GBP/USD AI Live Scan, 1-hour chart, Wednesday, 15 July 2026
Every read JAFX AI made on the GBP/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:02 UTC
Uptrend, extended into consolidation · RSI 67 · price 1.3538
Breakout above range, holding highs.
Cable ripped through the 1.3445 range top and the 1.3400 200-day EMA in one NY-session impulse, running to 1.3558 as soft US CPI and PPI kept the dollar on the back foot. Price is now consolidating in a tight 1.3535-1.3540 band just under the week high with RSI(14) elevated near 67. The prior range top at 1.3445 has flipped from resistance to first structural support.
Support: 1.3500, 1.3445, 1.3400
Resistance: 1.3558, 1.3548
What it said to watch
Hold above 1.3500 keeps the breakout structure intact
Loss of 1.3445 would signal the breakout is failing back into range
US Retail Sales Thu 12:30 UTC could materially shift this read
A close above 1.3558 opens the path higher
23:01 UTC
Uptrend, extended after breakout · RSI 71 · price 1.3538
Broke above this-week range, at fresh highs.
Cable spent most of the week pinned in the 1.3350-1.3445 band under the 200-day EMA, then broke sharply higher through the NY session as soft US CPI and PPI extended the dovish USD repricing. Price cleared the 1.3445 range top and the 1.3500 handle in one impulse to a week high at 1.3558, with RSI(14) pushed into overbought as the move stretched. Price sits well above EMA20 and EMA50 after the break; the last few thin bars are consolidating just under the high.
Support: 1.3500, 1.3445, 1.3400
Resistance: 1.3558
What it said to watch
Failure to hold 1.3500 would question the breakout and open a retest of the 1.3445 range top
UK GDP (Thu 06:00 GMT) and US Retail Sales (Thu 12:30 UTC) are the week's catalysts and could materially shift this read
A close back below 1.3445 puts the prior range back in play
Cable ripped through the 1.3445 range top that had capped the pair since Monday, running to 1.35579 in the NY session before stalling around 1.3540. The leg extends the USD long unwind after this week's soft CPI/PPI prints. RSI(14) is stretched near 71 with price well above both EMAs, and the last few bars are consolidating just under the week high.
Support: 1.35276, 1.3445, 1.3400
Resistance: 1.35579
What it said to watch
H1 close back below 1.3445 negates the range break and re-opens the prior range
US Retail Sales/Claims Thu 12:30 UTC could materially shift the USD read
Failure to hold 1.35276 would flag momentum fade into the highs
Breakout above weekly range, consolidating near highs.
Cable finally cleared the 1.3445 range top and the 200-day EMA cap near 1.3400 during yesterday's NY session, spiking to a week high of 1.3558 as the dollar stayed heavy after soft US CPI and PPI prints. Price is now consolidating just under the high around 1.354 with RSI(14) stretched into overbought territory. The prior range top at 1.3445 flips to first structural support on any pullback.
Support: 1.35276, 1.3445, 1.3400
Resistance: 1.35579
What it said to watch
UK GDP (Thu 06:00 GMT) could materially shift this read
US Retail Sales (Thu 12:30 GMT) is the key dollar catalyst for the next bars
Loss of 1.35276 would be the first lower-low after the breakout
Close back below 1.34450 would negate the range break
Cable spent most of the week trapped below the 200-day EMA near 1.3400 before a powerful NY-session impulse drove it clean through the 1.3445 range cap and the 1.3500 psych pivot, printing a week high at 1.3558 as soft US CPI and PPI accelerated dollar unwinding. Price has since eased to 1.3538, holding well above EMA20 with RSI(14) stretched near 70. The move reclaimed the 1.3500 handle that had capped the pair for two weeks.
Support: 1.3500, 1.3428, 1.3400
Resistance: 1.35579, 1.3445
What it said to watch
Loss of 1.3500 psych would signal failure of the range break and a retest of 1.3428 base
UK GDP/IP Thu 06:00 GMT could reprice the BoE hike bets driving this move
US Retail Sales Thu 12:30 UTC — a further USD miss extends the leg toward 1.3558 week high
Cable broke out of its 1.3320-1.3445 band during the NY session, clearing the 200-day EMA prior cap and the 1.3500 psych pivot as soft US CPI and PPI drove broad USD selling. The move ran into a week high at 1.35579 and price has since eased to 1.35387, with RSI(14) stretched into overbought after the near 200-pip impulse. The 1.3500 pivot flipped from resistance to first support on any pullback.
