GBP/USD AI Live Scan, 1-hour chart, Tuesday, 23 June 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.
23:01 UTC
Downtrend, lower highs · RSI 42 · price 1.3199
Pullback from Thursday peak into range floor.
Cable has bled lower since Thursday's 1.3273 peak, printing a clean series of lower highs and probing the 1.3205-1.3185 range floor late in the session on thin liquidity. Price sits below both EMA20 (~1.3215) and EMA50 (~1.3228) with RSI(14) soft in the low 40s, consistent with the week's defensive tone after the UK PMI miss and a firm dollar near 13-month highs.
Support: 1.3185, 1.3163
Resistance: 1.3247, 1.3273
What it said to watch
Clean H1 close below 1.3185 opens the path toward 1.3160
Reclaim of 1.3247 needed to break the lower-highs structure
BoE Dhingra (dovish) and US core PCE Thursday could materially shift this read
23:01 UTC
Downtrend, pressing range floor · RSI 42 · price 1.3199
Lower highs into 1.3185-1.3273 range.
Cable has trended lower since Monday's ~1.3300 open, hitting a 1.3168 swing low after June flash PMIs missed (Services 48.7, Composite 49.4) against a broadly bid USD. Since then price has ranged 1.3185-1.3273 and is now back testing the range floor, holding below both EMA20 and EMA50 with RSI(14) soft in the low-40s. Each NY-session rally this week has stalled into lower highs around 1.3247-1.3273.
Support: 1.3185, 1.3168, 1.3160
Resistance: 1.3247, 1.3273
What it said to watch
Clean H1 close below 1.3185 confirms a lower-low and opens 1.3160
Close back above 1.3247 range top would neutralise the soft momentum
BoE Dhingra speech and US core PCE Thursday are the dominant catalysts that could shift this read
Lower highs since midweek bounce, pressing range floor.
Cable has bled lower since the midweek bounce peaked near 1.3273, trading below both EMA20 and EMA50 with RSI(14) capped under 50. The 1.318 range floor is being retested after PMI misses and UK political uncertainty kept sterling heavy against a firm dollar. Resistance at 1.3247 has marked successive lower highs through the back half of the week.
Support: 1.3182, 1.3163
Resistance: 1.3247, 1.3273
What it said to watch
Clean H1 close below 1.3182 range floor exposes 1.3163 week low
Reclaim of 1.3247 prior high would break the lower-high sequence
US core PCE Thursday is the dominant cross-driver that could reshape this read
Rolled over from week high, grinding toward range floor.
Cable rolled off Monday's 1.3325 area after the soft UK flash PMIs and a broadly bid dollar, basing near 1.3163 before a midweek NY-session bounce stalled at 1.3273. Price has since made lower highs back under EMA20/EMA50, drifting toward the 1.3182 range floor with RSI(14) soft around 42. The 1.3273 cap was rejected and momentum stays heavy below it.
Support: 1.3182, 1.3163
Resistance: 1.3220, 1.3247, 1.3273
What it said to watch
H1 close below 1.3182 opens the 1.3163 week low and 1.3160 below
Reclaim of 1.3247 needed to challenge the 1.3273 bounce high
BoE Dhingra speak and US core PCE Thursday could materially shift this read
Cable rolled over from 1.3320 early in the week as soft UK flash PMIs (Services 48.7, Composite 49.4) and political uncertainty met a broadly bid dollar, and price has since coiled below EMA20/50 in a 1.3205–1.3247 range. Lower highs have capped each NY-session bounce while the 1.3205 floor is being pressed again into the close, with RSI(14) soft in the mid-40s. The week-low at 1.3163 is the next reference if the floor gives way.
Support: 1.3205, 1.3182, 1.3163
Resistance: 1.3247, 1.3273
What it said to watch
H1 close below 1.3205 range floor opens the path to 1.3163
Reclaim of 1.3247 swing high needed to ease the lower-high pressure
US core PCE Thursday is the dominant cross-asset USD driver and could shift this read
21:01 UTC
Downtrend, attempting to stabilise · RSI 44 · price 1.32026
Range after this-week selloff.
Cable sold off hard from Monday's 1.3320 area after Tuesday's flash PMI miss and political headlines, basing near 1.3168 before a recovery into 1.3273 stalled. Price has since rolled over to the 1.3200 psych area, holding below EMA20 with RSI(14) in the mid-40s. Lower highs since the 1.3273 peak keep momentum soft.
