Cable spent most of the week boxed between 1.3410 and 1.3460, then broke down hard through the NY session — slicing the 1.3410 weekly low and the 200-DMA (1.3417) in two impulsive bars after the hawkish FOMC hold met soft UK May CPI. Price closed at 1.32927 having tagged 1.32619, with RSI(14) deeply stretched after the drop. Prior support around 1.3340 now caps as resistance, and EMA(20)/EMA(50) sit well above price.
Support: 1.32619, 1.3300
Resistance: 1.3340, 1.3410, 1.3417
What it said to watch
UK labour data Thu 06:00 UTC and BoE decision Thu 11:00 UTC could materially shift this read
Recovery back above 1.3340 prior support would ease the breakdown
A close back above the 1.3417 200-DMA invalidates the downtrend read
Failure to hold 1.32619 swing low confirms continuation lower
Cable spent most of the week pinned in a 1.3400–1.3460 range before a sharp NY-session collapse drove it through the 200-DMA (1.3417) and the 1.3410 weekly low down to 1.3262. The slide followed soft UK May CPI and a hawkish Fed hold, and price now sits well below EMA20/EMA50 with RSI(14) into oversold near 27. A shallow bounce to 1.3293 has stalled under the 1.3337 breakdown zone.
Support: 1.32619, 1.3285
Resistance: 1.3337, 1.3410, 1.3417
What it said to watch
UK labour data Thu 06:00 UTC then BoE Thu 11:00 UTC could materially shift this read
Reclaim of 1.3337 breakdown would ease the downside pressure
Failure to hold 1.3262 swing low confirms continuation lower
22:01 UTC
Range broken to downside, momentum down · RSI 29 · price 1.3291
Range break below weekly floor, fresh lower low.
Cable spent most of the week boxed between 1.3390 and 1.3460, capped repeatedly below the 200-DMA at 1.3417. The hawkish FOMC dot-plot lift in the NY session blew through the range floor, dumping price to 1.3262 before a shallow bounce to 1.3291; RSI(14) is now oversold near 29. Price sits well below both EMAs with the broken 1.3340 range edge now acting as overhead resistance.
Support: 1.3262, 1.3200
Resistance: 1.3340, 1.3417
What it said to watch
Close back above 1.3340 negates the range break
Failure to hold 1.3262 opens the path toward 1.3200
UK jobs Thu 06:00 UTC and BoE 11:00 UTC could materially reshape this read
Cable spent most of the week pinned in a tight 1.3392–1.3460 range, then collapsed through the 1.3410 weekly low in the NY session after the hawkish FOMC dot-plot lifted the dollar broadly. The impulse ran down to 1.3262 before a shallow bounce to 1.3291, leaving price well below both EMA(20) and EMA(50) with RSI(14) parked near oversold. Soft UK CPI earlier in the week had already left GBP heavy into the move.
Support: 1.32619, 1.32771
Resistance: 1.3337, 1.3417, 1.34608
What it said to watch
Reclaim of the 1.3337 breakdown point would ease the downside read
UK labour data Thu 06:00 UTC then BoE hold Thu 11:00 UTC could materially shift this read
Failure to hold 1.3262 session low confirms continuation of the lower-low sequence
Range break to the downside after multi-day consolidation.
GBPUSD consolidated between roughly 1.3410 and 1.3460 from Monday into Wednesday, capped just under the 200-dma at 1.3417. A hawkish FOMC dot-plot triggered a sharp range break in the NY session, slicing through the 1.3410 weekly low to a session low of 1.32619 before steadying near 1.3290. RSI(14) is oversold after the impulse, with price now well below both EMA20 and EMA50.
Support: 1.32771, 1.32619
Resistance: 1.3300, 1.3410, 1.3417
What it said to watch
UK jobs (Thu 06:00 UTC) then BoE hold (Thu 11:00 UTC) could materially shift this read
Reclaim of the 1.3410 weekly low and 200-dma would negate the range break
Failure to hold the 1.32771 recent low / 1.32619 session low extends the impulse; 1.3300 round number caps rebounds
Cable spent most of the week boxed between 1.3410 and 1.3455, then collapsed into the NY session as the hawkish FOMC dot-plot revision met soft UK May CPI, driving price down through the 1.3417 200-dma and the 1.3410 weekly low to 1.3294. Price now sits deep below EMA20/50 with RSI(14) oversold near 26. The prior weekly support band at 1.3410-1.3417 has flipped to overhead resistance.
