Cable bounced off the 1.3140 seven-month low and pushed to 1.3219 through Wednesday's NY session as USD longs were trimmed into US PCE and Sterling firmed on market-friendly UK political headlines. Price has since stalled below the 1.3200 pivot, consolidating near 1.3195 with RSI(14) back at neutral, holding the first higher low at Wednesday's 1.3155. The week-high at 1.3273 remains the dominant cap overhead.
Support: 1.3155, 1.3140
Resistance: 1.3200, 1.3219, 1.3273
What it said to watch
H1 close above the 1.3200 pivot opens the path toward 1.3245/1.3265
Failure to hold 1.3140 confirms a lower low, exposing 1.3110
UK Q1 GDP Tue 06:00 UTC could materially shift this read
23:01 UTC
Downtrend, recovery off lows · RSI 51 · price 1.31946
Bounce from 7-month low, capped under pivot.
Cable carved a double bottom near the 1.3140 7-month low midweek before pushing back toward the 1.3200 pivot as USD longs were trimmed into the US PCE print. The rebound stalled at the 1.3218 wk high and price has since slid back under 1.3200, with rejection at that pivot keeping the recovery contained. Price sits just above EMA20 with RSI(14) hovering near 50, the swing low at 1.3155 the first floor on any fade.
Support: 1.3155, 1.3140
Resistance: 1.3200, 1.3218
What it said to watch
H1 close back above 1.3200 pivot reopens the 1.3218 wk high
Loss of 1.3155 swing low exposes the 1.3140 7-month low again
Michigan sentiment and Fed Williams/Kashkari Fri ~14:00 UTC could shift this read
Based at 1.3140, lower-highs into the 1.3200 pivot.
Cable carved a base around 1.3140 mid-week and recovered toward the 1.3200 pivot into yesterday's NY session as the dollar softened post-PCE and Sterling popped on the market-friendly Burnham succession. The 1.3200 area rejected the advance and price has eased back to 1.3195, now tracking EMA(20) with RSI(14) hovering near 50. The 1.3140 seven-month low remains the structural floor while the rebound stays capped under 1.3200.
Support: 1.3155, 1.3140, 1.3110
Resistance: 1.3200, 1.3219, 1.3265
What it said to watch
H1 close above 1.3200 invalidates the rejection read and opens 1.3245/1.3265
Failure to hold 1.3140 confirms a lower-low toward 1.3110
UoM Michigan sentiment Fri 14:00 UTC could materially shift this read
Cable based at the 7-month low near 1.3140 and rallied into the NY session, reclaiming EMA20 and EMA50 and stretching to 1.32186 before sellers capped it at the 1.3200 pivot. The recovery tracked a softer dollar after the cooler US PCE print, with the earlier slide driven by this week's across-the-board UK PMI misses. Price now sits at 1.3195 just under the pivot, RSI(14) hovering near 50 as the bounce loses thrust.
Support: 1.3187, 1.3155, 1.3140
Resistance: 1.3200, 1.3219
What it said to watch
H1 close above 1.3200 pivot opens the path to 1.3219 then the 1.3245 zone
Failure to hold 1.3155 swing low re-exposes the 1.3140 week low
US Michigan sentiment + inflation expectations Fri 14:00 UTC could shift this read
Cable trended lower all week from Monday's ~1.3273 open on UK political shock and contractionary June PMIs against a hawkish-Fed dollar, basing near 1.3140 — fresh 7-month lows. A bounce through the NY session reclaimed the EMA20 and tagged 1.3219, near the 38.2% retrace of the weekly down-leg, before stalling and easing back to 1.3190. RSI(14) is cycling around 50 as the correction loses momentum.
Support: 1.3155, 1.3140
Resistance: 1.3219, 1.3245
What it said to watch
H1 close above 1.3219 bounce high opens the path to the 1.3245 prior-high band
Failure to hold 1.3155 swing low reopens the 1.3140 week low
UK Q1 GDP Tue 06:00 UTC and Fed-speak could materially shift this read
21:01 UTC
Downtrend, bounce off lows · RSI 49 · price 1.3190
Lower highs into 1.3140 base, corrective recovery.
Cable trended lower all week from Monday's open, peaking at 1.3273 Tuesday before UK political shock and soft June PMIs drove it to fresh near-term lows around 1.3140 by Wednesday/Thursday. Two prints into 1.3140 held and price bounced into the NY session yesterday to 1.3220 as USD longs were trimmed around an in-line US PCE, but the rebound has since faded back to 1.319 with RSI(14) cycling around the midline. Price is hovering on EMA(20) after the corrective leg.