Support: 1.3182, 1.3168
Resistance: 1.3262, 1.3275
What it said to watch
H1 close below 1.3168 confirms a fresh lower-low and opens 1.3160
Reclaim of 1.3262 needed to break the lower-high sequence
US core PCE Thursday is the dominant cross-driver for cable
20:01 UTC
Downtrend, pressing lows · RSI 40 · price 1.31885
Lower highs, retesting range floor from below.
Cable has been heavy all week, with the dominant leg down coming Tuesday after the soft UK flash PMIs (Services 48.7 vs 50.0) into a broadly bid dollar. After a corrective bounce to 1.3273, price has rolled over through the 1.3205 range floor and is sitting on the lows near 1.3188, trading below both EMA(20) and EMA(50). RSI(14) is soft in the high-30s, with the 1.3168 week low the next reference.
Support: 1.3168, 1.3160
Resistance: 1.3205, 1.3273
What it said to watch
Sustained trade below 1.3205 keeps the broken-floor read intact
Loss of 1.3168 week low opens the path toward 1.3160
Reclaim of 1.3205 would neutralise the breakdown
US core PCE Thursday is the dominant cross-driver for the next sessions
Cable has carved a steady sequence of lower highs since the 1.3273 spike, with rejection near 1.3247 rolling price back under EMA(20) and into the 1.319 area. Sterling stays heavy after the soft UK flash PMIs and political uncertainty, against a broadly bid dollar near 13-month highs. RSI(14) hovers in the mid-30s as price grinds toward the 1.3168 swing low.
Support: 1.3168, 1.3160
Resistance: 1.3220, 1.32475, 1.32729
What it said to watch
H1 close below 1.3168 confirms a fresh lower-low and opens 1.3160
Reclaim of 1.3220 range mid needed to ease the downside pressure
US core PCE Thursday is the dominant cross-driver and could reshape this read
BoE Dhingra speech today could shift cable's near-term tone
19:01 UTC
Downtrend, momentum soft · RSI 39 · price 1.31879
Lower highs, broke below range floor.
Cable has trended lower since Monday's open, capped by a descending sequence of lower highs and now trading below the 1.3205 range floor that held earlier in the week. RSI(14) is soft near 39 with price under both EMA(20) and EMA(50), and the latest leg down into NY-close hours followed dovish-leaning BoE speak (Dhingra) against a firm dollar. The 1.3247 prior high marks the first cap, while 1.3273 aligns with the 61.8% retracement of the week's drop.
Support: 1.3163, 1.3185
Resistance: 1.3205, 1.3247, 1.3273
What it said to watch
H1 close back above 1.3205 negates the range break
Failure to hold 1.3163 week low opens the path toward 1.3160
US core PCE Thursday is the dominant cross-driver for cable
19:01 UTC
Downtrend, near week lows · RSI 40 · price 1.31879
Lower highs, lower lows; range floor broken.
Cable has trended lower since the week opened near 1.3340, weighed by badly missed June flash PMIs and UK political uncertainty against a broadly bid dollar. A mid-week bounce stalled at 1.3273 before sellers reclaimed control, and price is now pressing the prior 1.3205 floor lows, having slipped to a session low at 1.3183. Trading below both EMA(20) and EMA(50) with RSI(14) hovering near 40 keeps momentum soft.
Support: 1.3183, 1.3160
Resistance: 1.3205, 1.3273, 1.3305
What it said to watch
H1 close below 1.3160 extends the down-leg
Reclaim of 1.3205 would re-establish the prior range floor
BoE Dhingra speech (17:30 UTC) could shift cut-timing read
US core PCE Thursday is the dominant cross-asset USD driver
Cable opened the week near 1.3400 Monday and has ground lower throughout, weighed by soft UK flash PMIs and political uncertainty against a firm dollar. After a mid-week consolidation in the 1.3220-1.3247 band, sellers broke the 1.3205 prior floor into the NY session, dragging price to fresh session lows near 1.3186 with RSI sub-40 and price below both EMA20 and EMA50. The 1.3163 swing low is the next downside reference.
Support: 1.31629, 1.3160
Resistance: 1.3205, 1.3220, 1.32475
What it said to watch
Close below 1.3163 swing low confirms a fresh lower-low, opens 1.3160
Reclaim of 1.3205 prior floor needed to ease the downside pressure
BoE Dhingra speech 17:30 UTC today could shift the read
US core PCE Thursday is the dominant cross-driver for cable this week
18:01 UTC
Downtrend, momentum heavy · RSI 40 · price 1.31857
Lower highs and lower lows, pressing range floor.