Support: 1.3500, 1.3440, 1.3400
Resistance: 1.35579
What it said to watch
UK GDP Thu 06:00 GMT could materially shift this read
Hold above 1.3500 psych keeps the breakout structure intact
H1 close back below 1.34400 prior cap negates the breakout
Cable ripped higher through the NY session today, clearing the 1.3445 range top and the 200-day EMA cap near 1.3400 that had rejected recovery attempts for two weeks, printing a fresh week high at 1.3558. The move followed the dovish US CPI/PPI misses that undercut the dollar, and price is now consolidating just below the high with RSI stretched near 70. The prior 1.3445 resistance is the first structural retest reference on any pullback.
Support: 1.3445, 1.3400
Resistance: 1.3558, 1.3600
What it said to watch
UK GDP Thu 06:00 GMT could materially shift this read; a miss would pressure the breakout
US Retail Sales Thu 12:30 UTC also in play for USD direction
H1 close back below 1.3445 would negate the range-break read
Sustained trade above 1.3558 opens the path toward 1.3600
20:01 UTC
Uptrend, strong momentum · RSI 74 · price 1.3535
Range break, higher highs.
Cable ripped higher through the NY session, clearing the 1.3445 range top and the 200-day EMA cap near 1.3400 that had rejected recovery attempts for two weeks — the move fed by dovish USD repricing after soft US CPI and PPI. Price now sits well above EMA20 and EMA50 with RSI stretched into overbought territory near the 1.3558 session high. The prior 1.3445 ceiling is the first level to watch as potential support on any retest.
Support: 1.3445, 1.3400
Resistance: 1.3558
What it said to watch
UK GDP Thu 06:00 GMT could shift this read materially
US Retail Sales Thu 12:30 UTC — mirror of USD direction
Loss of 1.3445 on a close would signal a failed break and retest lower
Overbought RSI leaves room for a stall near 1.3558
Cable broke sharply through the 1.3445 range top and the 1.3400 cap that had pinned it for two weeks, driven by soft US CPI/PPI prints sinking the dollar. The impulse ran through the NY session to a 1.3558 session high before easing to 1.3537, with RSI(14) stretched into overbought. Price is well above EMA20/EMA50 after the acceleration.
Support: 1.3445, 1.3400
Resistance: 1.3558
What it said to watch
UK GDP Thu 06:00 UTC could materially shift this read
US Retail Sales Thu 12:30 UTC is a further USD risk
Loss of 1.3445 back into the old range would negate the breakout
Cable broke decisively above the 1.3400 200-day EMA cluster that capped every recovery this week, accelerating through the NY session on soft US CPI and PPI misses. The move ran from ~1.3380 to a 1.3558 session high with RSI(14) now overbought near 76. Prior range top at 1.3445 has flipped to support beneath price.
Support: 1.3500, 1.3445, 1.3400
Resistance: 1.3558
What it said to watch
Close back below 1.3445 would negate the breakout and re-enter the prior range
1.3400 breakout level is the area to watch on any pullback for retest or rejection
UK GDP Thu 06:00 UTC could materially shift this read
Cable broke clear of the 1.3320-1.3445 band that had held all week, driving through the 200-day EMA cluster at ~1.3400 into the NY session as soft US CPI and PPI misses sank the dollar. The impulse ran unbroken from ~1.3390 to 1.3550 with RSU(14) now stretched overbought near 78. Prior range top at 1.3445 now flips to first support on any pullback.
Support: 1.3445, 1.3400, 1.3350
Resistance: 1.3550
What it said to watch
RSI overbought near 78 — pullback into 1.3445 would test the breakout as support
UK GDP Thu 06:00 UTC could materially shift this read
Failure to hold 1.3400 200-day EMA on a retrace re-opens the range
Cable finally cleared the 200-day EMA cluster at ~1.3400 that had capped it for two weeks, accelerating through the NY session to 1.3550 as soft US CPI and PPI extended a second day of dollar weakness. RSI(14) is deep in overbought at ~82 after a near-vertical impulse off 1.3380, with price now well above both EMA(20) and EMA(50). The 1.3400 breakout level flips to first structural support.
Support: 1.3428, 1.3400, 1.33804
Resistance: 1.35508
What it said to watch
UK GDP Thu 06:00 UTC could reset this read; contraction reopens the range
Loss of the 1.3400 breakout level would negate the range break
RSI at ~82 leaves the move vulnerable to a pullback into 1.3428
17:01 UTC
Uptrend, strong momentum · RSI 77 · price 1.35355
Breakout above range ceiling, fresh week high.
Cable broke decisively through the 1.3400 200-day EMA cap that had contained it all week, accelerating through 1.3450 and 1.3500 into the NY session as the USD extended losses on the soft June CPI/PPI misses. RSI(14) is stretched near 77 after a near-vertical run off the 1.3351 base, and price sits well above both EMAs. The 1.3500 round number, freshly reclaimed, is the immediate structural pivot on any pullback.
