Two-way range 1.3342-1.3445, higher lows recently.
GBPUSD has been pinned below the 200-day SMA near 1.3400 all week, with a NY-session spike to 1.3443 yesterday faded straight back — the dollar giving back CPI-day losses after June's soft print offset by USD haven flow. Price is now grinding on a series of higher lows off the 1.3342 week low, sitting just above EMA20/EMA50 with RSI(14) mid-range near 52. The 1.3400 cap remains the pivot for the week.
Support: 1.3360, 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
H1 close above 1.3400 opens the 1.3445 range top
Failure to hold 1.3360 exposes the 1.3342 week low then 1.3320 floor
UK GDP Thu 06:00 GMT and BoE Pill Wed could shift this range read
Range below 200-day SMA, higher lows off week low.
GBPUSD is grinding back toward the 200-day SMA near 1.3400 after basing at the 1.3342 week low, with the recovery accelerating during Monday's NY session as the dollar gave back CPI-day gains. Price holds above EMA(20) with RSI(14) mid-range around 54; the 1.3400 cap has rejected rallies twice this week and remains the pivot. Broader structure is the 1.3320–1.3445 weekly range.
Support: 1.3382, 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
H1 close above 1.3400 (200-day sma) opens the 1.3445 range top
Failure to hold 1.3342 week low exposes the 1.3320 range floor
US PPI Wed 12:30 GMT and UK GDP Thu 06:00 GMT could break the range
22:02 UTC
Range-bound, no clear trend · RSI 52 · price 1.33864
Sideways range, higher lows into the cap.
GBPUSD gapped lower into Monday's open and has since carved a 1.3342-1.3443 range, with the 200-day SMA near 1.3400 capping every push higher. A USD leg lower as the CPI miss unwound drove a spike to 1.3443 during NY hours yesterday, but rejection there dragged price back to ~1.3386. RSI(14) sits mid-range and price is hugging EMA20 with higher lows building off 1.3342.
Support: 1.3380, 1.3360, 1.33417
Resistance: 1.3400, 1.34431, 1.3445
What it said to watch
Hourly close above 1.3400 200-day sma would open the 1.3445 range top
Loss of the 1.3342 week low confirms a lower low and breaks the range floor
UK GDP Thu 06:00 GMT is the key catalyst that could break this range
22:01 UTC
Range, recovering off lows · RSI 54 · price 1.33864
Range beneath 1.3400 cap, higher lows building.
GBPUSD has spent the week pinned in a 1.3342–1.3443 range beneath the 200-day SMA near 1.3400, which capped the pair repeatedly. A NY-session spike to 1.34431 was rejected and faded back into the range as the dollar gave back CPI-day gains after the broad June inflation miss. Price has since based around 1.3377 and is grinding back to the EMA20, with RSI(14) cycling near the midline.
Support: 1.3377, 1.3342, 1.3320
Resistance: 1.3400, 1.3443
What it said to watch
H1 close above 1.3400 opens the 1.3443 range top
Failure to hold 1.3377 reopens 1.3342 then 1.3320 range floor
Warsh testimony (Wed 14:00 GMT) and UK GDP (Thu) could reset this range read
21:02 UTC
Range, capped at 200-day sma · RSI 53 · price 1.33905
Recovery off week low, pinned below 1.3400.
Soft US CPI yesterday sparked a spike to 1.34431, but the move was rejected at the 200-day SMA near 1.3400 and faded straight back, leaving a false break above the level that has capped rallies for two weeks. Price has since recovered off the 1.3342 week low and is consolidating around 1.3390, holding just above the H1 EMA(20) with RSI(14) cycling back through the mid-50s. The 1.3377–1.3400 band frames the current session range.
Support: 1.3377, 1.3342
Resistance: 1.3400, 1.34431
What it said to watch
Decisive H1 close above 1.3400 (200-day sma) opens the 1.3445 range top
Loss of 1.3377 session low reopens the 1.3342 week low
GBPUSD remains pinned in a 1.3340–1.3445 range, with the 200-day SMA near 1.3400 capping every attempt higher this week. The NY-session spike to 1.34431 was rejected sharply and price faded back to ~1.339 as the dollar clawed back some post-CPI softness. Price sits just above EMA20 with RSI(14) mid-range near 51 — no directional conviction on this timeframe.