Cable opened the week with a gap-down and has bled lower since, printing a clean series of lower highs from the 1.3273 spike with price now sitting below EMA20 and EMA50. Tuesday's flash PMI misses (Services 48.7, Composite 49.4) and a broadly bid USD near 13-month highs have kept sterling defensive, with the 1.3247 swing high capping the only meaningful NY-session bounce. RSI(14) holds in the high-30s, consistent with the prevailing down-leg rather than exhaustion.
Support: 1.3168, 1.3160
Resistance: 1.32218, 1.32475, 1.3275
What it said to watch
H1 close below 1.3168 swing low opens the 1.3160 uob target
Reclaim of 1.3247 swing high needed to break the lower-high series
US core PCE Thursday is the dominant cross-driver and could reset this read
17:01 UTC
Downtrend, fresh lows · RSI 40 · price 1.31904
Lower highs, range floor broken.
Cable opened the week near 1.3185 and spent midweek ranging 1.3205–1.3273, but the NY session has dragged it back to the weekly open as soft UK PMIs and a firm dollar keep it heavy. Price now trades below EMA20 and EMA50 with RSI(14) in the low 40s, and the 1.3205 range floor that gave way has flipped to overhead resistance. A defensive tone persists while price grinds against the 1.3183 base.
Support: 1.3183, 1.3160
Resistance: 1.3205, 1.3247, 1.3273
What it said to watch
H1 close below 1.3183 weekly open confirms a lower low and opens 1.3160
Reclaim of the 1.3205 range floor would ease the downside pressure
BoE Dhingra speech 17:30 UTC, then US core PCE Thursday, could materially shift this read
Cable gapped lower into Monday's open on the Starmer resignation and weak UK flash PMIs, bottoming near 1.3163 before grinding back into a 1.322-1.325 range mid-week. That range floor at 1.3205 has now given way, with price rolling back toward the weekly lows as RSI(14) holds in the high-30s and trades below EMA20. The broadly bid dollar at one-year highs is keeping pullbacks shallow.
Support: 1.3184, 1.31629, 1.3160
Resistance: 1.3205, 1.3247
What it said to watch
H1 close below 1.3163 confirms a lower-low and opens the 1.3160 downside tgt
Reclaim of 1.3205 range floor would negate the breakdown
BoE Dhingra (17:30 UTC) tone and US core PCE Thursday are the dominant catalysts ahead
Cable has been in a clear downtrend since the sharp slide off 1.3400 early in the window, dragged to fresh 7-month lows after UK June flash PMIs missed across the board (Services 48.7 vs 50). Price has tracked a series of lower highs from 1.3273, and the latest close at 1.3201 is testing the 1.3205-1.3210 support that has defined the week's base. RSI(14) sits in the high 30s with price held below both EMA20 and EMA50.
Support: 1.31629, 1.3160
Resistance: 1.3205, 1.32729
What it said to watch
H1 close back above 1.3205 negates the downside break of the 7-month low base
Loss of 1.3163 opens the path toward the 1.3160 target
BoE's Dhingra speech 17:30 GMT today could materially shift the GBP read
US core PCE Thursday is the key external USD catalyst
16:01 UTC
Downtrend, pressing lows · RSI 40 · price 1.32009
Lower highs, retesting week low.
Cable has stair-stepped lower all week, sliding from 1.3400 after the soft UK flash PMIs (Services 48.7 vs 50) and a firm hawkish-Fed dollar, and now grinds at seven-month lows near 1.3205. Price sits below the H1 EMA20 around 1.3232, which has capped the last two NY-session bounces, while RSI(14) holds in the high-30s with no bullish divergence. The 1.3265 session high marks the latest lower high.
Support: 1.3205, 1.3160
Resistance: 1.3232, 1.3265
What it said to watch
H1 close below 1.3205 week low confirms a fresh lower low toward 1.3160
Reclaim of 1.3232 EMA20 / break of 1.3265 session high would ease the downside pressure
BoE Dhingra 17:30 GMT and US core PCE Thursday are the key external drivers
14:01 UTC
Downtrend, now ranging near lows · RSI 41 · price 1.32108
Range after impulsive sell-off, pressing range floor.
