544 puts the 1.33417 session low back in play
  • reclaim above 1.33639 opens the 1.33790 prior swing

04:32 UTC

Downtrend stalling, basing near lows · RSI 55 · price 1.33602

Consolidation above session floor after decline.

Cable sold off through the London-NY session from 1.3411 to a 1.3342 session floor, where equal lows formed a double bottom during Asia. Price has since ground back to 1.3360, holding above EMA20 but capped below the 1.3364 swing high; RSI(14) mid-range near 55, no extreme.

Support: 1.3342, 1.3352

Resistance: 1.3364, 1.3380

What it said to watch

  • US June CPI at 12:30 UTC and Warsh testimony at 14:00 UTC can override this intraday read
  • Loss of 1.3342 session low confirms a lower-low and breaks the double bottom
  • Reclaim of 1.3380 prior high reopens the 1.3400 handle
  • BoE Bailey speech at 20:00 UTC is the next GBP catalyst

04:31 UTC

Intraday downtrend, basing · RSI 54 · price 1.33602

Sold off from 1.3411, now consolidating near lows.

Cable sold off through London-NY from 1.3411 to a 1.3342 swing low as oil-shock USD strength and soft UK BRC retail sales weighed. Asian session is now consolidating 1.3350-1.3364 with RSI(14) recovered to the mid-50s; buyers stepped in twice around 1.3350.

Support: 1.3350, 1.3342, 1.3320

Resistance: 1.3364, 1.3400

What it said to watch

  • US CPI at 12:30 UTC could materially shift this read
  • M15 close above 1.3364 opens the path back toward 1.3400
  • Loss of 1.3342 confirms a fresh lower-low
  • BoE Bailey speech 20:00 UTC — high-impact catalyst

04:17 UTC

Downtrend stalled, grinding higher off session low · RSI 57 · price 1.33596

Basing after selloff, higher lows forming into London open.

Cable sold off from 1.3411 to 1.3342 through the NY session on oil-driven USD strength, then based through Asia and is grinding back to the 1.3364 session high. Higher lows have formed off 1.3342; RSI(14) mid-range near 57, ATR sub-6 pips reflects the thin Asian range.

Support: 1.33544, 1.33421

Resistance: 1.33639, 1.3380

What it said to watch

  • Close above 1.3364 opens the path back toward 1.3380
  • Failure to hold 1.3354 exposes the 1.3342 session low again
  • US CPI 12:30 UTC could materially shift this read

04:17 UTC

Downtrend easing, basing off lows · RSI 54 · price 1.33596

NY sell-off then overnight base, mild recovery.

Cable sold off through the NY session from 1.3412 to a 1.3342 session low as oil-driven USD strength and a soft UK BRC print weighed. The Asian range base held above 1.3352 and price is grinding back toward the 1.3364 session high, RSI(14) recovering to mid-range.

Support: 1.3352, 1.3342

Resistance: 1.3364, 1.3382

What it said to watch

  • Reclaim of 1.3364 session high opens the path back to 1.3382 prior high
  • Failure to hold 1.3352 range base reopens the 1.3342 session low
  • US CPI 12:30 UTC and Bailey 20:00 UTC could materially shift this read

04:02 UTC

Downtrend easing, base forming · RSI 57 · price 1.33601

Double bottom at 1.3342, recovering.

Overnight NY-into-Asia slide from 1.3411 to a 1.3342 double bottom, driven by oil-shock USD demand and a soft UK BRC retail print. Asian session has ground out a shallow recovery to 1.3360 on rising lows, RSI back near 57. Session high at 1.3364 caps the bounce so far.

Support: 1.33421, 1.3352

Resistance: 1.3364, 1.3390

What it said to watch

  • M15 close above 1.3364 opens the path to 1.3390
  • Loss of 1.3342 confirms a lower low and breaks the double bottom
  • US CPI 12:30 UTC and BoE Bailey 20:00 UTC could materially shift this read

04:02 UTC

Downtrend, stabilising off lows · RSI 54 · price 1.33601

Session decline into base, grinding higher.