Support: 1.3376, 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
H1 close above 1.3400 (200d sma) opens the 1.3445 range top
Failure to hold 1.3376 (ema20) exposes the 1.3342 week low then 1.3320 range floor
BoE Pill (Wed) and UK GDP (Thu) are the near-term catalysts that could break the range
Cable spent the week boxed under the 200-day SMA near 1.3400; yesterday's soft-US-CPI spike to 1.344 was rejected and price faded straight back into the 1.3360–1.3400 range. Price now sits just above EMA20 with RSI(14) mid-range near 52, and the sequence of lower highs since the week high at 1.34515 keeps the range top respected.
Support: 1.3368, 1.3342, 1.3320
Resistance: 1.3400, 1.3423, 1.34515
What it said to watch
H1 close above 1.3400 (200-dma) would open the path back to the 1.34230 spike high
Loss of 1.3368 session low exposes the 1.3342 swing low then 1.3320 range base
Bailey speech 20:00 UTC could materially shift this read
Cable spiked to 1.3443 on the soft US June CPI print but the move was rejected at the 200-day SMA near 1.3400 and faded straight back to mid-range around 1.3387. Price has cycled inside a 1.3342-1.3445 band all week, with the 200-dma the repeated cap and buyers stepping in near the week low. RSI(14) sits neutral around 51 after the failed break.
Support: 1.3378, 1.3342, 1.3320
Resistance: 1.3400, 1.3443
What it said to watch
Bailey speech (20:00 UTC) live — could materially shift this read
H1 close above 1.3400 opens the path back to the 1.3443 week high
Failure to hold 1.3342 confirms a lower-low and exposes the 1.3320 range base
19:02 UTC
Range-bound, two-way · RSI 46 · price 1.33832
Range capped near 1.3400, holding above week lows.
Cable spiked to 1.3443 on the soft US June CPI print during NY hours yesterday, sweeping the range top before fading the entire move back under 1.3400. Price is now holding just above EMA(20) near 1.3383 with RSI(14) recovering off the low-40s, keeping the 1.3342-1.3445 range intact. The 200-day SMA cluster around 1.3400 has repeatedly capped recovery attempts this week.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
BoE Gov Bailey speech at 20:00 UTC could shift this read within the next bar
Hourly close above 1.3400 opens the path back to the 1.3445 range top
Failure to hold 1.3342 exposes the 1.3320 range base
Rangebound between 1.3342 and 1.3445, 200-day SMA capping.
The soft US June CPI print spiked Cable to 1.3443 during the NY session before it faded straight back below 1.3400, with the 200-day SMA near that figure capping the move once again. Price now sits mid-range at 1.3383, holding above EMA20/EMA50 but with RSI hovering near 50, consistent with the 1.3342-1.3445 box that has framed the week.
Support: 1.3368, 1.3342, 1.3320
Resistance: 1.3400, 1.34431
What it said to watch
Bailey speech at 20:00 UTC could materially shift this read
H1 close above 1.3400 (200-day sma) opens the path to the 1.3443 cpi high
Loss of 1.3342 swing low exposes the 1.3320 range base
18:02 UTC
Range-bound, two-way · RSI 49 · price 1.33775
Range between 1.3320 and 1.3445, mid-range.
Cable spent early week rejected at the 200-day SMA near 1.3400 then slid to a 1.3342 swing low before demand stepped in twice around 1.3345. The soft US CPI print spiked price to 1.3443 in the NY session before supply capped it back below 1.3400, leaving the pair mid-range near 1.3378 and hugging EMA20. Structure stays contained inside the 1.3320-1.3445 band.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
BoE Gov Bailey speech 20:00 UTC could shift this read
H1 close above 1.3400 (200-day sma) opens the path toward 1.3445 week high
Failure to hold 1.3342 swing low confirms a lower-low
18:01 UTC
Range, capped at 1.3400 · RSI 46 · price 1.33775
Two-way range, lower high after CPI spike.
Cable ran to a near four-week high around 1.3450 early in the week then reversed to 1.3342, keeping the 1.3320–1.3445 range intact. The soft US CPI print spiked price to 1.3443 in the NY session before it faded back below EMA(20) to 1.3378, leaving the 200-day cap near 1.3400 rejected once more. Price now sits mid-range with RSI(14) cycling around 46.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
H1 close above 1.3400 (200-day) opens the path back toward the 1.3445 week high
Failure to hold 1.3342 exposes the 1.3320 range floor
BoE Bailey speech at 20:00 UTC could shift this read
17:02 UTC
Range-bound, capped at 200-dma · RSI 53 · price 1.33892
1.3320–1.3445 range, lower highs into 1.3400.