Cable was hammered from 1.3408 to sub-1.3170 early week as June flash PMIs missed across the board (Composite 49.4 vs 50.6), and has since ranged 1.3205–1.3270. Price is back probing the range floor in the NY session, holding below both EMA(20) and EMA(50) with RSI(14) stuck in the low 40s. Lower highs since yesterday's 1.3273 peak keep the structure heavy.
Support: 1.3205, 1.3163
Resistance: 1.3270, 1.3305
What it said to watch
Hourly close below 1.3205 exposes the 1.3163 week low
BoE dove Dhingra (17:30 UTC) could shift this read
Close above 1.3270 invalidates the range-floor pressure, with 1.3305 the next cap
14:01 UTC
Downtrend, consolidating near lows · RSI 42 · price 1.32108
Range above weekly low after impulsive drop.
Cable sold off hard from Monday's 1.341 area to a 1.31629 weekly low after June flash PMIs missed across the board (Composite 49.4 vs 50.6), and has since chopped sideways between the 1.3205 range floor and a 1.3275 range top. Price sits back below the H1 EMA20 around 1.3232 with RSI(14) cycling in the low 40s, and the late-session drift has dragged it back toward the range floor. The week's structure remains a series of lower highs capped under 1.3275.
Support: 1.3205, 1.31629, 1.3160
Resistance: 1.3232, 1.3275
What it said to watch
BoE dove Dhingra speaking 17:30 UTC could shift this read
Loss of 1.3205 range floor exposes the 1.31629 weekly low and the 1.3160 break level
H1 close above 1.3275 range top would neutralise the lower-high sequence
13:01 UTC
Downtrend, fading off recovery high · RSI 41 · price 1.32089
Lower highs, pressing range floor.
Cable slid hard from Monday's 1.3415 open down to 1.3163, then recovered to 1.3272 before fading back to the 1.3205 range floor as today's UK PMI miss (Composite 49.4) reinforced a soft GBP read. Price trades below both EMA20 and EMA50 with lower highs capping each NY-session bounce. RSI(14) sits in the low 40s, consistent with the retreat toward the range base.
Support: 1.3205, 1.3168, 1.3160
Resistance: 1.3237, 1.3272
What it said to watch
H1 close below 1.3205 exposes the 1.3168 week low and 1.3160
Reclaim of 1.3237 triangle area would relieve downside pressure toward 1.3272
BoE speakers (Taylor, Dhingra) today and US core PCE Thursday could materially shift this read
13:01 UTC
Downtrend, now ranging near week lows · RSI 43 · price 1.32089
Range-bound floor after Monday-Tuesday slide.
Cable opened the week near 1.3418 and slid hard through Monday's London session to 1.3163, then carved a 1.3205-1.3273 range that has held since. Today's sub-50 UK PMI miss (composite 49.4 vs 50.6) reinforced the soft tone and dragged price back to the 1.3205 range floor, with EMA20 and EMA50 capping every bounce. RSI(14) sits in the low-40s, tracking the drift toward the lower edge.
Support: 1.3205, 1.3163, 1.3160
Resistance: 1.3237, 1.3273
What it said to watch
H1 close below 1.3205 exposes the 1.3163 week low and 1.3160 path
Reclaim of 1.3237 triangle zone would re-open the 1.3273 range top
BoE speakers today (Taylor, Dhingra) could shift the range read
US core PCE Thursday is the dominant USD-side catalyst
Cable has bled lower since Monday's open near 1.3415, with the sharpest leg through the London session that bottomed at 1.3168 before a recovery stalled at 1.3273. Today's UK flash PMI miss (Composite 49.4, Services 48.7) capped the bounce and price is back trading below EMA20 and EMA50 near the 1.3205 range floor. RSI(14) sits in the low 40s, reflecting the soft tone without reaching oversold.
Support: 1.3205, 1.3168
Resistance: 1.3273, 1.3305
What it said to watch
Break of 1.3205 opens the path toward 1.3168 then 1.3160
H1 close above 1.3273 reopens the 1.3305 bull cap
US core PCE Thursday is the dominant cross-asset driver for this read
12:01 UTC
Downtrend, now ranging · RSI 44 · price 1.32214
Range after early-week selloff.
Cable opened the week near 1.3405 and sold off hard through the Tuesday-Wednesday sessions, finding a base at the 1.3163 week low. Price has since stabilised into a 1.3205-1.3275 range, with today's UK flash PMIs missing (Composite 49.4, Services 48.7) keeping the tone soft and capping the bounce near 1.3273. The last few bars are drifting back toward the range floor, holding just under EMA20.