GBPUSD sold from the 1.3411 session high down to 1.3342 through NY hours as oil-driven USD demand weighed, then based and ground back to 1.336 in Asia. Price is stalling into 1.3364 recent high with RSI(14) back near mid-range; sub-1.3400 range trade intact.

Support: 1.3352, 1.3342, 1.3357

Resistance: 1.3364, 1.3379, 1.3411

What it said to watch

  • US CPI 12:30 UTC and BoE Bailey 20:00 UTC could materially shift this read
  • Close above 1.3379 invalidates the recovery-into-supply read
  • Failure to hold 1.3352 reopens the 1.3342 session low

03:46 UTC

Downtrend easing, basing · RSI 55 · price 1.3361

Session slide into a 1.3342 base, consolidating.

Cable ground lower through the NY session from the 1.34115 high to a 1.3342 base, where buyers stepped in twice to form a double bottom. Asia hours are lifting price back toward the 1.3364 session pivot, RSI(14) recovering to mid-range with ATR compressing to ~6 pips.

Support: 1.3342, 1.3345, 1.3320

Resistance: 1.3364, 1.3400, 1.34115

What it said to watch

  • Loss of 1.3342 confirms a lower-low and reopens 1.3320 range floor
  • Reclaim of 1.3400 shifts the read back toward 1.34115
  • BoE Gov Bailey speech 20:00 UTC could materially shift this read

03:46 UTC

Downtrend stalling, basing off lows · RSI 57 · price 1.3361

Double bottom at 1.3342, grinding higher.

GBPUSD carved a double bottom at 1.3342 during the London-NY session and Asia has ground it back to 1.3361, RSI(14) recovering to ~57. Cable slipped earlier on oil-driven USD demand and a soft UK BRC retail print; price now retesting the 1.3375 prior-swing zone from below.

Support: 1.3352, 1.3342

Resistance: 1.3375, 1.34115

What it said to watch

  • M15 close above 1.3375 opens the path to 1.34115
  • Loss of 1.3342 double bottom confirms a fresh lower low
  • BoE Bailey speech 20:00 UTC could materially shift this read

03:32 UTC

Downtrend stabilising, shallow recovery · RSI 58 · price 1.33593

Basing after selloff, higher lows into 1.3360.

Cable sold from the 1.3411 session high down to 1.3342 through the NY session, then based sub-1.3350 as oil-driven USD demand capped upside. Asian hours have ground a slow recovery back to the 1.3360 range top, RSI(14) mid-range near 58 — no extreme in play.

Support: 1.3345, 1.3342

Resistance: 1.3360, 1.3379

What it said to watch

  • M15 close above 1.3360 opens the path back toward 1.3379
  • Failure to hold the 1.3345 base risks a retest of the 1.3342 swing low
  • BoE Gov Bailey speech 20:00 UTC — HIGH impact, could reset the range read

03:31 UTC

Downtrend stabilising, basing · RSI 55 · price 1.33593

Range after decline, higher lows forming.

Cable sold off through the NY session from 1.3411 to a 1.3342 base, then ground out a shallow Asian-hours recovery now capped at the 1.3360 range top. RSI(14) neutral near 55 with price coiling in a tight 1.3348–1.3360 band into the London open.

Support: 1.33485, 1.33417

Resistance: 1.3360, 1.3372

What it said to watch

  • M15 close above 1.3360 opens the path to 1.3372
  • Loss of 1.3348 exposes the 1.3342 session low
  • US CPI at 12:30 UTC and BoE Bailey at 20:00 UTC could break this range

03:17 UTC

Downtrend easing into consolidation · RSI 55 · price 1.3357

Basing above session lows after London/NY sell-off.

London/NY sold cable from 1.3411 down to 1.3342; the Asian session is now consolidating in a tight 1.3352-1.3360 band on thin volume with GBP still soft after the weak BRC retail print. RSI mid-range and a modest bounce off the lows keep price pinned just under the session high.