Support: 1.3500, 1.3445, 1.3400
Resistance: 1.35367, 1.3550
What it said to watch
An hourly close back below 1.3500 would signal the breakout is fading toward the 1.3445 prior cap
1.3400 200-day EMA now flips to support on a deeper unwind
UK GDP Thu 06:00 GMT could materially shift this read
Cable broke decisively above the two-week 1.3400 cap and the 1.3320-1.3445 range through the NY session, rallying to 1.3535 as the dollar stayed offered after soft US CPI and PPI. RSI(14) is stretched into overbought near 79 after a near-vertical move off 1.3390. The 1.3445 former range top and the 1.3500 round number now sit below as reference on any pullback.
Support: 1.3500, 1.3445, 1.3400
Resistance: 1.35367
What it said to watch
A pullback into 1.3500-1.3445 that holds confirms the range break; a close back under 1.3445 negates it
UK GDP Thu 06:00 GMT could materially shift this read
Overbought RSI leaves room for a corrective retest of the prior cap at 1.3400
Cable broke decisively above the 200-day EMA near 1.3400 and cleared the 1.3445 major resistance into the NY session, extending the recovery from Monday's 1.3343 low. The leg accelerated after soft US PPI stacked on Tuesday's CPI miss, pressuring the USD. RSI(14) is now overbought with price running to 1.3497, well above EMA20 and EMA50.
Support: 1.3445, 1.3400, 1.3343
Resistance: 1.3500
What it said to watch
Loss of 1.3445 on a close would fail the range break and signal a retest of the 200-day ema at 1.3400
UK GDP Thu 06:00 GMT and US Retail Sales Thu 12:30 UTC could materially shift this read
Hold above 1.3445 keeps the path toward the 1.3500 round number open
Cable broke clear of the 200-day EMA near 1.3400 that capped every recovery this week, surging through 1.3445 into the NY session as soft US CPI and follow-through weak PPI knocked the dollar for a second day. RSI(14) is stretched into overbought after a near-vertical run from 1.3390, with price now pressing the 1.3500 round number. The prior range cap at 1.3445 flips to first support on any pullback.
Support: 1.3445, 1.3400, 1.3357
Resistance: 1.34977, 1.3500
What it said to watch
Failure to hold 1.3445 puts price back inside the prior range and negates the breakout read
US Retail Sales Thu 12:30 UTC could materially shift this read
A close back below 1.3400 restores the 200-day EMA as the cap
Cable spent most of the week boxed 1.3342-1.3445 under the 200-day EMA near 1.3400, then broke higher through the NY session on the soft US CPI/PPI prints, clearing the 1.3445 cap and printing a fresh week high at 1.34822. Price is now stretched well above H1 EMA20/EMA50 with RSI(14) pushed into overbought, having taken out the level that had capped every recovery for two weeks. The 1.3445 broken resistance and 1.3400 round-number/200-day zone are the first reference points on any pullback.
Support: 1.3445, 1.3400, 1.3342
Resistance: 1.34822
What it said to watch
Loss of 1.34450 on a close reopens the 1.3400 200-day ema breakout level
A close back below 1.3400 invalidates the range break
UK GDP Thu 06:00 GMT could materially shift this read
Cable ground sideways below the 200-day EMA near 1.3400 for most of the week before a sharp NY-session leg cleared it, extending to 1.3482 as soft US CPI and today's cool PPI unwound Fed hike bets. Price now sits well above EMA20 and EMA50 with RSI stretched into overbought after the 1.3445 prior resistance was taken out. The move that capped every recovery for two weeks has been broken; 1.3445 and the 1.3400 EMA now sit as the reference floor.
Support: 1.3445, 1.3400
Resistance: 1.34822
What it said to watch
H1 close back below 1.3400 would negate the 200-day EMA breakout
Overbought RSI leaves room for a pullback toward the 1.3445 retest zone
UK GDP Thu 06:00 GMT and US Retail Sales Thu 12:30 UTC could materially shift this read
14:02 UTC
Recovery uptrend, testing range top · RSI 68 · price 1.34408
Higher lows off Tuesday's low, retesting range cap.
Cable has clawed back the week's slide, rallying from Tuesday's 1.3342 low as a softer-than-expected US CPI (3.5% vs 3.8%) kept the Dollar offered. Price now trades above EMA20 and EMA50 with RSI(14) up near 68, pressing the well-flagged 1.3445 range top and the 200-day EMA cap just below 1.3400 that has now been reclaimed. The recovery has printed a steady sequence of higher lows through the NY sessions.