Support: 1.32619, 1.3250
Resistance: 1.3300, 1.3410, 1.3417
What it said to watch
UK jobs (06:00 UTC) and BoE decision (11:00 UTC) Thu could materially shift this read
Reclaim of the 1.3300 psych level would ease the breakdown
Failure to hold 1.32619 confirms continuation of the lower-low sequence
GBPUSD coiled in a 1.3410–1.3460 range all week before slicing through the 200-DMA at 1.3417 and the weekly low in the final hour, posting a fresh low at 1.3334. The leg accelerated after the Fed's hawkish hold and a strong US retail sales print firmed the dollar; RSI(14) is now oversold. The break flips the week-long range floor at 1.3417 into resistance.
Support: 1.33345, 1.3300
Resistance: 1.3417, 1.34608
What it said to watch
An H1 close back above 1.3417 (200-dma) would negate the breakdown and reclaim the prior range
UK jobs at 06:00 UTC and BoE decision at 11:00 UTC Thursday are the dominant catalysts and could materially shift this read
Failure to hold 1.3300 keeps the lower path in play
20:01 UTC
Downtrend accelerating after range break · RSI 29 · price 1.33379
Broke this-week range, new weekly low.
GBPUSD coiled in a tight 1.3410-1.3460 band all week after the soft UK May CPI miss pinned sterling near the 200-dma, then sliced sharply lower on the final bar to a weekly low of 1.3334, taking out the 1.3417 200-dma. Price now sits well below EMA20 and EMA50 with RSI(14) pressed into oversold territory. The 1.3417 200-dma flips to overhead resistance while 1.3300 is the next round-number reference below.
Support: 1.33345, 1.3300
Resistance: 1.3417, 1.3430
What it said to watch
Thu 06:00 UTC UK jobs and 11:00 UTC BoE decision are the week's dominant catalysts and could materially shift this read
An H1 close back above 1.3417 200-dma would invalidate the breakdown
Failure to hold 1.3334 keeps the 1.3300 path in play
19:01 UTC
Range break, turning lower · RSI 34 · price 1.33635
Broke below week's range floor.
Cable coiled in a tight 1.3410–1.3460 band since Monday's open before the final hour sheared lower, breaking the 200-DMA at 1.3417 and the weekly low on the hawkish Fed hold and stronger US retail sales. The break to a 1.33555 session low pushed RSI(14) toward oversold and price under both EMA(20) and EMA(50). Momentum has flipped after days of compression.
Support: 1.33555, 1.3350
Resistance: 1.3417, 1.3443
What it said to watch
Hourly close back above the 200-dma at 1.3417 would negate the downside break
UK jobs at 06:00 UTC then BoE decision at 11:00 UTC Thursday are the week's dominant catalysts
Failure to hold 1.3350 keeps the lower path in play
Broke below this-week range floor to fresh weekly low.
GBPUSD sliced through the week's 1.3410 floor and the 200-DMA near 1.3417 in the latest bar, printing a fresh weekly low at 1.33555 after soft UK May CPI kept the BoE-on-hold narrative intact. The pair had ranged 1.3397–1.3460 since Monday, capped by a sequence of lower highs into the NY sessions; RSI(14) has rolled to the high-30s and price now sits below both EMA(20) and EMA(50).
Support: 1.33555, 1.3350
Resistance: 1.3410, 1.3417, 1.3443
What it said to watch
UK jobs at 06:00 UTC and BoE decision at 11:00 UTC Thursday are the dominant catalysts — could materially shift this read
Reclaim of the 1.3410 weekly low would neutralise the downside break
Failure to hold the 1.3350 round number extends the lower-low sequence
GBPUSD has bled lower since Tuesday's NY session after soft May UK CPI reinforced a steady-BoE read, slipping under the 1.3410 weekly low and 1.3417 200-dma which now cap rallies. Price sits below EMA20 and EMA50 with RSI(14) pinned in the high-30s, and the last swing low at 1.33844 has been tested into the close. The Fed decision and Warsh presser landing now are the immediate driver.
Support: 1.33844, 1.33782
Resistance: 1.3410, 1.3417, 1.3443
What it said to watch
Failure to hold 1.33844 confirms a fresh lower-low
H1 close back above the 1.3410 weekly low neutralises the breakdown
Fed decision now and Warsh presser (18:30 UTC) could materially shift this read
UK jobs Thu 06:00 UTC and BoE 11:00 UTC are the next sterling pivots
GBPUSD has ground lower since Monday's open, accelerating after the soft UK May CPI print pressed price to a weekly low near 1.3410 and now sub-1.3400. Price sits below EMA20 and EMA50 with RSI(14) under 40, and the prior weekly-low pivot at 1.3410 plus the 1.3417 200-dma now cap rallies. The Fed decision is live and Warsh's 18:30 UTC presser is the immediate two-way risk.