Support: 1.3352, 1.3342

Resistance: 1.3360, 1.3379

What it said to watch

  • M15 close above 1.3360 session high opens the path back toward 1.3379 prior swing
  • Failure to hold 1.3352 range floor exposes the 1.3342 swing low
  • BoE Gov Bailey speech 20:00 UTC (HIGH) could materially shift this read

03:16 UTC

Downtrend easing, consolidating near lows · RSI 54 · price 1.3357

Range after impulse lower, holding above swing low.

Cable sold off through London-NY from 1.3411 to a 1.3342 swing low as oil-driven USD demand capped GBP, then stabilised into a tight Asian-session range around 1.3355. RSI(14) has recovered to mid-range and price sits just above the EMA20 but below the EMA50 near 1.3360 — recovery stalling into the 23.6% retracement.

Support: 1.3342, 1.3352

Resistance: 1.3360, 1.3375

What it said to watch

  • M15 close below 1.3342 confirms a lower-low continuation
  • Reclaim of 1.3360 ema50 needed to challenge 1.3375
  • BoE Bailey speech 20:00 UTC could shift the range read

03:02 UTC

Prior downtrend, basing · RSI 56 · price 1.33575

Recovery off 1.3342 swing low, sub-1.3360.

Cable slid through the prior session from 1.3411 to a 1.3342 swing low on oil-driven USD strength and soft UK BRC retail sales, then based and ground back to 1.33575 — the 23.6% retracement of that drop. Asian hours are quiet, RSI mid-range, price holding just under the 1.3360 session high.

Support: 1.3352, 1.33417

Resistance: 1.33599, 1.3368

What it said to watch

  • Close above 1.3360 session high opens the path toward 1.3368
  • Failure to hold 1.3352 asian low reopens the 1.3342 swing low
  • US CPI 12:30 UTC and BoE Bailey 20:00 UTC could materially shift this read

03:01 UTC

Downtrend easing, base forming · RSI 56 · price 1.33575

Sold off from 1.3411, basing near 1.3342.

Cable slid from 1.3411 to a 1.3342 base through the NY session as oil-driven USD demand capped Sterling. Asia has ground the recovery back to 1.3358, holding above the base with RSI(14) mid-range near 56; session high 1.3360 caps for now.

Support: 1.33513, 1.33417

Resistance: 1.33599, 1.3368

What it said to watch

  • Reclaim above 1.33680 would negate the intraday downtrend
  • Loss of 1.33417 base confirms a fresh lower low
  • US June CPI 12:30 UTC could reset the USD-side read

02:47 UTC

Downtrend, recovering off lows · RSI 57 · price 1.3358

Base building above session low after intraday sell-off.

Cable sold off from 1.3411 through the prior session to a low at 1.3342, pressured by oil-driven USD strength and a weak UK BRC retail print. A quiet Asian session has ground back to 1.3358, holding above the 1.3350 swing low with the 1.3360 pivot capping so far.

Support: 1.3350, 1.3342, 1.3320

Resistance: 1.3360, 1.3375, 1.3400

What it said to watch

  • Reclaim of 1.3375 prior high would confirm the recovery extends
  • Loss of 1.3342 session low opens the 1.3320 range floor
  • US CPI 12:30 UTC and BoE Bailey 20:00 UTC could reset this read

02:46 UTC

Downtrend base, recovering · RSI 57 · price 1.3358

Double bottom off session low, grinding up.

Cable sold off through the prior session to 1.3342 on oil-driven USD demand, then carved a double bottom and is grinding higher into thin Asian hours, now 1.3358. Recovery holding above EMA20/50 but capped at the 1.3360 recent high.

Support: 1.3352, 1.3342

Resistance: 1.3360, 1.3379

What it said to watch

  • Close above 1.3360 opens the path to 1.3379
  • Loss of 1.3342 confirms a lower low and voids the double bottom
  • BoE Bailey speech 20:00 UTC could materially shift this read

02:32 UTC

Downtrend easing into consolidation · RSI 56 · price 1.3359

Recovered off session low, capped near 1.3360.