Cable has spent the week boxed in the 1.3320–1.3445 range with the 200-dma near 1.3400 capping every push, including this session's spike to 1.34431 on the soft US CPI miss that reversed straight back under the level. Price now sits at 1.33892, back above EMA20 after buyers stepped in at the 1.3342 week low, with RSI(14) cycling around the mid-50s. The move has printed a lower high versus Monday's 1.3451 peak, keeping the range-fade structure intact below the 200-dma.
Support: 1.3376, 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
BoE Gov Bailey speech at 20:00 UTC could materially shift this read
H1 close above 1.3400 (200-dma) opens the path back toward the 1.3445 range top
Failure to hold the 1.3342 week low exposes the 1.3320 range floor
17:01 UTC
Range-bound, capped at 200-day SMA · RSI 54 · price 1.33892
Two-way range, mid-week low reclaimed.
Cable spent mid-week grinding down to the 1.3342 week low before recovering, then spiked to 1.34431 during the NY session on the soft US June CPI print. That move was rejected straight back below the 200-day SMA near 1.3400, leaving price at 1.3389 inside the well-worn 1.3320–1.3445 range. Price holds above EMA20 and EMA50 with RSI cycling near the mid-50s.
Support: 1.3375, 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
H1 close above 1.3400 (200-day sma) opens the path to the 1.3445 week high
Failure to hold 1.3375 recent low tilts back toward the range floor at 1.3320
BoE Bailey speech at 20:00 UTC could shift this read
16:02 UTC
Range-bound, capped at 1.3400 · RSI 51 · price 1.33814
1.3342-1.3445 range, 200-day capping.
GBPUSD spiked to 1.3443 on the soft US CPI print during NY hours before being rejected back below the 200-day cap near 1.3400, leaving a false break at the range top. Price has cycled inside the 1.3342-1.3445 range all week and now sits back on the EMA20 near 1.3373 with RSI(14) mid-range after fading the pop.
Support: 1.3373, 1.3342, 1.3320
Resistance: 1.3400, 1.3416, 1.3445
What it said to watch
H1 close above 1.3400 reopens the 1.3445 range top
Failure to hold 1.3342 confirms a lower-low toward the 1.3320 floor
Bailey speech 20:00 GMT could materially shift this read
Cable spiked to 1.34431 on the soft US June CPI print before fading straight back below the 200-day cap at 1.3400, leaving a false break and rejection into the NY session. Price has since retraced most of that impulse, sitting near the 61.8% level around 1.33810 with RSI(14) back at mid-range. The 1.3320-1.3445 weekly range remains intact with 1.3400 the pivotal ceiling.
Support: 1.33796, 1.33422, 1.3320
Resistance: 1.3400, 1.34431
What it said to watch
Hourly close above 1.3400 reopens the 1.34431 week high
Loss of 1.33796 exposes the 1.33422 swing low and range floor at 1.3320
Bailey speech 20:00 GMT could materially shift this read
Sterling based around 1.3342 midweek then surged on the soft June US CPI print, the 1784030400000 bar jumping from 1.3384 to 1.3443 as the dovish miss undercut USD. Price has since eased back to the 1.3400 area — the 200-day EMA pivot flagged in context — holding above H1 EMA20 and EMA50 with RSI cycling in the 55-62 band. The recovery from the weekly low carries a rounded-bottom look, with 1.3443/1.3445 capping the top of this week's range.
Support: 1.3388, 1.3342, 1.3320
Resistance: 1.3443, 1.3445
What it said to watch
BoE Bailey speech 20:00 UTC could materially shift this read
H1 close above 1.3445 range top opens the path higher
Failure to hold 1.3388 weekly open reopens 1.3342
15:01 UTC
Recovering off week low, momentum building · RSI 62 · price 1.34019
Higher lows since Friday's low, testing 1.3400 pivot.
Sterling spiked to 1.3443 on the soft US June CPI print before fading back to the 1.3400 200-day EMA pivot into the NY session. Higher lows have built since the mid-1.33s week low, keeping price above EMA20 and EMA50, but the spike stalled just under the 1.3445 range top and rejected. RSI(14) at ~62 reflects the recovery without stretching into overbought.