Support: 1.3205, 1.3163
Resistance: 1.3275
What it said to watch
Hourly close below 1.3205 opens the 1.3163 week low
Reclaim of 1.3275 range top needed to neutralise the weekly downtrend
US core PCE Thursday is the dominant driver into next sessions
11:01 UTC
Downtrend, recovery stalling into range · RSI 43 · price 1.32308
Consolidation 1.3205-1.3275 after recovery off lows.
Cable bounced off this week's 1.3185 open low but has spent the last two sessions consolidating 1.3205-1.3275; today's soft UK PMIs (Composite 49.4 vs 50.6) kept the rebound contained and reasserted the underlying downtrend. RSI(14) sits mid-range near 43 with price drifting back under EMA20 after two rejections at 1.3275. The 1.3205-1.3275 band has framed price action since the recovery; demand has held the lower edge so far.
Support: 1.3205, 1.3185, 1.3160
Resistance: 1.3275, 1.3305
What it said to watch
H1 close below 1.3205 opens the path to 1.3160
Reclaim of 1.3275 would negate the soft range read, with 1.3305 the next cap
US core PCE Thursday is the dominant external catalyst for this read
11:01 UTC
Downtrend, now consolidating · RSI 44 · price 1.32308
Lower highs into range above week low.
Cable broke down from 1.3418 early in the window and has since drifted into a 1.3205–1.3275 range, sitting near 7-month lows after today's soft UK PMIs (Composite 49.4 vs 50.6). Price trades below both EMA20 and EMA50 with RSI cycling in the low-40s, keeping the broader down-leg intact. The 1.3275 zone has capped recovery attempts while 1.3205 has held as near-term support.
Support: 1.3205, 1.3192, 1.3160
Resistance: 1.3275, 1.3305
What it said to watch
Break below 1.3205 opens the path to the 1.3192 week low, then 1.3160
Hourly close above 1.3275 would neutralise the lower-high sequence; 1.3305 the next cap
BoE speakers (Taylor, Dhingra) today and US core PCE this week are the dominant catalysts
10:01 UTC
Downtrend, attempting to base · RSI 42 · price 1.32214
Range after seven-month lows.
Cable carved fresh seven-month lows near 1.3168 mid-week before a bounce to 1.3273, and has since drifted back to 1.3221 — sub-50 PMIs (Composite 49.4) have kept GBP heavy. Price sits below EMA20 and EMA50 with RSI(14) around 41, and the 1.3205-1.3273 range has held since the rebound. The 1.3273 cap has rejected the recovery and lower highs are forming into the European session.
Support: 1.3205, 1.3168, 1.3160
Resistance: 1.3247, 1.3273
What it said to watch
H1 close below 1.3205 reopens the 1.3160 downside target
reclaim of 1.3273 range cap needed to neutralise the lower-high sequence
BoE speakers today (Taylor 13:55 UTC, Dhingra 17:30 UTC) could shift the read
US Core PCE Thursday is the dominant USD catalyst for this pair
Consolidating near 7-month lows after impulse down.
Cable has trended lower all week, sliding from Monday's 1.342 open to a 1.3163 low after across-the-board UK PMI misses (Composite 49.4, Services 48.7) reinforced the soft GBP read. A bounce into yesterday's NY session stalled at 1.3273 and price is now back below EMA20/EMA50, grinding toward the 1.3203 swing low. RSI(14) sits in the low 40s with no recovery momentum.
Support: 1.3203, 1.3163
Resistance: 1.3247, 1.3273
What it said to watch
H1 close below 1.3203 opens the path toward the 1.3163 week low
Reclaim of 1.3247 prior high would ease the lower-high structure
BoE speakers (Taylor 13:55 UTC, Dhingra 17:30 UTC) and US PCE Thursday could shift this read
Cable sold off from 1.3417 to the 1.3163 week low as firm USD and the Starmer-exit overhang weighed, then gapped lower into Monday's open before clawing back through the week. The bounce stalled at the 1.3273 week high and price has since drifted back to 1.3228, sitting below EMA20/EMA50 with RSI(14) hovering in the low 40s. The 1.3216 session low is the immediate floor under a tight consolidation.