Support: 1.33844, 1.3380
Resistance: 1.3410, 1.3417, 1.3443
What it said to watch
Fed presser at 18:30 UTC could materially shift this read
Hourly close back above 1.3417 200-dma negates the breakdown
Failure to hold 1.33844 swing low confirms continuation toward 1.3380
UK jobs Thu 06:00 UTC and BoE Thu 11:00 UTC are the next structural drivers
GBPUSD has rolled over from the 1.3454 week high, printing lower highs through the NY session after soft UK May CPI reinforced a steady-BoE read and pressed sterling toward its weekly lows. Price now sits at 1.33955, below EMA20 and EMA50 with RSI(14) in the high 30s; the 1.34170 EMA20 zone has capped the latest bounce. Demand around the 1.33844 swing low is the immediate floor.
Support: 1.33844, 1.3380, 1.33262
Resistance: 1.3417, 1.3427, 1.34542
What it said to watch
FOMC decision at 18:00 UTC plus Warsh presser could materially shift this read within the hour
Close back above 1.34170 EMA20 would neutralise the lower-high sequence
Failure to hold 1.33844 opens the path toward 1.33800 and the week low
16:01 UTC
Downtrend developing, range floor giving way · RSI 37 · price 1.33932
Break below week range, lower highs.
Cable coiled in a 1.3410–1.3460 band since Monday's open, then slipped through the range floor into NY hours after the soft May CPI print gave the BoE cover to stay on hold. RSI(14) has rolled to the upper-30s with price under both EMAs, and the 1.3410 prior-support shelf now caps as resistance. The late drop to 1.3393 marks the week's lower-high sequence extending.
Support: 1.3384, 1.3326
Resistance: 1.3410, 1.3438, 1.3460
What it said to watch
H1 close back above 1.3410 negates the range-break read
Fed decision 18:00 UTC tonight could materially shift this read
Failure to hold 1.3384 confirms a lower-low extension
16:01 UTC
Range turning lower · RSI 38 · price 1.33932
This-week range breaking down toward lows.
Cable spent most of the week coiled in a 1.3400-1.3460 band after Monday's rally off 1.3326, but slipped below 1.3400 into the NY session and is now pressing session lows near 1.3393 after the soft UK CPI reinforced a BoE hold. Price sits below both EMA20 and EMA50 with RSI(14) sliding toward the high-30s, confirming the loss of the week's range floor. The 1.3443 prior high and 1.3461 week high capped repeated attempts higher earlier in the week.
Support: 1.3384, 1.3326
Resistance: 1.3400, 1.3443, 1.3461
What it said to watch
Fed decision 18:00 UTC and Warsh presser tonight could materially shift this read
Failure to reclaim 1.3400 keeps pressure on the 1.3384 session low
Close back above 1.3443 would neutralise the breakdown and restore the range
15:01 UTC
Range after early-week rally, edging lower · RSI 44 · price 1.34061
Cable rallied off Monday's 1.3324 base to a 1.3461 week high, then spent the rest of the week coiling in a 1.3390–1.3460 range with lower highs into NY hours. Price has drifted back to the 1.3400 handle after May CPI undershot, cementing a BoE-on-hold read, and sits below both EMAs with RSI(14) tracking in the low 40s. The 1.3460 week high has capped every attempt while 1.3400 keeps absorbing the downside.
Support: 1.3400, 1.33903
Resistance: 1.3435, 1.34608
What it said to watch
FOMC decision 18:00 UTC tonight could materially shift this read
UK jobs 06:00 and BoE 11:00 UTC Thursday are the next domestic risk
H1 close below 1.3390 confirms a lower-low and breaks the range floor
Reclaim of 1.3435 reasserts the mid-range and fades the drift lower
15:01 UTC
Range, drifting to lower end · RSI 43 · price 1.34061
Range-bound, testing range floor.
Cable rallied off Monday's 1.3324 open to a week high near 1.3460, then settled into a 1.3400–1.3460 range that has held all week. GBP softened to the range floor after May CPI undershot (core 2.6% vs 2.7%), and price now sits below EMA20 with RSI(14) cycling in the low 40s. The 1.3400 handle is the near-term pivot ahead of the Fed tonight and the BoE/jobs double-header tomorrow.
Support: 1.3400, 1.3392
Resistance: 1.3418, 1.3437, 1.3460
What it said to watch
Fed decision 18:00 UTC and Warsh presser could materially shift this read
BoE/UK jobs Thu (06:00/11:00 UTC) are the dominant near-term risk
H1 close below 1.3392 confirms a lower-low and breaks the range floor
Reclaim of 1.3437 reasserts the range mid
14:00 UTC
Range, drifting lower · RSI 46 · price 1.34146
Lower-highs into weekly-low support.