Support: 1.3400, 1.3390, 1.3342
Resistance: 1.3445, 1.34515
What it said to watch
Clean H1 close above 1.3445 opens the path toward the 1.34515 wk high
Failure to hold 1.3400 re-exposes the range low near 1.3342
UK GDP Thu 06:00 GMT and Warsh testimony could materially shift this read
14:01 UTC
Recovery uptrend into resistance · RSI 66 · price 1.34408
Higher lows off week floor, testing range cap.
Cable recovered from Monday's slide to the 1.3342 week low after soft US CPI and PPI kept the Dollar offered, reclaiming the 200-day EMA near 1.3400 into the NY session today. Price now presses the 1.3445-1.3450 range top that has capped the week, with RSI(14) cycling into the mid-60s. Higher lows since the mid-week base keep structure constructive against the 200d ema.
Support: 1.3400, 1.3360, 1.3342
Resistance: 1.34493, 1.34515, 1.3445
What it said to watch
H1 close above 1.34515 clears the week high and range cap
Failure to hold the 1.3400 200d ema reopens 1.3360 swing low
UK GDP Thu 06:00 GMT and Warsh testimony 14:00 UTC could reshape the range
13:01 UTC
Uptrend, breaking prior cap · RSI 65 · price 1.34278
Recovery off week low, higher lows.
Cable has recovered from the week low near 1.3342 and pushed above the 200-day EMA cap near 1.3400 into today's session, extending its bounce after soft US CPI and today's cool PPI knocked the dollar back. RSI(14) is cycling up through the low-60s and price holds above both the EMA20 and EMA50. The 1.3445 range top is the next area to watch for rejection or a break.
Support: 1.3400, 1.33417, 1.3320
Resistance: 1.3445
What it said to watch
Hourly close back below 1.3400 reasserts the 200-day EMA cap and range read
Warsh testimony (14:00 UTC) and Beige Book could shift USD tone this session
UK GDP MoM Thu 06:00 GMT is the next test for sterling direction
13:01 UTC
Recovering, momentum building · RSI 64 · price 1.34278
Higher lows off midweek low, pressing the 200d ema cap.
Cable has clawed back from Monday's 1.3342 low, tracking higher-lows through the week as soft US CPI and today's cool PPI sank the dollar. Price is now pushing through the 200d ema cap near 1.3400 into the NY session, with RSI(14) cycling up toward 64. The 1.3445 range top and 1.34515 week high remain the levels that have capped prior recoveries.
Support: 1.3400, 1.3356, 1.3320
Resistance: 1.3430, 1.3445, 1.34515
What it said to watch
H1 close above 1.3445 range top opens the path to the 1.34515 week high
Failure to hold 1.3400 200d ema returns price into the 1.3320-1.3445 range
UK GDP MoM Thu 06:00 GMT and Warsh testimony today could materially shift this read
12:01 UTC
Recovering off midweek lows, capped near 200-day · RSI 56 · price 1.34124
Range-bound, holding above EMA20.
Cable recovered off the 1.3342 area midweek and spiked to 1.3443 on the soft US June CPI print before fading back toward the 200-day cap near 1.3400, where it is now holding. Price sits above EMA20 with RSI(14) cycling in the mid-50s, but the 1.3320-1.3445 range remains intact with the 200-day repeatedly capping recoveries around 1.3400.
Support: 1.3400, 1.3360, 1.3320
Resistance: 1.3443, 1.3445
What it said to watch
UK GDP Thu 06:00 GMT could materially shift this read
Clean H1 close above 1.3445 opens the range top break
Failure to hold 1.3360 reopens the 1.3320 range floor
12:01 UTC
Recovery within week's range · RSI 57 · price 1.34124
Range-bound, higher lows late-week.
Cable spiked to 1.3443 on the soft US June CPI print before stalling and slipping back, with the 200-day EMA near 1.3400 capping every push this week. Price has since carved higher lows off the 1.3342 base and now sits just above the 1.3400 cap, RSI(14) mid-range near 57. The dominant weekly move remains the mid-week impulse off 1.3342, still contained under the 1.3445 range top.
Support: 1.3400, 1.3360, 1.3342
Resistance: 1.3443, 1.3445
What it said to watch
Hourly close above 1.3445 clears the range top and the 200-day cap
Loss of the higher-low structure below 1.3360 reopens the 1.3342 range low
UK GDP Thu 06:00 GMT is the near-term catalyst that could break the range
11:01 UTC
Range-bound, capped at 1.3400 · RSI 52 · price 1.33985
Consolidation below 200-day cap.