Support: 1.3400, 1.3366, 1.3342
Resistance: 1.34431, 1.3445
What it said to watch
H1 close above 1.3445 range top opens range extension
Failure to hold the 1.3400 pivot exposes 1.3366 higher low then 1.3342 week low
BoE Bailey speech 20:00 UTC could materially shift this read
GBPUSD snapped higher into the NY session, clearing 1.3400 after the soft US June CPI print knocked the dollar and priced out hike odds. The move follows a double bottom around 1.3342 that held twice on Tuesday, and price now sits above both EMA(20) and EMA(50) with RSI(14) pushing into the mid-60s. The 200-day EMA/1.3400 handle that capped earlier this week has flipped to intraday support.
Support: 1.3400, 1.33422, 1.3332
Resistance: 1.34431, 1.34515
What it said to watch
BoE Bailey speech 20:00 GMT could shift this read
Close back below 1.3400 negates the breakout and re-opens the week range
Failure to hold 1.3342 confirms the double bottom is broken
Rejection into 1.3445–1.3451 keeps the week-range cap intact
14:01 UTC
Range break higher, momentum building · RSI 67 · price 1.34157
Broke above the week's 1.3320-1.3400 range.
GBPUSD spent most of the week boxed in a 1.3320-1.3400 range before the soft US June CPI print sparked a sharp leg up, spiking to 1.3443 before settling back above the 1.3400 handle. Price is holding above EMA20 and EMA50 with RSI cycling into the mid-60s, confirming the range break higher. The 1.3400 psychological level, which capped attempts earlier in the week, is now the immediate pivot on any pullback.
Support: 1.3400, 1.3356, 1.3320
Resistance: 1.3443
What it said to watch
H1 close back below 1.3400 would negate the range break
1.3443 week high is the area to watch for rejection or extension
BoE Bailey speech 20:00 GMT could materially shift this read
GBPUSD broke above the 1.3400 200-day EMA cap on the 12:30 GMT US CPI spike, a softer print easing the Dollar and driving a run to the 1.3443 session high. Price has printed higher lows since Monday's 1.3342 week low and now sits above EMA20 and EMA50. The 1.3400 psych level is the pivot on any pullback.
Support: 1.3400, 1.3360, 1.3342
Resistance: 1.3443, 1.3445
What it said to watch
H1 close back below 1.3400 negates the breakout retest
Break of 1.3443 session high opens the 1.3445 range top
Failure to hold 1.3360 range mid reopens 1.3342 week low
BoE Bailey speech 20:00 GMT could shift this read
13:01 UTC
Recovery, breaking range top · RSI 66 · price 1.34145
Range break, higher lows off Monday low.
GBPUSD spiked through the 1.3400 200-day EMA cap in the 12:00 GMT bar as the softer US CPI print eased the Dollar, reversing the week's grind lower off Monday's gap. Price has carved a series of higher lows since the 1.3342 base, and RSI(14) has pushed into the mid-60s. The 1.3445 range top and 1.34515 weekly high now stand as the immediate cap.
Support: 1.3400, 1.3360, 1.3320
Resistance: 1.3445, 1.34515
What it said to watch
Hold above the 1.3400 200-day EMA on retest keeps the breakout intact
Loss of 1.3400 back into the range reopens 1.3360 prior low then 1.3320 range floor
A close above 1.3445 range top exposes the 1.34515 weekly high
BoE Bailey speech 20:00 GMT could materially shift this read
Cable gapped lower into the week and slid to 1.3342, then based and recovered to reclaim the H1 EMA(20). The 1.3400/200-DMA handle has repeatedly capped this week's advance, keeping price boxed in the 1.3320-1.3445 range. Price sits near the 38.2% retrace of the week decline as it stabilises ahead of US CPI at 12:30 GMT, the dominant near-term driver.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
US CPI at 12:30 GMT is the dominant near-term driver and could reset this read
H1 close above 1.3400 (200-dma) opens the path to range top at 1.3445
Loss of 1.3342 (week low) exposes the range low at 1.3320
Range within 1.3320-1.3445, recovering off week low.
Cable faded from the ~1.3451 week high after repeated rejection at the 200-DMA/1.3400 handle, gapping lower into Monday and sliding to a 1.3342 low as haven flows favoured the Dollar. Buyers stepped in there through the NY session and price has since reclaimed EMA20/EMA50 near 1.3384, with RSI(14) recovering back toward the mid-50s. The 1.3320-1.3445 range remains intact heading into US CPI.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
US June CPI at 12:30 UTC is imminent and can materially shift this read
H1 close above 1.3400 (200-dma) reopens the path to range top 1.3445
Failure to hold 1.3342 confirms a lower-low toward 1.3320 range low
Cable peaked near the 1.34515 week high mid-week then faded back below the 200d EMA at 1.3400 as US-Iran haven flows lifted the dollar. Price has since based around the 1.33417 week low and recovered to reclaim the EMA20, with RSI(14) back near 52. US June CPI at 12:30 GMT is the dominant near-term catalyst and sits just ahead of this read.