Cable spent the week coiling and rolled over from the 1.3461 weekly high after May CPI undershot, easing back toward the 1.3400 handle and trading below both EMA(20) and EMA(50). Each NY-session bounce has stalled into a lower high around 1.3430, while demand has so far held the 1.3400 area. RSI(14) sits mid-40s with no extreme, consistent with range compression rather than a clean break.
Support: 1.3400, 1.3390, 1.3408
Resistance: 1.3430, 1.3446, 1.3461
What it said to watch
H1 close below 1.3400 confirms a lower-low and opens 1.3390
Reclaim of 1.3430 negates the lower-highs sequence
FOMC + Warsh presser tonight could materially shift this read
UK jobs 06:00 UTC and BoE decision 11:00 UTC tomorrow are the next pivots
Consolidation under prior-week high, holding 1.3400 handle.
Cable has spent the week coiling in a tight 1.3390–1.3460 band, drifting toward the lower half after May CPI undershot and reaffirmed a BoE hold. Price sits just under EMA(20)/EMA(50) with RSI(14) hovering near 47, reflecting balanced, directionless flow as traders sideline into tonight's Fed. The 1.3400 handle has absorbed repeated tests this week and remains the near-term pivot.
Support: 1.3400, 1.3390, 1.3370
Resistance: 1.3445, 1.3461
What it said to watch
FOMC decision 18:00 UTC and Warsh presser 18:30 UTC could break this range either way
UK jobs 06:00 UTC and BoE 11:00 UTC tomorrow are the next GBP swing factors
Hourly close below 1.3390 confirms a lower-low and opens the week-low area
Reclaim of 1.3445 puts the 1.3461 week high back in play
13:01 UTC
Pullback lower within weekly range · RSI 41 · price 1.34048
Lower highs since midweek peak, testing range floor.
Cable rose from Monday's 1.3325 base to a midweek high near 1.3461, then rolled over into a series of lower highs as May CPI undershot (core 2.6% vs 2.7%), pressing price back to the 1.3400 handle. RSI(14) sits sub-45 and price has slipped below EMA20, with the weekly low at 1.3410 now being tested. The 1.3400 round number is holding the floor ahead of tonight's Fed and tomorrow's UK jobs/BoE.
Support: 1.3400, 1.3390, 1.3410
Resistance: 1.3425, 1.3443, 1.3461
What it said to watch
H1 close below 1.3400 confirms a lower low and opens 1.3390
Reclaim of EMA20 near 1.3425 needed to challenge the 1.3443 session high
FOMC tonight 18:00 UTC and UK jobs 06:00 / BoE 11:00 UTC tomorrow could materially shift this read
Cable spent the week coiling between 1.3400 and the 1.3461 weekly high, with the move stalling and rolling over after May CPI undershot, easing the path for a BoE hold. Price has slipped below EMA20 and EMA50 and is now leaning on the 1.3400 round number, RSI(14) sub-50 confirming softer momentum into the NY session. Two attempts at 1.3443 capped this week, leaving a series of lower highs intact.
Support: 1.3400, 1.3392, 1.3325
Resistance: 1.3425, 1.3443, 1.3461
What it said to watch
FOMC + dot plot at 18:00 UTC and Warsh presser could materially shift this read
Hourly close below 1.3392 confirms a lower-low and pressures 1.3325
Reclaim of EMA20 near 1.3425 needed to neutralise the lower-high sequence
UK jobs 06:00 UTC and BoE 11:00 UTC tomorrow are the next structural drivers
12:00 UTC
Range, drifting to lows · RSI 45 · price 1.34115
Weekly range, retesting lows.
After basing near 1.3325 Monday, cable rallied through the NY session into Wednesday's 1.3465 weekly high, but the softer May CPI print unwound that move and dragged price back to the 1.3410 weekly low where it now sits below EMA20/50. RSI(14) has cycled down toward 44 as each bounce makes a lower high. The week's range stays intact, with 1.3410 the line being retested.
Support: 1.3410, 1.3380, 1.3325
Resistance: 1.3465, 1.3490
What it said to watch
H1 close below 1.3410 opens the path to 1.3380 support and broader range trading
Reclaim of 1.3465 needed to reopen the 1.3490 cap
Fed decision 18:00 UTC and Retail Sales 12:30 UTC are the immediate USD-side risks for this read
12:00 UTC
Range, drifting lower · RSI 46 · price 1.34115
Consolidation under weekly highs.
GBPUSD has coiled in a tight range since Monday's open, with sterling slipping to weekly lows after the soft May CPI miss cemented BoE-hold pricing. The 1.3443/1.3465 zone has capped recovery attempts while 1.3408 is being tested as the weekly floor; price sits just below EMA20 and EMA50 with RSI(14) hovering in the mid-40s. Tonight's Fed decision under Warsh is the immediate driver into the next session.