Cable spiked to 1.3443 during the NY session after the soft US June CPI miss, then faded back to hover either side of the 1.3400 200-day cap that has rejected every push this week. Price is now coiling just under 1.3400 with RSI(14) back to neutral around 52 and pullbacks holding the rising line off Monday's 1.3342 low. The 1.3320-1.3445 band from the digest remains intact.
Support: 1.3376, 1.3342, 1.3320
Resistance: 1.3400, 1.3443
What it said to watch
H1 close above 1.3400 opens the path back to the 1.3443 range top
Failure to hold 1.3376 exposes the 1.3342 week low
US PPI 12:30 UTC and Warsh testimony 14:00 UTC today could shift the read
UK GDP Thu 06:00 GMT is the next major catalyst for this range
11:01 UTC
Range-bound, capped at 1.3400 · RSI 51 · price 1.33985
Sideways after recovery off week low.
Cable spiked to 1.3443 on the soft US June CPI print before the 200-day EMA just below 1.3400 capped the move and price settled back near 1.3398. The week has been a two-way grind inside 1.3320-1.3445, with buyers rebuilding off the 1.3342 week low and RSI(14) hovering near neutral. Price sits mid-range against a rising line of higher-lows, EMA20 and EMA50 clustered just beneath.
Support: 1.3360, 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
Clean H1 close above 1.3400 opens the path to range top 1.3445
Failure to hold 1.3360 pivot exposes 1.3342 week low and 1.3320 floor
UK GDP Thu 06:00 GMT and US PPI/Warsh testimony today could shift this range read
10:02 UTC
Rangebound, capped at 1.3400 · RSI 46 · price 1.33875
Range 1.3320-1.3445, 200-day cap intact.
Cable spiked to 1.3443 in the NY session yesterday on the soft US June CPI print but was rejected at the 200-day EMA around 1.3400, closing back near 1.3388. Price has cycled the 1.3320-1.3445 range all week, with the 1.3400 cap turning back every recovery attempt and buyers defending the 1.3342 week low. RSI(14) sits mid-range near 46 with no clear momentum bias.
Support: 1.3342, 1.3320
Resistance: 1.3400, 1.3443
What it said to watch
H1 close above 1.3400 200-day cap opens the path to 1.3445 range top
Failure to hold 1.3342 week low opens 1.3320 range low
BoE Pill speech ~10:30 GMT and UK GDP Thu 06:00 GMT could shift this range read
Cable spiked to 1.3443 mid-week as soft US June CPI (3.5% vs 3.8%) knocked the dollar, but the 200-day EMA just below 1.3400 rejected the move and price has slipped back to 1.339. The week's action stays trapped in the 1.3320-1.3445 range, with RSI(14) cooling below 50 after the pullback and price back under EMA20. Buyers stepped in twice around 1.3342 earlier in the week, keeping the range floor intact.
Support: 1.3360, 1.3342, 1.3320
Resistance: 1.3400, 1.3443
What it said to watch
H1 close above 1.3400 opens the path to the 1.3443 week high
Failure to hold 1.3360 pivot exposes 1.3342 then 1.3320
Cable recovered off Monday's ~1.3342 week low and spiked to 1.3443 on the soft US CPI miss, then faded straight back below the 1.3400 psych cap. Price is oscillating around EMA(20) with RSI(14) mid-range; the 1.34197 session high has capped the latest push while higher lows hold above 1.3380. Range top near 1.3445 remains untested since the spike.
Support: 1.3380, 1.33417
Resistance: 1.3400, 1.34197, 1.34445
What it said to watch
Daily close above the 1.3400 psych cap opens the path toward 1.3445 range top
UK GDP Thu 06:00 GMT could materially shift this read
BoE Pill speech 10:30 GMT today for hike-path signals
Failure to hold 1.3380 recent low exposes the 1.3342 week low
Cable spiked to 1.3443 during the NY session after the soft US June CPI miss knocked the dollar, but the move was capped at the 200-day EMA near 1.3400 and roughly half was surrendered. Price has since consolidated just above 1.3400 around the 0.382 retrace of that impulse, holding a series of higher lows off Wednesday's 1.3342 base. RSI(14) sits mid-range near 55 with price above both EMA(20) and EMA(50).
Support: 1.33679, 1.33417, 1.3320
Resistance: 1.34197, 1.34431
What it said to watch
Sustained H1 closes above 1.34197 open the path back toward the 1.3443 range top
Failure to hold 1.33679 exposes the 1.3342 week low again
UK GDP (Thu 06:00 GMT) could materially shift this read
08:01 UTC
Recovery off week low, capped at 1.3400 · RSI 54 · price 1.34025
Range, testing upper boundary.