Cable slid through NY hours to a 1.3342 session low near the Bailey headlines, then based overnight and ground back to the 1.3360 pivot. Asian session is holding a tight 1.3342–1.3360 band with RSI(14) neutral near 56; move off the low has been shallow relative to the earlier drop from 1.3411.

Support: 1.3342, 1.3320

Resistance: 1.3360, 1.3368, 1.3380

What it said to watch

  • M15 close above 1.3360 opens the path to 1.3368/1.3380
  • Failure to hold 1.3342 confirms a lower low toward 1.3320 floor
  • US CPI 12:30 UTC / Bailey 20:00 UTC could break this range

02:32 UTC

Downtrend stalling, corrective bounce · RSI 59 · price 1.3359

Double bottom off session low, recovering.

Cable sold off through the NY session from 1.3411 to a 1.3342 session low, then twice held 1.3342 to form a double bottom during thin Asia hours. Price is grinding back to 1.3359, retracing the down leg with RSI(14) recovering near 59; prior swing at 1.3375 is the first area to watch.

Support: 1.3342, 1.3320

Resistance: 1.3375, 1.3411

What it said to watch

  • US CPI at 12:30 UTC could break the sub-1.3400 range in either direction
  • Loss of 1.3342 session low confirms a lower-low toward the 1.3320 range floor
  • M15 close above 1.3375 prior swing extends the corrective bounce
  • BoE Bailey 20:00 UTC is a later high-impact catalyst

02:17 UTC

Downtrend, basing into Asia · RSI 55 · price 1.33578

Sold off to 1.3342, now consolidating low 1.3350s.

Cable ground lower through NY into the Asia session, tagging 1.3342 before basing in the low 1.3350s on thin overnight volume. Price is grinding back above EMA20 toward the 1.3360 pivot, but the descending highs from 1.3411 still cap; move stays range-bound sub-1.3400 as USD holds firm on the oil bid.

Support: 1.33488, 1.33417

Resistance: 1.3360, 1.3368, 1.3379

What it said to watch

  • Close above 1.3360 pivot then 1.3368 would break the descending-highs sequence
  • Failure to hold 1.3342 session low confirms a lower-low
  • US CPI 12:30 UTC and Bailey 20:00 UTC later today can materially shift this read

02:16 UTC

Intraday downtrend, base building · RSI 57 · price 1.33578

Sold off then consolidating above session low.

Cable declined through London/NY from ~1.3411 to a 1.3342 session low, then based and clawed back to 1.3358 in thin Asian trade. RSI(14) has recovered toward mid-range from oversold; price is grinding just above EMA20 with no clean directional break in play.

Support: 1.3342, 1.33513

Resistance: 1.3366, 1.3379

What it said to watch

  • Reclaim of 1.3366 swing high would extend the recovery toward 1.3379 prior high
  • Failure to hold the 1.3342 session low confirms lower-low continuation
  • US CPI at 12:30 UTC could materially shift this read

02:02 UTC

Downtrend, momentum flattening · RSI 45 · price 1.3355

Lower highs into a base near session lows.

Cable sold off through London/NY from 1.3411 to a 1.3342 swing low, in line with the firm-USD, range-fade tone. Asian session is now basing in a tight 1.3342–1.3357 band with RSI recovering off the lows; range top still capping.

Support: 1.3342, 1.3320

Resistance: 1.3357, 1.3390

What it said to watch

  • M15 close above 1.3357 range top reopens 1.3390
  • Break below 1.3342 swing low confirms a lower low toward 1.3320
  • US CPI (12:30 UTC) and Bailey (20:00 UTC) ahead could reset this range

02:01 UTC

Downtrend overnight, now flat · RSI 56 · price 1.3355

Consolidating above a double bottom after the decline.

Cable faded from 1.3411 through the London-NY session to a 1.3342 double bottom as USD caught safe-haven flows and a soft UK BRC retail print weighed on GBP. Price is now consolidating 1.3342-1.33575 in thin Asian hours, RSI(14) mid-range with no directional edge.