Support: 1.3358, 1.33417, 1.3320
Resistance: 1.33834, 1.3400, 1.34515
What it said to watch
US CPI at 12:30 GMT could materially shift this read within the next bar
Close above 1.3400 (200d ema) opens the path back to the 1.34515 week high
Failure to hold 1.33417 week low confirms a lower-low continuation
11:02 UTC
Downtrend, bouncing off lows · RSI 54 · price 1.33712
Week high faded to base, now recovering.
Cable sold off from midweek's ~1.3451 high down to a 1.3342 week low, then based around 1.3356 and broke higher into today's session, printing 1.3383 before easing back. Price sits above EMA(20) but below EMA(50) with RSI(14) recovering into the mid-50s, while the 200d EMA/1.3400 handle continues to cap upside. US June CPI at 12:30 GMT is the dominant near-term catalyst.
Support: 1.3356, 1.33417, 1.3320
Resistance: 1.3383, 1.3400, 1.3445
What it said to watch
US June CPI at 12:30 GMT could materially shift this read
H1 close above 1.3400 opens the path to the 1.3445 week high
Failure to hold the 1.3356 base risks a retest of the 1.3342 week low
10:01 UTC
Range, recovering off lows · RSI 56 · price 1.33785
Faded from week high, basing above the range floor.
Cable stalled at this-week high near 1.3451 after rejection at the 200-day EMA guarding 1.3400, then slid to a 1.3342 week low into Monday's close before recovering through the NY session to 1.3379. Price has reclaimed EMA20 with RSI(14) cycling back to mid-range as the pair chops inside its 1.3320–1.3445 weekly range. US June CPI at 12:30 GMT is the dominant driver via the USD leg.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
US June CPI at 12:30 GMT — main cable catalyst for the next bars
H1 close above 1.3400 (200d ema) opens the path to 1.3445
Failure to hold 1.3342 confirms a lower low toward the 1.3320 range floor
10:01 UTC
Range, recovering off lows · RSI 53 · price 1.33785
Lower highs from week high, holding above range floor.
Cable topped near 1.3451 early in the week then faded, with the 1.3400 area (200-day EMA) capping every attempt since. Price bled down to the 1.3342 range floor into the NY-Asia handover before buyers reclaimed EMA(20), lifting back toward 1.3380 through the London session. Move sits inside a well-worn 1.3320-1.3451 range with US June CPI the swing factor.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.3451
What it said to watch
US June CPI at 12:30 GMT is the dominant cable catalyst this session
Clean H1 close above 1.3400 opens the path to 1.3451
Failure to hold 1.3342 exposes the 1.3320 range floor
BoE Bailey speech 20:00 GMT could reshape the read
Cable slid from Monday's ~1.3388 open toward the 1.3342 week low into Tuesday's Asia/early London on haven dollar demand from the Hormuz oil story, then based and recovered to 1.3377, reclaiming both EMA20 and EMA50. The 1.3350–1.3400 range remains intact with RSI cycling back through the mid-50s. Price sits mid-range ahead of US CPI at 12:30 GMT, the session's pivot.
Support: 1.3342, 1.3353, 1.3320
Resistance: 1.3400, 1.3412
What it said to watch
US CPI at 12:30 GMT is the immediate driver and could reshape this read
H1 close above 1.3400 range top opens the path toward 1.3445
Failure to hold 1.3342 confirms a lower-low and breaks the range floor
BoE Bailey at 20:00 GMT a later risk to the range
09:01 UTC
Pullback recovering off lows · RSI 54 · price 1.33769
Double-bottom base, near-term bounce.
Cable based twice at 1.3342 through the Asian session and has recovered to 1.3377, breaking the 1.3360 shelf that capped earlier attempts. Price is back above EMA(20) but still under EMA(50), sitting on the 38.2% retracement of the week's 1.3450-to-1.3342 decline. The move sits inside the 1.3350-1.3400 range flagged around the 200-day EMA; US June CPI at 12:30 GMT is the immediate pivot.