Support: 1.3408, 1.3380
Resistance: 1.3443, 1.3465
What it said to watch
H1 close below 1.3408 opens broader range toward 1.3380 support
Reclaim of 1.3443 recent high needed to challenge 1.3465 weekly res
FOMC at 18:00 UTC plus US Retail Sales at 12:30 UTC could reshape this range
Cable has spent the week coiling near 1.3400, slipping to a weekly low around 1.3410 after the soft UK CPI print kept the BoE on a patient path. Price sits just under EMA20/EMA50 with RSI(14) hovering in the mid-40s; the 1.3460 weekly high capped two attempts this week before the drift back. Range top respected and the 1.3408 floor still holding into the Fed tonight.
Support: 1.3408, 1.3392, 1.3380
Resistance: 1.3430, 1.3460
What it said to watch
Fed decision tonight could materially shift this read
Close below 1.3392 swing low opens 1.3380
Reclaim of 1.3460 weekly high needed to negate the lower-high sequence
UK jobs and BoE Thursday are the next GBP catalysts
Cable has coiled inside 1.3410-1.3460 since Monday's open, with the soft UK CPI miss dragging price back to the weekly low region near 1.3410 in the latest sessions. Price now sits just under EMA20 with RSI(14) holding in the low-40s; the descending lower-highs from Tuesday's 1.3460 high keep capping rebounds. A tight pre-Fed range remains intact.
Support: 1.3410, 1.3380
Resistance: 1.3430, 1.3460
What it said to watch
Fed decision tonight is the dominant USD risk for the next bars
H1 close below 1.3410 weekly low opens the 1.3380 range floor
Reclaim of 1.3460 week high needed to break the lower-highs structure
UK jobs Thu 06:00 UTC then BoE could reset this range
Cable has spent the week trapped near 1.3400, popping to a 10-day high at 1.3460 on US-Iran ceasefire optimism before round-tripping; this morning's soft UK CPI (0.2% vs 0.4%) capped the rebound. Price now sits just under EMA20/EMA50 with RSI(14) hovering mid-40s after slipping off the 1.3437 prior high. The 1.3408 session low is the immediate floor inside the broader 1.3300–1.3500 range.
Support: 1.3408, 1.3380
Resistance: 1.3437, 1.3460
What it said to watch
FOMC decision ~18:00 UTC today is the dominant near-term driver and could materially shift this read
Loss of 1.3408 opens the path back toward the 1.3380 range floor
Hourly close above 1.3437 puts the 1.3460 week high back in play
Cable has been trapped in a 1.3340–1.3460 range all week, popping to a 10-day high near 1.3460 on US-Iran ceasefire optimism before round-tripping. This morning's soft UK CPI (0.2% vs 0.4%) capped the rebound and price has drifted back under EMA20 into the NY session, coiling around 1.3415. RSI(14) sits sub-50 with momentum flat as positioning skews to the Fed.
Support: 1.3408, 1.3390, 1.3380
Resistance: 1.3430, 1.3460, 1.3490
What it said to watch
FOMC decision today ~18:00 UTC is the dominant near-term driver for this read
H1 close below 1.3408 confirms a lower-low toward 1.3380
Close above 1.3460 reopens the range top at 1.3490
09:01 UTC
Range, drifting off week high · RSI 44 · price 1.34163
Rangebound within this-week band, lower highs since the spike.
Cable popped from Monday's 1.3324 low to a 10-day high near 1.3460 on US-Iran ceasefire optimism, then round-tripped and is now drifting in the lower half of the week's range below EMA(20). Today's soft UK CPI (0.2% vs 0.4% m/m) trimmed hawkish BoE pricing, but price has refused to leave the broad 1.3380-1.3460 band as the market parks ahead of the Fed. Lower highs since the spike show supply capping rallies into 1.3443.
Support: 1.3390, 1.3380, 1.3324
Resistance: 1.3443, 1.3460, 1.3490
What it said to watch
FOMC decision tonight is the dominant near-term driver and could shift this read
H1 close below 1.3380 opens the path toward the 1.3324 range floor
Reclaim of 1.3460 needed to put the 1.3490 cap back in play
Cable popped to a 10-day high near 1.3460 on US-Iran ceasefire optimism early in the week, then round-tripped and has churned sideways in the 1.3400-1.3440 zone since. Price now sits below EMA(20) at ~1.3430 with RSI(14) drifting into the low 40s after today's soft UK CPI miss undercut hawkish BoE pricing. The 1.3300-1.3500 band remains intact and 1.3460 has capped every attempt this week.