Cable clawed back from the 1.3342 week low after the soft US CPI print knocked the dollar, but the 200-day EMA cluster near 1.3400 has capped each push, including the 1.3443 spike earlier in the NY session. Price now sits right on that pivot with RSI(14) cycling mid-range around 54, holding above EMA20 and EMA50. The week's 1.3320–1.3445 range remains intact.
Support: 1.3376, 1.3342, 1.3320
Resistance: 1.3400, 1.3445
What it said to watch
H1 close above 1.3400 opens the path back to the 1.3445 range top
Failure to hold 1.3376 reopens the 1.3342 week low
UK GDP Thu 06:00 GMT could break the range read either way
07:02 UTC
Recovery, higher lows · RSI 58 · price 1.34125
Range-bound, grinding off Tuesday low.
Cable has recovered off Tuesday's 1.3342 swing low back through the 1.3400 pivot, retracing the earlier decline that followed the soft US CPI pop and stall near the 200-day cap. Price now grinds against the session high 1.3420 with RSI cycling mid-range and holding above EMA20; the range top 1.3445 and week high 1.34515 still cap above. Higher lows have held since the mid-week low.
Support: 1.3400, 1.3342
Resistance: 1.3420, 1.3445, 1.34515
What it said to watch
H1 close above 1.3445 range top opens the path to week high 1.34515
Failure to hold 1.3400 pivot reopens 1.3342 swing low
BoE Pill 10:30 UTC and Thu UK GDP could shift this read
07:01 UTC
Recovery, range-bound · RSI 59 · price 1.34125
Higher lows off week low, capped by range top.
Cable bottomed at the 1.3342 week low early in the week and has ground back up, with the soft US CPI print driving a spike to 1.3443 before the dollar reclaimed haven bid and faded it. Price has since built higher lows and reclaimed the 200-day EMA near 1.3400, now sitting above EMA20/50 with RSI(14) cycling in the mid-50s. The 1.3320-1.3445 range persists; recent high at 1.3423 caps the current attempt.
Support: 1.3400, 1.3342, 1.3320
Resistance: 1.3423, 1.3445
What it said to watch
H1 close above 1.34450 opens the range top break toward 1.3465+
Failure to hold 1.34000 (200d ema) reopens the 1.3342 week low
UK GDP Thu 06:00 UTC and BoE Pill speech today 10:30 UTC could materially shift this read
06:02 UTC
Range recovery off lows · RSI 56 · price 1.34118
Range, higher lows building.
Cable recovered off Monday's 1.3342 swing low and is back near the 61.8% retrace at 1.3410, holding above EMA20 with RSI cycling mid-range. Tuesday's soft US CPI drove a spike to 1.3443 that fully faded — a false break of the 1.3445 range top. Price now sits pinned around the 1.3400 psych pivot that has capped recoveries for two weeks.
Support: 1.3400, 1.33422, 1.3320
Resistance: 1.34445, 1.34515
What it said to watch
Sustained hold above 1.3400 vs rejection back below reopens 1.3342
Clean break of 1.3445 range top exposes the 1.3452 week high
UK GDP Thu 06:00 UTC could materially shift this read
Cable recovered off the 1.3342 mid-week low and the soft US CPI print sparked a spike to 1.3443 before the move fully unwound back beneath 1.3400. Price has since ground higher through the NY-into-Asia sessions, reclaiming the 1.3400 pivot with RSI(14) in the low-60s and holding above EMA(20). The 200-day EMA area near 1.3400 that has capped recoveries for two weeks is now being tested from above.
Support: 1.3400, 1.3360, 1.3342
Resistance: 1.3443, 1.3445
What it said to watch
BoE Pill speech 10:30 UTC and UK GDP Thu 06:00 UTC could shift this read
Close back below 1.3400 reopens 1.3360
Break above 1.3443 exposes the range top at 1.3445
Higher lows off week low, consolidating at 1.3400.
Soft US June CPI yesterday drove a spike to 1.3443 (cpi spike), cracking the 200-day area near 1.3400 before price faded back to consolidate on that level into the NY-Asia transition. Cable has printed higher lows off the 1.3342 week low and holds above EMA20/50, but the pullback from the cpi spike leaves the 200-day as the pivot the tape is now testing. RSI(14) has cooled back toward 53 after the impulse.
Support: 1.3400, 1.3377, 1.33422
Resistance: 1.34431, 1.34515
What it said to watch
Hold above the 200-day near 1.3400 keeps the higher-low structure intact; failure revives the range toward 1.3342 week low
H1 close above 1.34431 cpi spike opens the path to the 1.34515 week high
UK GDP Wed 06:00 UTC could materially shift this read
05:01 UTC
Recovery, consolidating near 200-day · RSI 54 · price 1.34019
Reclaimed 1.3400, coiling below week high.