Support: 1.3360, 1.3342, 1.3320
Resistance: 1.3384, 1.3400, 1.3445
What it said to watch
US CPI at 12:30 GMT could materially shift this read
Close above 1.3400 (200d ema) opens the path to 1.3445
Failure to hold 1.3342 double bottom confirms a lower low
Cable faded off the 1.3445 week high after repeated rejection at the 200-day EMA guarding 1.3400, sliding through the Monday session and stabilising near 1.3360. Price is hovering around EMA(20) with RSI(14) mid-40s as the market compresses into US June CPI at 12:30 GMT. The swing low at 1.3342 marks the near-term floor of this consolidation.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
US CPI at 12:30 GMT is the immediate driver for this read
Failure to hold 1.3342 swing low opens 1.3320 range floor
Close above 1.3400 200-day EMA would challenge the lower-high sequence
Cable pushed to a near four-week high of 1.3451 mid-window on hawkish BoE repricing, but the 1.3400 range top rejected each attempt and price has faded back toward 1.3345. Since then it has consolidated in a tight band around 1.3358, holding just under EMA20 with RSI(14) recovering off its lows near 46. US June CPI at 12:30 GMT is the immediate driver for the next leg.
Support: 1.3345, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
US CPI at 12:30 GMT — near-term USD swing factor for this range
H1 close above 1.3400 range top would reopen 1.3445 week high
Failure to hold 1.3345 swing low exposes the 1.3320 range floor
07:01 UTC
Downtrend after rejection at 1.3400 · RSI 44 · price 1.33545
Lower highs since Friday's peak, probing week lows.
Cable rallied to a near four-week high ~1.3451 Friday then faded, with the 1.3400 handle and 200-day EMA capping every attempt this week as the oil-driven USD haven bid reasserted. Price now sits below EMA20 and EMA50, printing lower highs into the week low at 1.3341. RSI(14) in the mid-40s reflects the slide without yet reaching oversold.
Support: 1.3341, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
US June CPI at 12:30 GMT is the dominant cable driver today and could reset this read
H1 close below 1.3341 confirms a lower low, opening the path toward 1.3320 support
Reclaim of the 1.3400 handle / 200-day EMA needed to negate the rejection
Cable has bled lower since Friday's ~1.3452 high after a clean rejection at the 200-day EMA guarding 1.3400, with a Hormuz-driven USD haven bid pressing price back toward the range floor. Price now sits below both EMA(20) and EMA(50) near 1.3355, with RSI(14) mid-40s and the swing low at 1.3342 defining the near-term base. The 1.3320–1.3445 weekly range still contains the action ahead of US CPI.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
US June CPI at 12:30 GMT is the dominant cable driver today and can redefine this range
H1 close below 1.3342 confirms a lower low, opening the path to 1.3320
Reclaim of 1.3400 (200d ema) would neutralise the rejection read
BoE Gov Bailey speech 20:00 GMT could shift sterling tone
Lower highs since 1.3451, basing near range floor.
Cable topped at 1.3451 mid-week then rolled over, rejected at the 200-day EMA/1.3400 handle and sliding to 1.3342 through the Asia session. Price is now consolidating around 1.3360, sitting below EMA50 with RSI recovering off the lows. US CPI today is the primary catalyst for the next leg.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.34515
What it said to watch
US CPI at 12:30 GMT today is the primary catalyst; a hot core opens path toward the 1.3320 range floor
Close back above the 1.3400 200-day ema reopens the 1.34515 week high
Failure to hold 1.3342 recent low confirms a lower low toward 1.3320
06:02 UTC
Corrective pullback within week range · RSI 50 · price 1.33639
Lower highs off mid-week peak, basing near lows.
Cable rejected the 200-dma/1.3400 handle after tagging a near-four-week high around 1.3445 mid-week, then slid to a 1.3345 week low as the USD firmed on Hormuz haven flows and hawkish-Fed repricing. Price is now basing back above the H1 EMA(20) near 1.3362 with RSI(14) cycling around the mid-line; the broader 1.3320–1.3445 range is intact. Quiet Asian-session tape into the CPI catalyst.
Support: 1.3362, 1.3345, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
US June CPI Tue 12:30 GMT is the primary swing factor for this range
Loss of 1.3345 week low opens the 1.3320 range floor
Reclaim of 1.3400 200-dma keeps the week high at 1.3445 in play
Bailey speech today 20:00 UTC could shift the read
Lower highs off the week high, basing above 1.3342.