Support: 1.3216, 1.3163
Resistance: 1.3273, 1.3305
What it said to watch
H1 close below 1.3216 session low reopens the 1.3163 week low
Reclaim of 1.3273 week high needed to challenge the 1.3305 cap
UK PMIs and US core PCE this week could materially shift this read
09:01 UTC
Downtrend, now consolidating near lows · RSI 44 · price 1.3228
Range-bound after the Monday selloff.
Cable sold off hard from 1.3417 at Monday's open down through 1.32 as firm USD and UK political limbo weighed, then steadied. Since the weekend gap lower it has been pinned in a 1.3190 range low to 1.3247 range top band, with price tracking just under EMA20 and RSI mid-40s. The week high at 1.3273 capped Friday's bounce; structure is balanced into today's PMIs.
Support: 1.3190, 1.3163
Resistance: 1.3247, 1.3273
What it said to watch
UK S&P Global PMIs (Services 50 line) and US PMIs later today can break this range read
Hourly close below 1.3190 confirms a lower-low, opening the 1.3163 april low
Close above 1.3247 range top puts the 1.3273 week high back in play
08:01 UTC
Downtrend stalling, now ranging · RSI 47 · price 1.32338
Lower lows into sideways consolidation.
This week opened near 1.3420 then sold off hard into Tuesday's 1.3168 week low as broad USD strength and the hawkish Fed dominated price action. It has since consolidated in a 1.3210–1.3245 band, with the 1.3245 range cap repeatedly capping recovery attempts. RSI(14) sits mid-range near 47 with price hugging the underside of EMA(20).
Support: 1.3210, 1.3168
Resistance: 1.3245, 1.3305
What it said to watch
UK S&P Global PMIs at 08:30 UTC (Services f/c 50.0) land imminently and can break this range
H1 close above the 1.3245 range cap invalidates the range read and opens 1.3305
Failure to hold the 1.3210 swing low reopens the 1.3168 week low
07:01 UTC
Downtrend stabilising, recovery into range · RSI 53 · price 1.3240
Mid-week slide then higher lows, boxed near range cap.
GBPUSD opened the week near 1.342 then slid sharply through mid-week to the 1.3163 April low as the post-FOMC hawkish USD repricing dominated. Price has since recovered into a 1.3163–1.3273 range and is now pressing the 1.3245 range cap, holding just above EMA20 with RSI cycling around 53. Strong UK retail sales and the BoE's hawkish vote shift have cushioned Sterling, but the structure remains corrective beneath the week high at 1.3273.
Support: 1.3200, 1.3163
Resistance: 1.3245, 1.3273, 1.3305
What it said to watch
UK S&P Global PMIs at 08:30 UTC — Services sub-50 risks a retest of the 1.3163 April low
Hourly close above 1.3273 week high opens the path to 1.3305 resistance
US PMIs at 13:45 UTC could break the 1.3163–1.3245 range either way
Failure to hold 1.3200 psych shifts the read back toward the lower band
Consolidating below range cap after rebound off April low.
Cable was dumped from 1.3435 to the 1.3163 April low into last week's close, then this week opened near 1.3185 and clawed back to a 1.3273 session high. Price has since rolled over into a tight consolidation under the 1.3245 range cap, sitting just below EMA20 but holding above EMA50 with RSI(14) flat near 47. UK flash PMIs at 08:30 UTC are the immediate swing factor.
Support: 1.3185, 1.3163
Resistance: 1.3245, 1.3273
What it said to watch
Hourly close above the 1.3245 range cap opens the path to 1.3273
Loss of the 1.3185 week open re-exposes the 1.3163 april low
UK S&P Global PMIs 08:30 UTC could break the consolidation either way
GBPUSD recovered off this week's 1.3184 low into the 1.3273 high and is now consolidating just above EMA(20), with RSI(14) hovering mid-50s. The 1.3273 area has capped the bounce while higher lows have held through Monday's NY session and into Asia. UK PMIs and US PMIs later today are the next tests in an otherwise USD-driven week.
Support: 1.3240, 1.3216, 1.3184
Resistance: 1.3273, 1.3305
What it said to watch
H1 close above 1.3273 opens the path toward the 1.3305 prior high
Loss of 1.3216 swing low reopens the 1.3184 week low
UK PMIs 08:30 UTC and US PMIs 13:45 UTC could materially shift this read
GBPUSD gapped lower into Monday's open near 1.3185 then rallied into the NY session to a 1.3273 session high, with Sterling supported by hot UK data and a hawkish-ish BoE hold. Price has since coiled in the mid-1.32s, holding above EMA(20) with RSI(14) cycling around 50-55 on each dip. The 1.3273 session high has capped the recovery while higher lows since the gap keep the near-term structure intact.