Cable rebounded from the week low at 1.3342 into the soft US CPI print, spiking to 1.3443 before settling into a tight coil just above the 200-day at 1.3400. Price holds above EMA20 and EMA50 with RSI(14) mid-range near 54; the 1.3423 prior high has capped the pullback and demand has held 1.3376 since the recovery. Two-sided week: renewed Iran/oil headlines drove earlier USD haven bids, then dovish US CPI flipped the tape.
Support: 1.3395, 1.3376, 1.3342
Resistance: 1.3423, 1.3445
What it said to watch
UK GDP/IP Wed 06:00 UTC could materially shift this read
H1 close above 1.3423 opens the path to the 1.3445 range top
Failure to hold 1.3400 revives the range back toward the 1.3376 swing low
Soft US June CPI on Tuesday knocked the dollar and lifted GBPUSD off the 1.3342 weekly low, spiking to 1.3445 before settling back onto the 200-day pivot at 1.3400. Price has since built higher lows and is consolidating just above that pivot through the Asia session, with RSI(14) holding mid-range. The 1.3320-1.3445 weekly range still frames the action.
Support: 1.3400, 1.3368, 1.3342
Resistance: 1.3423, 1.3445
What it said to watch
Sustained close above 1.3400 confirms the breakout read; rejection keeps the range intact
A break above 1.3445 range top opens room higher
UK GDP Thu 06:00 GMT and BoE's Pill today 10:30 GMT could reshape this read
Cable recovered from the week low near 1.3342 into a sharp CPI-driven spike to 1.3443 as soft US June inflation knocked the dollar. Price has since pulled back and is consolidating just above the 200-day pivot at 1.3400, holding above EMA20 and EMA50 with RSI mid-range near 57. The 1.3400 level, which capped moves earlier in the week, is now being retested from above.
Support: 1.3400, 1.3366, 1.33422
Resistance: 1.3423, 1.34431, 1.34515
What it said to watch
H1 close back below 1.3400 pivot revives the 1.3320-1.3445 range read
Close above 1.3443 cpi high opens the path toward the 1.3451 week high
BoE's Pill speech 10:30 GMT could shift this read
03:02 UTC
Recovering off midweek lows · RSI 61 · price 1.34068
Higher lows, retesting 1.3400 pivot.
GBPUSD has climbed off Tuesday's 1.3342 low and reclaimed the 1.3400 psych pivot, spiking to 1.3443 on the soft US CPI print before settling back above the level. Price now sits above both EMA(20) and EMA(50) with RSI(14) cycling in the upper-50s to 60 as buyers stepped in on each pullback into the higher-low structure. The 1.3400 area — coinciding with the 200-day reference — is the immediate line, having capped this week's earlier attempts and now acting as support.
Support: 1.3400, 1.3377, 1.3345
Resistance: 1.3419, 1.3443
What it said to watch
H1 close back below 1.3400 revives the 1.3320-1.3445 range read
Break and hold above 1.3443 range top extends the recovery
UK GDP Thu 06:00 GMT could materially shift this read
03:01 UTC
Recovery, holding pivot · RSI 57 · price 1.34068
Reclaimed 1.3400 after week low.
Sterling gapped lower into Monday and pressed to a week low near 1.3342 before soft US June CPI knocked the dollar and drove a sharp NY-session recovery back above the 200-day pivot at ~1.3400. Price has since consolidated in a tight 1.3390-1.3406 band, holding above EMA20 with RSI(14) cycling in the mid-50s. The 1.3443 range top from the CPI spike caps the upside.
Support: 1.3400, 1.3378, 1.3342
Resistance: 1.3416, 1.3443
What it said to watch
Sustained hold above 1.3400 keeps the recovery intact; loss of it reopens the 1.3342 week low
UK GDP (Thu 06:00 GMT) and BoE's Pill today 10:30 GMT could shift the read
US PPI cluster 12:30 GMT plus Warsh testimony 14:00 GMT are near-term USD risk
A close above 1.3443 extends the breakout toward the range top
Since Monday's open near 1.3388 sterling dipped to the 1.3342 week low midweek before soft US June CPI reversed the dollar and lifted price back to the 200-day pivot at ~1.3400. Price now sits above EMA20 with a series of higher lows off 1.3342, RSI(14) cycling back near 54. The 1.3423 spike high and 1.3445 range top cap upside while the 200-day pivot remains the near-term battleground.