Support: 1.3390, 1.3380, 1.3325
Resistance: 1.3430, 1.3460
What it said to watch
FOMC tonight is the dominant USD driver and could materially shift this read
H1 close above 1.3460 would break the week's lower-highs and reopen 1.3490
Failure to hold 1.3380 confirms a return toward the broader range floor
Consolidation below week high, capped by lower highs.
Cable popped to a 10-day high near 1.3460 on US-Iran ceasefire flows early week then round-tripped into a tight 1.3390-1.3443 range as the dollar held firm ahead of the FOMC. Today's soft UK CPI (0.2% vs 0.4% m/m) kept rallies capped at the 1.3443 recent high while price has now slipped back under EMA20 at 1.3426. The last bar's dip to 1.3408 leaves the swing low at 1.3392 as the near-term floor.
Support: 1.3392, 1.3380, 1.3325
Resistance: 1.3426, 1.3443, 1.3460
What it said to watch
FOMC decision tonight is the dominant driver and can break this range either way
H1 close below 1.3380 range floor opens the broader 1.3300-1.3500 band
Reclaim above 1.3460 week high needed to resume the early-week advance
Cable round-tripped this week — it popped to a 10-day high near 1.3460 on US-Iran ceasefire optimism then settled into a tight 1.3400-1.3460 range. Price is hovering just below EMA(20) with RSI(14) mid-range after soft UK CPI undercut hawkish BoE pricing. FOMC tonight is the dominant near-term driver into this coiled structure.
Support: 1.3400, 1.3380
Resistance: 1.3443, 1.3460
What it said to watch
FOMC tonight could materially shift this read
Close below 1.3380 opens the broader 1.3300-1.3500 range floor
Cable is coiling near 1.3420 within the multi-week 1.3300-1.3500 range, with RSI(14) flat around 50 and price pinned to EMA20/EMA50. Monday's risk-on pop to the 1.3460 week high round-tripped, and this morning's soft UK CPI (MoM 0.2% vs 0.4% f/c) trimmed BoE hike bets without forcing a break. The 1.3443 swing high has capped attempts since, leaving the range top respected.
Support: 1.3390, 1.3380, 1.3325
Resistance: 1.3443, 1.3460
What it said to watch
Fed decision tonight (18:00 UTC) could materially shift this read
H1 close below 1.3380 lower band signals a return to range trading
Reclaim of the 1.3443 swing high reopens the path to the 1.3460 week high
Loss of the 1.3390 swing low exposes the lower band
Cable round-tripped this week — Monday's risk-on pop to 1.3460 fully reversed, leaving price coiling near 1.3420 just under EMA(20). RSI(14) sits in the mid-40s with no real momentum after this morning's soft UK CPI miss, which trimmed BoE hike bets. The 1.3400-1.3460 band has contained price for two days into tonight's Fed decision.
Support: 1.3400, 1.3380
Resistance: 1.3443, 1.3460
What it said to watch
Fed decision + SEP tonight (18:00 UTC) could materially shift this read
Hourly close below 1.3380 confirms return to broader range trading
Reclaim of 1.3460 needed to revive this week's high
06:01 UTC
Range, mild upward drift · RSI 54 · price 1.34307
Consolidating below weekly high after midweek impulse.
Cable rallied off Friday's 1.3398 low to a 1.34608 week high into Monday's NY session, then round-tripped and has spent the last two days coiling near 1.343 with doji-like indecision. Price sits just above EMA20/EMA50 with RSI(14) parked in the low-50s — a balanced, event-driven hold. The UK CPI bundle at 06:00 UTC is the immediate catalyst that frames the next leg.
Support: 1.3403, 1.33908, 1.3380
Resistance: 1.3443, 1.34608
What it said to watch
UK CPI at 06:00 UTC is releasing now and could break this consolidation either way
Close above 1.3443 reopens the 1.34608 week high
Break below 1.3380 range floor signals broader range trade toward 1.3300
06:01 UTC
Uptrend stalling into range · RSI 54 · price 1.34307
Consolidation above prior breakout.
Cable climbed off the 1.3324 low early in the week into a 1.3461 peak, then drifted into a tight consolidation pinned around 1.3425-1.3430, holding above EMA(20). Resistance at 1.3443 and the 1.3461 week high have capped attempts, while RSI(14) flattened near 54 as the range tightened ahead of the UK CPI bundle landing at 06:00 UTC.