Support: 1.3342, 1.3350

Resistance: 1.33575, 1.3363

What it said to watch

  • M15 close below 1.3342 confirms a lower low and breaks the double bottom
  • Close above 1.33575 reopens the 1.3363 swing high
  • BoE Bailey speech at 20:00 UTC is the key near-term catalyst

01:46 UTC

Downtrend, momentum flattening · RSI 48 · price 1.33535

Consolidating near session lows after decline.

Cable faded from the 1.34115 session high through London/NY on firm USD safe-haven flows, then based out at 1.33417 overnight. Asia hours now ranging 1.33420–1.33575 with RSI recovering toward neutral; recent highs capped at 1.33575.

Support: 1.33417, 1.33513

Resistance: 1.33575, 1.3368, 1.34115

What it said to watch

  • M15 close above 1.33575 opens a retest of the 1.33680 swing high
  • Loss of 1.33417 overnight low confirms continuation of the downtrend
  • BoE Bailey (20:00 UTC) is the key near-term catalyst and could reset this range

01:46 UTC

Downtrend stalling, basing · RSI 48 · price 1.33535

Double bottom at 1.3342, consolidating.

Cable sold off from 1.3411 through the NY session into a 1.3342 low, then printed a matching low in Asia hours to form a double bottom on thin volume. Price is now consolidating 1.3342–1.3357 with RSI(14) recovering to neutral; softer BRC retail sales added marginal overnight pressure.

Support: 1.3342, 1.3320

Resistance: 1.3357, 1.3390

What it said to watch

  • Close above 1.3357 opens the path back to 1.3390
  • Failure to hold 1.3342 exposes the 1.3320 range floor
  • US CPI 12:30 UTC and Bailey 20:00 UTC are near-term catalysts that could shift this read

01:32 UTC

Downtrend, momentum flat · RSI 48 · price 1.3352

Faded from 1.3411, basing near 1.3342.

Cable rolled over from the 1.3411 high through the NY session to a 1.3342 low as the USD held a safe-haven bid, aided by the soft BRC print overnight. Price is now grinding sideways in thin Asia hours around 1.3352, holding just above EMA20 with RSI(14) neutral near 47.

Support: 1.3342, 1.3332

Resistance: 1.3357, 1.3368

What it said to watch

  • M15 close below 1.3342 exposes the 1.3332 range floor
  • Reclaim of 1.3357 needed to challenge the descending highs at 1.3368
  • US CPI (12:30 UTC) and BoE Bailey (20:00 UTC) are the near-term catalysts that could break this thin range

01:32 UTC

Downtrend, momentum flattening · RSI 49 · price 1.3352

Session low bounce, consolidating.

Cable drifted down through the NY session from the 1.3411 peak, bottoming at 1.3342 before stabilising; the soft BRC retail print and firm USD kept the tone heavy. Now consolidating 1.3342-1.3357 in a thin, low-volume Asian session with RSI back near neutral.

Support: 1.3342, 1.3320

Resistance: 1.3357, 1.3390

What it said to watch

  • M15 close above 1.3357 opens the path back to 1.3390
  • Failure to hold 1.3342 exposes 1.3320 range floor
  • US CPI at 12:30 UTC and Bailey at 20:00 UTC are the day's catalysts

01:17 UTC

Downtrend stalling, low-side consolidation · RSI 47 · price 1.33536

Sold off to session low, basing above 1.3342.

Cable bled through NY hours to a 1.3342 session low, where buyers stepped in twice, and price has since recovered to 1.3352 in thin early-Asia trade. RSI(14) has lifted off its lows to ~47; the descending resistance off 1.3411 still caps and price holds under the EMA50.

Support: 1.33417, 1.3336, 1.3332

Resistance: 1.33571, 1.3360, 1.33828

What it said to watch

  • M15 close above 1.3360 breaks the descending resistance and opens 1.3383
  • Failure to hold 1.3342 confirms a lower-low toward 1.3336/1.3332
  • US CPI (12:30 UTC) and Bailey (20:00 UTC) later today are the key catalysts for this pair

01:16 UTC

Downtrend, basing near lows · RSI 52 · price 1.33536

Lower highs into a floor around 1.3342.