Support: 1.3390, 1.3377, 1.3342
Resistance: 1.3423, 1.3445
What it said to watch
H1 close above 1.3423 opens the path toward the 1.3445 range top
Rejection at the 200-day pivot near 1.3400 keeps the range intact
Loss of 1.3377 swing low reopens the 1.3342 week low
UK GDP Thu 06:00 GMT could materially shift this read
This-week range, mid-upper, recovering off week low.
Cable has chopped inside a 1.3342-1.3452 range all week, with the 200-sma pivot near 1.3400 the recurring battleground. Soft US June CPI knocked the dollar and spiked GBP to 1.3443 in the NY session before it faded back to sit right on that pivot. Price is holding above EMA20/EMA50 with RSI(14) mid-range, and the recovery off the week low has printed higher lows.
Support: 1.3400, 1.3377, 1.33417
Resistance: 1.3423, 1.34445, 1.34515
What it said to watch
H1 close above 1.34445 range top would extend the move toward 1.34515 week high
Rejection at the 1.3400 200-sma reopens the 1.3342 week low
UK GDP Thu 06:00 GMT could shift this range read
01:02 UTC
Recovery off week low, capped near 200-day · RSI 56 · price 1.34034
Rebound within weekly range, higher lows since mid-week.
Sterling sold off from the prior high near 1.34515 to the 1.33417 week low mid-week, then a soft US CPI print sparked a sharp spike to the 1.34431 cpi spike hi before rejection pared the move. Price has since carved higher lows and is grinding back toward the 200-day SMA cap around 1.3400, where it now sits. RSI(14) has cycled back to the mid-50s as the pullback to 1.33770 held.
Support: 1.3400, 1.3377, 1.33417
Resistance: 1.34431, 1.34515
What it said to watch
H1 close above 1.34431 opens the path to the 1.34515 prior high
Failure to hold the 200d sma at 1.3400 reopens the 1.33770 pullback low
Break of the higher-lows line points back toward the 1.33417 week low
BoE Pill and UK GDP Thu could materially shift this read
01:01 UTC
Recovery, testing 200-day cap · RSI 57 · price 1.34034
Higher lows off week low, consolidating below weekly high.
GBPUSD rebounded off the 1.3342 week low after the soft US June CPI knocked the Dollar, spiking to 1.3443 in yesterday's NY session before pulling back. Price is now consolidating just above the 200-day SMA near 1.3400 with RSI(14) mid-range and price holding above EMA20/50. The 1.3423–1.3443 zone capped the advance and remains the immediate area to watch for rejection or break.
Support: 1.3400, 1.3372, 1.33417
Resistance: 1.34229, 1.34431, 1.34515
What it said to watch
Hourly close back below 1.3400 200-sma reopens 1.3372 and the 1.3342 week low
Clean break above 1.3443 spike high exposes the 1.3452 week high
BoE Pill (Wed) and UK GDP (Thu) plus today's US PPI/Warsh could materially shift this read
00:01 UTC
Recovering, capped near 1.3400 · RSI 54 · price 1.33947
Rebound off week low into range top.
GBPUSD sold from the 1.3451 week high toward 1.3342 early week before soft US June CPI sparked a spike to the 1.3443 cpi high, since faded back to consolidate near the 200-day sma cap around 1.3400. Price is holding above EMA(20) with RSI(14) mid-range, sitting close to the 50% retrace of the decline off the week high. The 1.3377 swing low has contained the latest pullback.
Support: 1.3377, 1.3356, 1.3342
Resistance: 1.3400, 1.3443, 1.3451
What it said to watch
Hourly close above 1.3400 opens the path to the 1.3443 cpi high
Loss of 1.3377 swing low exposes the 1.3342 week low
BoE Pill (Wed) and UK GDP (Thu) could materially shift this read
00:01 UTC
Recovery capped, two-way · RSI 53 · price 1.33947
Range under 1.3400 cap, holding higher lows off week low.
GBPUSD spiked to 1.34431 in the NY session yesterday after the soft US CPI print but faded straight back below the 200-day SMA cap near 1.3400, which has capped every attempt this week. Price now sits just above EMA20 with RSI(14) cycling around the mid-50s, holding higher lows off the 1.33422 week low. Structure reads as a range pinned under 1.3400 rather than a clean breakout.
Support: 1.3374, 1.33422, 1.3390
Resistance: 1.3400, 1.34431, 1.34515
What it said to watch
H1 close above 1.3400 200-sma cap opens the path to 1.34431 then week high 1.34515
Failure to hold the 1.33740 swing low exposes the 1.33422 week low
BoE Pill (Wed) and UK GDP (Thu) could materially shift this read