Cable has faded from the mid-week high near 1.3452 back under 1.3400, pressured by oil-driven USD demand and a soft UK BRC retail print. Price twice found demand around 1.3342 to form a double bottom, with a modest recovery into 1.3359, but it remains below both the H1 EMA20 and EMA50 and RSI is stuck mid-40s. The 1.3400 psych level and the 1.3445 week-high band cap the topside on this week's structure.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
H1 close back above 1.3400 would neutralise the lower-high structure
Loss of 1.3342 swing low opens the 1.3320 range floor
BoE Gov Bailey speech today 20:00 UTC could materially shift this read
Cable slid from the ~1.3450 week high toward a 1.3342 swing low as oil-driven USD demand and a soft UK BRC retail print (1.7% vs 2.9%) weighed. Price has since based sub-1.3400, edging back to the EMA(20) with RSI(14) recovering off its lows near 49. The 1.3400 round number remains the near-term cap after two rejections this week.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
BoE Gov Bailey speech today 20:00 UTC — HIGH impact, could materially shift this read
H1 close above 1.3400 would break the sub-1.3400 consolidation
Failure to hold 1.3342 swing low exposes the 1.3320 range floor
Cable faded from the ~1.3451 mid-week high back below 1.3400 as oil-driven USD demand and a soft UK BRC retail print weighed, now basing near 1.3360 after tagging a 1.3342 low. Price is hugging EMA(20) but capped under EMA(50), with RSI(14) recovering off the mid-40s. US CPI at 12:30 UTC and BoE's Bailey at 20:00 UTC are the session's key catalysts.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
H1 close below 1.3342 confirms a lower-low and opens the 1.3320 range floor
Reclaim of 1.3400 would neutralise the lower-high sequence toward 1.3445
US CPI 12:30 UTC and Bailey 20:00 UTC could materially shift this read
04:01 UTC
Downtrend off week high, now consolidating · RSI 47 · price 1.3361
Lower highs since mid-week, basing sub-1.3400.
Cable faded from the mid-week near four-week high at 1.3445 and has since traded a stepwise sequence of lower highs, with oil-driven USD strength and a soft UK BRC retail print weighing overnight. Price is now consolidating sub-1.3400 just under EMA(20), having bounced off the 1.3342 swing low, with RSI(14) recovering from oversold toward the mid-40s. The 1.3320 range floor remains the deeper reference.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
BoE Gov Bailey speech 20:00 UTC — HIGH impact, key catalyst for the next leg
US CPI 12:30 UTC could reprice the USD and shift this range
H1 close back above 1.3400 would break the lower-high sequence
Failure to hold 1.3342 opens the path to the 1.3320 range floor
Lower highs since mid-week peak, consolidating near session lows.
Cable rallied to a near four-week high at 1.3451 mid-week before fading through the back half of the week as oil-driven USD demand revived; price now sits sub-1.3400 and below both EMAs. The pullback probed the 1.3342 session low before a shallow bounce back to 1.3357, with RSI(14) cycling in the low 40s. The weak BRC retail read overnight added a soft consumer signal keeping Sterling on the defensive.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.34515
What it said to watch
H1 close above 1.3400 psych level re-opens the 1.34515 weekly high
Failure to hold 1.3342 session low exposes the 1.3320 range floor
US CPI at 12:30 UTC and BoE Bailey at 20:00 UTC could materially shift this read
03:01 UTC
Pullback from week high, momentum down · RSI 43 · price 1.33572
Lower highs, price below EMAs.
Cable faded from a near four-week high at 1.34450 mid-week and has slipped back sub-1.3400 into range trade, with oil-driven USD strength offsetting BoE hike bets. Price opened this week's second half below the EMA(20) after a small weekend gap down, and RSI(14) is cycling in the low 40s as lower highs stack toward the 1.33420 swing low. A stabilisation attempt has held 1.33420 so far, with the round 1.3400 handle now overhead resistance.
Support: 1.3342, 1.3320
Resistance: 1.3375, 1.3400, 1.3445
What it said to watch
US CPI 12:30 UTC and Bailey speech 20:00 UTC could materially shift this read
H1 close below 1.33420 confirms a lower low, opening the 1.33200 range floor
Reclaim of 1.34000 needed to challenge the 1.34450 week high
02:01 UTC
Downtrend, testing range floor · RSI 44 · price 1.33554
Lower highs since weekly high, pressing range support.