Support: 1.3415, 1.3390, 1.3380
Resistance: 1.3443, 1.3461
What it said to watch
UK CPI at 06:00 UTC could break this coil in either direction
Close above 1.3461 opens the path toward 1.3490
Break below 1.3380 signals a broader range trade toward the 1.3300 floor
Cable has gone sideways near 1.3425 since Wednesday's NY session, hugging flat EMA(20)/EMA(50) with RSI(14) parked around 50. Wednesday's push to the 1.3461 week high round-tripped, and the 1.3445 area has capped the latest bounce. Asian-session bars are tight and indecisive into the 06:00 UTC UK CPI bundle.
Support: 1.3392, 1.3380, 1.3325
Resistance: 1.3445, 1.34608
What it said to watch
UK CPI at 06:00 UTC (~1h out) likely sets the next leg and could shift this read
close above 1.3445 reopens the 1.3461 week high
break below 1.3392 swing low exposes the 1.3380 range floor
Consolidating below week high after Monday's recovery.
Cable has coiled around 1.3425 since recovering off Monday's 1.3325 low, holding just above EMA20 with RSI(14) flat near 54. The week high at 1.3460 capped the advance and price has tracked sideways through the latter half of the window. Indecisive, doji-heavy action reflects positioning into today's UK CPI bundle.
Support: 1.3420, 1.3380, 1.3300
Resistance: 1.3460, 1.3490
What it said to watch
UK CPI at 06:00 UTC (next bar) could break the 1.3420-1.3460 range
FOMC tonight could materially shift this read
Close above 1.3460 opens the path toward the 1.3490 barrier
Failure to hold 1.3380 confirms broader range trade toward 1.3300
Cable has chopped sideways since the week opened near 1.3398, running to a 1.3461 week high before round-tripping back into the 1.3420 area, where price now sits right on EMA20. Two attempts at the 1.3443 prior high have been capped while the 1.3391 week low and 1.3380 CPI floor have held, leaving RSI hovering near the midline. The doji-heavy stall reflects an event-driven market parked ahead of UK inflation data.
Support: 1.3420, 1.3391, 1.3380
Resistance: 1.3443, 1.3461
What it said to watch
UK CPI bundle at 06:00 UTC could break the 1.3380–1.3461 range either way
Close above 1.3461 week high opens upside; break below 1.3380 confirms range floor
FOMC at 18:00 UTC a later risk that could reset this read
04:01 UTC
Range, momentum flat · RSI 49 · price 1.34263
Consolidation under week high, drifting lower highs.
Cable has been pinned in a 1.3400–1.3460 range all week, indecisive into the UK CPI bundle. Monday's leg up from the 1.3324 low stalled at the 1.3460 week high and price has since drifted back to flatline around the EMA(20), with RSI(14) cycling near 50. Lower highs have formed since the peak while 1.3400 keeps catching the dips.
Support: 1.3400, 1.3380, 1.3324
Resistance: 1.34608, 1.3490
What it said to watch
UK CPI at 06:00 UTC could materially shift this range read
H1 close above 1.3460 opens the path to the 1.3490 barrier
Loss of 1.3400 / 1.3380 trigger exposes the 1.3324 week low
FOMC tonight (18:00 UTC) adds USD-side risk to the read
Cable rallied off Monday's 1.3325 swing low through the weekly open to tag 1.3460 on Tuesday, then stalled. Since then price has consolidated in a tight 1.3400–1.3445 band, pinned around EMA(20) with RSI(14) near 50 — indecision into the UK CPI bundle. The 1.3460 week high has capped advances.
Support: 1.3400, 1.3380, 1.3325
Resistance: 1.3445, 1.3460, 1.3490
What it said to watch
H1 close above 1.3460 week high opens the path toward the 1.3490 range top
Break below the 1.3380 trigger signals broader range trade toward the 1.3300 floor
UK CPI at 06:00 UTC and FOMC at 18:00 UTC could materially shift this read
Consolidation under week high after recovery off Monday's low.
Cable is pinned around 1.3425, consolidating since the recovery off Monday's 1.3325 low, with price hugging EMA(20) and RSI(14) flat near 51. The 1.3445–1.3465 zone has capped attempts all week while pullbacks have held above 1.3392. Doji-like bars into the European open reflect an indecisive, event-driven tape ahead of the UK CPI bundle.
Support: 1.3392, 1.3380, 1.3325
Resistance: 1.3445, 1.3465
What it said to watch
UK CPI bundle at 06:00 UTC — soft print risks a break below 1.3380 range floor
H1 close above 1.3465 opens the path back toward week highs
FOMC dot-plot later today could materially shift this read
02:01 UTC
Rangebound, low momentum · RSI 52 · price 1.34292
Consolidation mid-range after mid-week high.