Support: 1.3234, 1.3192, 1.3160
Resistance: 1.3273, 1.3305
What it said to watch
UK Services PMI 08:30 UTC and US S&P Global PMIs 13:45 UTC could materially shift this read
H1 close above 1.3273 opens the path toward 1.3305 resistance
Loss of 1.3192 reopens a retest of the 1.3160 April low
04:01 UTC
Downtrend, recovered into range · RSI 47 · price 1.32418
Consolidating after midweek sell-off.
GBPUSD sold off hard midweek into 1.3163 on the hawkish-Fed USD re-rating, then carved a double bottom and recovered through Monday's session to reclaim 1.3200, basing around 1.3245. Price is now coiling in a tight 1.3240–1.3273 range, holding above EMA(50) but stalling under EMA(20) with RSI(14) flattening near 47. The 1.3273 recovery high has capped the rebound.
Support: 1.3240, 1.3185, 1.3163
Resistance: 1.3273, 1.3305
What it said to watch
UK S&P Global PMIs 08:30 UTC and US PMIs 13:45 UTC could break this range
H1 close above 1.3273 opens the path to 1.3305 resistance
Failure to hold 1.3240 risks a retest of weekly open 1.3185 and the 1.3163 week low
GBPUSD opened near 1.343 Monday and sold off through the week to a 1.3163 low around the April low, then recovered into a 1.319–1.327 range with the dollar leading on hawkish-Fed repricing. Price now sits mid-range above EMA20/50 with RSI near 50; the range top at 1.3273 has capped the NY-session push twice. Demand stepped in repeatedly at the 1.319 swing low, leaving a tentative double-bottom base.
Support: 1.3192, 1.3163
Resistance: 1.3273, 1.3305
What it said to watch
H1 close above 1.3273 range top opens the path to 1.3305
Failure to hold 1.3192 swing low reopens the 1.3163 april low
UK PMIs 08:30 UTC and US PMIs 13:45 UTC could break the range either way
Cable gapped down into Monday's open near 1.3185 but recovered through the session to a week high at 1.32729, with demand holding the 1.3217 swing low after mid-week pressure toward the 1.31629 weekly low on hawkish-Fed USD strength. Price now sits flat in a tight consolidation around 1.3243, with the 1.3250 psych level capping the latest attempts. RSI(14) hovers mid-range and price holds just above EMA20 and EMA50.
Support: 1.3217, 1.3170, 1.31629
Resistance: 1.3250, 1.32729
What it said to watch
UK and US PMIs today could break the 1.3243 consolidation
H1 close above 1.32729 reopens the recovery toward 1.3305
Failure to hold 1.3217 risks a retest of the 1.31629 weekly low
GBPUSD opened the week near 1.3425 and slid hard through to 1.3163 as the hawkish-Fed USD bid dominated, with the steepest leg in the NY session. Price has since carved a recovery range between 1.3163 and the 1.3245 range top, basing on higher lows and now pressing the upper edge near 1.3243. RSI(14) sits mid-zone around 53 with price hugging EMA(20).
Support: 1.3185, 1.3163
Resistance: 1.3245, 1.3273
What it said to watch
UK Services PMI at 08:30 UTC and US PMIs at 13:45 UTC can break the range either way
H1 close above 1.3245 range top opens the path to 1.3273 prior high
Failure to hold the 1.3185 swing low reopens the 1.3163 week low
02:01 UTC
Downtrend, recovering off lows · RSI 54 · price 1.32436
Range below 1.3245 after basing at 1.3163.
GBPUSD slid hard mid-week to a 1.3163 floor as the hawkish Fed lifted the dollar, then recovered through the NY session to base above EMA(20). Price is consolidating just under the 1.3245 range top into Asia hours, with twin lows near 1.3163–1.3170 forming a double bottom. The 1.3170–1.3245 range flagged in the macro read remains intact.