Cable trended lower through NY into a 1.3342 floor, tracking the firmer USD on Iran safe-haven flows, then went quiet through the thin Asia rollover. Current Asia session has clawed back to 1.3354 with RSI(14) recovering off oversold toward the midline; price sits above EMA20 but capped by EMA50.

Support: 1.3342, 1.3334

Resistance: 1.33609

What it said to watch

  • M15 close back above 1.33609 needed to break the lower-high chain
  • Loss of 1.33420 reopens the 1.33340 low
  • US CPI (12:30 UTC) and Bailey (20:00 UTC) are the near-term catalysts that could break this range

01:01 UTC

Downtrend, basing at lows · RSI 46 · price 1.3352

Faded from 1.3411, holding 1.3342 double base.

Cable faded from the 1.3411 London high through the NY session, bottoming twice at 1.33421 to print a double bottom before basing near 1.3352 in quiet Asia trade. RSI(14) has recovered from oversold into the mid-40s; the descending sequence of lower highs off 1.3411 still caps.

Support: 1.3342, 1.3320

Resistance: 1.3357, 1.3360, 1.3402

What it said to watch

  • M15 close above 1.3360 breaks the lower-high sequence
  • Failure to hold 1.3342 confirms a fresh lower low toward 1.3320
  • US CPI 12:30 UTC and BoE Bailey 20:00 UTC could materially shift this read

01:01 UTC

Downtrend, momentum flattening · RSI 48 · price 1.3352

Lower highs into overnight consolidation.

Cable ground lower from 1.3411 through the NY session to a 1.3342 session low, then flattened into thin Asia hours near 1.3350. Momentum has cooled with RSI back around neutral; price is coiling just above the session low with no fresh direction.

Support: 1.3342, 1.3320

Resistance: 1.3390, 1.3411, 1.3445

What it said to watch

  • M15 close below 1.3342 extends the lower-low sequence toward 1.3320
  • Reclaim of 1.3390 would neutralise the intraday downtrend
  • BoE Bailey speech (20:00 UTC) is the near-term catalyst that could break this range

00:46 UTC

Downtrend, stabilising near lows · RSI 51 · price 1.3354

Lower highs off 1.3411, consolidating above 1.3342.

Cable faded from 1.3411 through the London-NY session down to a 1.3342 session low, then chopped sideways through thin overnight Asia liquidity. Price is grinding back to 1.3354 off that low with RSI(14) neutral near 51; 1.3360 swing high caps the recovery so far.

Support: 1.3342, 1.3332

Resistance: 1.3360, 1.3380

What it said to watch

  • M15 close above 1.3360 swing high would break the lower-high sequence
  • Loss of 1.3342 session low exposes the 1.3332 range floor
  • US CPI (12:30 UTC) and Bailey (20:00 UTC) later today are the near-term catalysts

00:46 UTC

Downtrend, momentum flattening · RSI 51 · price 1.3354

Lower highs into overnight base.

NY session sold cable off the 1.3411 day high down to 1.3342 as the USD held a safe-haven bid; Asia has since based thin between 1.3345 and 1.3355. Last few bars ticked up to 1.3354 with RSI back near neutral, but price is still capped under the 1.3360 pivot.

Support: 1.3342, 1.3320

Resistance: 1.3360, 1.3390, 1.3411

What it said to watch

  • M15 close above 1.3360 negates the lower-high sequence and opens 1.3390
  • Loss of 1.3342 session low confirms continuation toward 1.3320
  • BoE Bailey speech (20:00 UTC) is the key catalyst that could shift this read

00:31 UTC

Downtrend, momentum stalling · RSI 42 · price 1.33444

Lower highs into late-session breakdown.