Cable gapped down at this week's open near 1.3388 and drifted lower through Asia, printing a day low at 1.3342 before a shallow bounce back to 1.3355. Price is trading below EMA20 with RSI in the mid-40s after the rally off Friday's 1.3452 high stalled and rolled over; a soft BRC retail sales print (1.7% vs 2.9%) and firm USD on Hormuz headlines kept sterling heavy. The 1.3320-1.3445 range from the context still frames price, with the lower band now in focus.
Support: 1.3342, 1.3320
Resistance: 1.3368, 1.3400, 1.3445
What it said to watch
H1 close back above 1.3368 EMA20 challenges the downtrend read
Failure to hold 1.3342 opens the 1.3320 range low
BoE Gov Bailey speech 20:00 UTC could materially shift this read
02:01 UTC
Downtrend off week high · RSI 43 · price 1.33554
Lower highs, retracing week rally.
Cable has unwound most of last week's rally after supply capped two attempts near 1.3445–1.3452, sliding back to 1.3355 with price trading below both EMA(20) and EMA(50). A modest weekend gap-down and firmer USD safe-haven flows drove the leg lower, and RSI(14) sits in the low 40s having tracked the descending lower highs. The 1.3342 swing low is the first floor after the drop; 1.3400 now acts as prior support turned resistance.
Support: 1.3342, 1.3320, 1.3360
Resistance: 1.3400, 1.3445, 1.34515
What it said to watch
BoE Gov Bailey 20:00 UTC and US CPI 12:30 UTC could materially shift this read
H1 close below 1.3342 confirms continuation toward the 1.3320 range low
Reclaim of 1.3400 would neutralise the lower-high sequence
01:01 UTC
Downtrend off week high, momentum down · RSI 40 · price 1.33525
Lower highs and lower lows since Friday peak.
Cable has ground lower since the 1.3451 week high, with a weekend gap-down opening near 1.3388 and price sliding through the 1.3360 pivot into the NY session as the USD held its safe-haven bid; a soft BRC retail print (1.7% vs 2.9%) added to the overnight drag. Price sits below EMA20 (~1.3372) with RSI(14) pinned near 40, and each bounce this session has stalled under the EMA. The 1.3320–1.3445 weekly range still frames the picture, with the lower band now the active side.
Support: 1.3342, 1.3320
Resistance: 1.3372, 1.3445
What it said to watch
Reclaim of 1.3360 and the ema20 would neutralise the downtrend read
H1 close below 1.3320 confirms a lower low and breaks the range floor
BoE Gov Bailey speech Tue 20:00 UTC is the key catalyst that could shift this read
Lower highs since Friday's peak, near range floor.
Cable faded from Friday's 1.3451 high and gapped lower over the weekend, trading below EMA20 and EMA50 into this-week lows around 1.3342 as the USD held a safe-haven bid. RSI(14) has cycled in the 35-45 band with each bounce capped, and the 1.3320-1.3445 weekly range is being tested at its lower end. Momentum sits with the downside while price holds beneath the EMA20 near 1.3376.
Support: 1.33417, 1.3336, 1.3320
Resistance: 1.3376, 1.34115, 1.3445
What it said to watch
BoE Gov Bailey speech Tue 20:00 UTC is the key catalyst and could shift this read
H1 close below 1.3342 exposes the 1.3320 range low
Reclaim of the 1.3376 EMA20 would ease the downside pressure
Cable rolled off last week's 1.3445 high and has trended down since Monday's session, now probing the 1.3342 session low after a modest weekend gap down. Price sits below EMA(20) with RSI(14) in the mid-30s, momentum still pointed lower. The 1.3400 psych level capped the midweek bounce and now sits overhead.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
H1 close below 1.3342 opens the 1.3320 range floor
Reclaim of 1.3400 psych would neutralise the downside pressure
BoE Bailey speech Tue 20:00 UTC is the key near-term catalyst
00:01 UTC
Downtrend, faded from week high · RSI 34 · price 1.33501
Lower highs since Friday's 1.3452 peak.
Cable topped at 1.3452 late last week and has bled lower through this week's sessions, closing back under 1.3360 and trading below EMA20/EMA50 into the current NY-Asia handover. A modest gap-down at the week open, aided by a soft BRC retail print, extended the fade toward the 1.3345 swing low. RSI(14) near 34 reflects the down-leg but is not yet at extremes.
Support: 1.3345, 1.3320
Resistance: 1.3360, 1.3400, 1.3445
What it said to watch
H1 close below 1.3345 exposes the 1.3320 range floor
Reclaim of 1.3360 neutralises the down-leg
Bailey speech Tue 20:00 UTC is the key near-term catalyst