Support: 1.3194, 1.3170, 1.3163
Resistance: 1.3245, 1.3273, 1.3305
What it said to watch
H1 close above 1.3273 opens the path toward 1.3305
Failure to hold 1.3170 confirms a lower-low and reopens the 1.3163 week low
UK PMIs (08:30 UTC) and US flash PMIs (13:45 UTC) could materially shift this read
GBPUSD sold off hard from 1.3435 to the 1.3163 week low through Thursday, then recovered into Monday's session as Sterling shrugged off the Starmer exit and firmer UK data. Price has since consolidated just under the 1.3245 range top with RSI(14) cycling mid-range and holding above EMA20. The 1.3273 week-recovery high caps the upside while 1.3170–1.3163 marks the range floor.
Support: 1.3192, 1.3170, 1.3163
Resistance: 1.3245, 1.3273
What it said to watch
H1 close above 1.3245 range top opens the 1.3273 week high
Failure to hold 1.3170 range floor exposes the 1.3163 april low
UK PMIs 08:30 UTC and US flash PMIs 13:45 UTC could materially shift this read
01:01 UTC
Downtrend, recovery from lows · RSI 54 · price 1.32455
Lower highs into 1.3163, basing this week.
GBPUSD slid roughly 1.25% through the week from 1.343 toward the 1.3163 April low as a hawkish Fed kept DXY pinned near 13-month highs. Demand stepped in twice around 1.3163 and price has since recovered to consolidate near 1.3245, holding above EMA(20) with RSI(14) back near the midline. The 1.3273 session high capped the bounce and the move is now coiling under it.
Support: 1.3216, 1.3163
Resistance: 1.3273, 1.3305
What it said to watch
UK PMIs 08:30 UTC could break the consolidation in either direction
H1 close below 1.3216 reopens the 1.3163 April low
Close above 1.3273 puts the 1.3305 cap back in focus
01:01 UTC
Downtrend stabilising, recovery into range · RSI 52 · price 1.32455
Consolidation above April low after weekly decline.
GBPUSD fell roughly 1.25% this week to the 1.3163 April low as the hawkish-Fed repricing anchored DXY near 13-month highs, despite firm UK jobs and retail data. Since the gap-reopen, price has carved higher lows off 1.3183 and pushed back to a 1.3273 session high before settling into a tight overnight range around 1.3245. Price sits back above EMA20 with RSI(14) hovering near 52, reflecting the corrective bounce rather than fresh trend.
Support: 1.3185, 1.3163
Resistance: 1.3273, 1.3305
What it said to watch
08:30 UTC UK PMIs (Services f/c 50) — sub-50 services is the bearish trigger toward 1.3163
H1 close above 1.3273 opens the path to the 1.3305 cap
Loss of 1.3185 reopens the April low at 1.3163
US flash PMIs 13:45 UTC could shift the USD-driven read
00:01 UTC
Downtrend, momentum easing into a base · RSI 54 · price 1.32489
Week-long lower highs, recovery off the April low.
GBP/USD fell about 1.25% from Monday's 1.343 open to the April low at 1.3163 by Friday, with the BoE's 7-2 hold and firm UK data overwhelmed by a hawkish-Fed dollar bid. Price gapped lower at this week's open then recovered through the NY session to a 1.3273 wk high before stalling, now basing near 1.3249 above a recovering EMA(20). The bounce has retraced roughly a third of the weekly drop and RSI(14) has lifted back toward the mid-50s as the down-move loses momentum.
Support: 1.3208, 1.3185, 1.3163
Resistance: 1.3273, 1.3305
What it said to watch
UK flash PMIs 08:30 UTC (Services f/c 50) and US PMIs 13:45 UTC are the nearest catalysts and could reset this read
A break of 1.3163 week low confirms a fresh lower-low and extends the down-move
H1 close above 1.3273 wk high would break the week's lower-high sequence and challenge the 1.3305 cap
00:01 UTC
Downtrend, recovering off lows · RSI 58 · price 1.32489
Basing after weekly selloff, higher lows.
GBPUSD shed roughly a big-figure across the week as a hawkish Fed anchored DXY near 13-month highs, despite firm UK data. Price gapped lower into the new week but found demand near 1.3163 and 1.3185, recovering through the NY session to print a 1.3273 week high before easing back to 1.3249, now holding above both EMA20 and EMA50. RSI(14) has lifted to the high-50s as the rounded base built higher lows off the April low.
Support: 1.3185, 1.3163
Resistance: 1.3273, 1.3305
What it said to watch
08:30 UTC UK PMIs (Services f/c 50) could materially shift this read
H1 close above 1.3273 week high opens the path to the 1.3305 range cap
Failure to hold 1.3185 recent low reopens the 1.3163 april low