Cable ground lower through the London-NY session from 1.3411 to test 1.3342, then coiled in a tight low-volume Asian range around 1.3345-1.3352. The final bar slipped back to 1.33417, retesting the session low as the firm USD tone caps rallies.

Support: 1.33417, 1.3332

Resistance: 1.33528, 1.3360

What it said to watch

  • Loss of 1.33417 confirms a fresh lower-low toward 1.3332
  • M15 close back above 1.33528 negates the breakdown
  • BoE Bailey (20:00 UTC) is the key near-term catalyst

00:31 UTC

Downtrend, drifting lower · RSI 43 · price 1.33444

Lower highs, session low broken.

Cable stair-stepped lower from the 1.34115 high, then chopped in a thin 1.3345–1.3352 band through Asia before a late break to the 1.33417 session low. RSI(14) near 42, price pinned under EMA20/50 with no bounce yet.

Support: 1.33417, 1.3320

Resistance: 1.33528, 1.3360

What it said to watch

  • Loss of 1.33417 opens the path toward the 1.3320 range floor
  • M15 close back above 1.33528 negates the fresh lower low
  • BoE Bailey speech (20:00 UTC) is the key near-term catalyst

00:16 UTC

Downtrend, now flat · RSI 46 · price 1.33484

Consolidation above session low after NY sell-off.

Cable faded through the NY session from ~1.3411 down to a 1.3342 swing low, and has since gone flat in thin Asian trade, coiling in a tight 1.3342–1.3353 band. RSI(14) sits mid-range near 46 with no momentum edge; the soft BRC retail print added a marginal overnight drag.

Support: 1.33417, 1.3320

Resistance: 1.3353, 1.3390

What it said to watch

  • Break below 1.3342 swing low exposes the 1.3320 range floor
  • M15 close above 1.3353 session high reopens the 1.3390 area
  • BoE Bailey speech 20:00 UTC is the key near-term catalyst

00:16 UTC

Intraday downtrend, now flat · RSI 47 · price 1.33484

Consolidation at session lows after sell-off.

Cable sold off through the London-NY session from ~1.3411 to a session low at 1.3342, pressured by firm USD safe-haven flows and a soft BRC retail print. Price is now pinned in a tight 1.3342–1.3352 band through low-volume Asia hours, RSI(14) back to neutral.

Support: 1.3342, 1.3320

Resistance: 1.3352, 1.3360, 1.3390

What it said to watch

  • M15 close below 1.3342 opens the path to the 1.3320 range floor
  • Reclaim of 1.3360 would undo the intraday lower-low structure
  • BoE Bailey speech 20:00 UTC is the key near-term catalyst

00:02 UTC

Downtrend, momentum flattening · RSI 47 · price 1.33499

Lower highs into tight consolidation at session low.

Cable drifted lower through NY hours from 1.3411 to a 1.3342 session low, then settled into a tight 1.3345–1.3352 band during thin Asia trade. Momentum has flattened, RSI(14) back to mid-range near 47 after the downleg; USD safe-haven bid off US-Iran headlines capped the earlier bounce.

Support: 1.33422, 1.3332

Resistance: 1.33525, 1.3363

What it said to watch

  • Close above 1.33525 range top would break the consolidation and challenge the 1.3363 swing high
  • Loss of 1.33422 session low opens the path toward the 1.3320 range floor
  • BoE Gov Bailey speech (20:00 UTC) could materially shift this read

00:01 UTC

Downtrend, now flat at lows · RSI 47 · price 1.33499

Compression after intraday sell-off.

Cable slid from 1.34115 through the London-NY sessions to a 1.33417 swing low, then coiled into a tight 1.33417–1.33525 range through the thin Asia hours. RSI(14) sits mid-range near 47 and ATR has collapsed to ~4 pips — no directional impulse in play.

Support: 1.33417, 1.3340

Resistance: 1.33525, 1.33605

What it said to watch

  • M15 close above 1.33525 breaks the overnight range top
  • Loss of 1.33417 confirms a lower low toward 1.3340
  • BoE Bailey 20:00 UTC and US CPI are near-term catalysts that could break this range

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