Cable rallied off Monday's 1.33243 low to a mid-week high at 1.34608 before fading, and has since coiled into a tight 1.3392-1.3443 range hugging the EMA(20). The US-Iran ceasefire pop to the 10-day high round-tripped, leaving price treading water near 1.3429 with RSI(14) flat around 52 — classic pre-event indecision. Volume has thinned into the Asia session ahead of UK CPI.
Support: 1.3392, 1.3380, 1.33243
Resistance: 1.3443, 1.34608, 1.3465
What it said to watch
UK CPI in ~4h (06:00 GMT) is the dominant catalyst for this range
Hourly close above 1.3443 reopens the 1.3465 cap zone
Break below 1.3392 confirms a return to broader range trade toward 1.3380
US Retail Sales and FOMC later today could materially shift this read
02:00 UTC
Uptrend stalled, now ranging · RSI 54 · price 1.34292
Consolidation below week high after impulse.
Cable rallied off the 1.3324 swing low to a 10-day high near 1.3460 on the US-Iran ceasefire risk-on move, then gave part of that back and has consolidated around 1.3425-1.3430 since. RSI(14) sits mid-range near 53 and price hugs EMA20, with the 1.3460 week high capping the latest attempt. The pair is treading water into UK CPI.
Support: 1.3400, 1.3380, 1.33243
Resistance: 1.3446, 1.34608, 1.3490
What it said to watch
UK CPI at 06:00 GMT (~4h) could break the 1.3380-1.3460 range
Sustained close above 1.3460 reopens the path to 1.3490
Failure to hold 1.3380 signals a return to broader range trade
01:01 UTC
Rangebound, momentum flat · RSI 49 · price 1.3424
Consolidation in upper half of week's range.
Cable gapped higher into Monday's open and pushed to a week high at 1.3461 before fading back to flat, and has spent the last sessions grinding sideways around 1.3424 in line with the broader 1.3300–1.3500 range read. Price is pinned to the H1 EMA(20) with RSI(14) parked near 50, reflecting indecision ahead of UK CPI. The 1.3437 prior high has capped the latest attempts higher while dips have held above 1.3397.
Support: 1.3415, 1.3397, 1.3380
Resistance: 1.3437, 1.3461
What it said to watch
UK CPI at 06:00 UTC (~5h) is the dominant near-term catalyst for this read
An H1 close above 1.3437 reopens the 1.3461 week high
A close below 1.3397 signals a return to broader range trading toward 1.3380
01:01 UTC
Rangebound, neutral · RSI 53 · price 1.3424
This-week range, 1.3380–1.3460.
Cable has traded a tight this-week range between the 1.3380 range floor and the 1.3460 week high, with price pinned around 1.3424 just above EMA(20). The post-gap push to 1.3460 faded, a dip held the 1.3392 swing low, and the recovery stalled at 1.3443; RSI(14) is mid-range near 53, reflecting the doji-like indecision into the UK CPI/FOMC double-header.
Support: 1.3392, 1.3380
Resistance: 1.3443, 1.3460
What it said to watch
UK CPI at 06:00 UTC and FOMC at 18:00 UTC could materially shift this read
An H1 close above 1.3460 breaks the week high and extends the range top
A close below 1.3380 confirms a return to broader range trading toward 1.3300
Cable has spent the week trapped roughly 1.3380–1.3460, with a weekend gap higher into Monday's open quickly fading back toward the middle. Since then price has coiled around 1.3428 just above EMA(20)/EMA(50), RSI(14) hovering near 50 — the indecision the macro digest flags into UK CPI and the FOMC. Higher lows have built since the 1.3390 base, but the 1.3460 week high has capped attempts.
Support: 1.3390, 1.3380, 1.3325
Resistance: 1.3460, 1.3490
What it said to watch
UK CPI in ~6h (06:00 UTC) could break this range either way
FOMC Thursday is the larger swing factor for the read
H1 close above 1.3460 opens the path toward 1.3490
Close below 1.3380 signals return to broader range toward 1.3325
00:01 UTC
Rangebound, capped near week high · RSI 53 · price 1.34275
Consolidation below 1.3460 range top.
Cable has been trapped roughly 1.3380–1.3460 all week, with the US-Iran ceasefire risk-on pop to 1.3460 round-tripping back into the mid-range. Price holds just above EMA(20) near 1.3425 with RSI(14) cycling near the midline; the last few bars are near-doji, reflecting indecision ahead of UK CPI and the FOMC. The 1.3443/1.3460 band has capped the upper half of the range while pullbacks have found demand near 1.3390.
Support: 1.3420, 1.3390, 1.3380
Resistance: 1.3443, 1.3460
What it said to watch
UK CPI Wed 06:00 UTC and FOMC could materially shift this read
H1 close above 1.3460 opens the path toward 1.3490
Close below 1.3380 signals return to broader range trade toward 1.3300