Support: 1.3140, 1.3155
Resistance: 1.3220, 1.3245, 1.3273
What it said to watch
Hourly close back below 1.3140 reopens the prior 7-month low extension
Reclaim of 1.3220 ny high needed to challenge the 1.3245 supply band
UK Q1 GDP Tue 06:00 UTC is the next material driver for this read
Cable trended lower all week from Monday's ~1.3233 open, accelerating on the Tuesday PMI misses and a hawkish-Fed dollar to bottom at 1.3140. The late-week recovery — traders trimming USD longs into PCE plus UK political relief — has lifted price back to ~1.3200, where it now sits above EMA(20) with RSI(14) recovered off oversold. The 1.32189 recent high capped the latest NY push.
Support: 1.3151, 1.31399
Resistance: 1.32189, 1.3235
What it said to watch
H1 close above 1.32189 recent high opens the path toward the 1.3235 resist band
Failure to hold the 1.3140 week low confirms a fresh lower-low, exposing 1.3110
US Michigan inflation expectations Fri 14:00 UTC could materially shift this read
Cable trended lower all week toward 7-month lows at 1.3140 on soft UK PMIs and a hawkish-Fed dollar, but bounced into the NY session as USD longs were trimmed ahead of US PCE. Price reclaimed EMA20 with RSI(14) cycling back near 54, and twin lows at 1.3140/1.3151 mark a tentative double-bottom base. The 1.3219 bounce high capped the latest push and now defines near-term range top.
Support: 1.3151, 1.3140, 1.3110
Resistance: 1.3219, 1.3245
What it said to watch
UK Q1 GDP Tue 06:00 UTC could materially shift this read
US Michigan inflation expectations Fri 14:00 UTC a USD risk
Hourly close above 1.3219 opens the 1.3245 band
Loss of 1.3151/1.3140 reopens the downtrend toward 1.3110
Lower highs into base near 1.3140, recovering off lows.
GBPUSD bounced off the seven-month low near 1.3140 to retest 1.3200 as USD longs were trimmed around the in-line US PCE print. The week's downtrend was driven by UK political turmoil and soft June PMIs, but the lows at 1.3140/1.3151 have held twice, forming a base. Price has reclaimed EMA(20) with RSI(14) recovering to the high-50s; the 1.3219 bounce high is the immediate cap.
Support: 1.3151, 1.3140
Resistance: 1.3219, 1.3245, 1.3265
What it said to watch
Fed-speak (Williams ~19:40 UTC, Goolsbee ~22:30 UTC) could materially shift the USD side of this read
Close above the 1.3245/1.3265 cap zone would extend the relief bounce
Lower highs into 7-month low, higher lows forming.
The week opened near 1.3233 and sold off through Monday's UK political shock and soft June PMIs to a 7-month low at 1.3140. A relief bounce off that base lifted price back to the 1.3200 psych level after a broadly in-line US Core PCE removed fresh USD fuel; the pair has reclaimed EMA20 and EMA50 but the 1.3200 cap is holding the rebound for now.
Support: 1.3151, 1.3140
Resistance: 1.3200, 1.3219, 1.3245
What it said to watch
H1 close above 1.3245 resist zone would extend the relief bounce per context
Failure to hold 1.3151 swing low reopens the 1.3140 7-month low
Fed-speak (Williams, Goolsbee) later today could shift the USD read
Double-bottom base off 7-mo low, higher lows forming.
GBPUSD slid to seven-month lows near 1.3140 through the week on UK political turmoil and soft flash PMIs, with demand stepping in twice at that level to form a base. The NY session recovery lifted price back above 1.3200 as USD longs were trimmed around the in-line US PCE print; price now sits above EMA(20) and EMA(50) for the first time since the slide. The 1.3245/1.3265 zone flagged as a cap remains untested overhead.
Support: 1.3200, 1.3155, 1.3140
Resistance: 1.3219, 1.3245, 1.3273
What it said to watch
Hourly close above 1.3245 cap zone would extend the recovery toward 1.3273 week high
Failure to hold 1.3155 reopens the 1.3140 seven-month low
Fed speakers (Williams, Goolsbee) later today could materially shift the USD leg of this read
Lower highs into a base, recovering off seven-month lows.
GBP/USD bounced off the seven-month low near 1.3140 to reclaim 1.3200 as in-line US Core PCE prompted some trimming of dollar longs into the NY session. Price has pushed back above EMA20 with RSI(14) cycling up toward 59, but the move stalls at the 50% retrace of this week's 1.3273-1.3140 decline. The 1.32186 session high and the 1.3245 cap zone overhead remain the structural ceiling on the bounce.
Support: 1.3155, 1.3140
Resistance: 1.32186, 1.3234, 1.3245
What it said to watch
Fed's Williams (19:40 UTC) and Goolsbee could shift USD and this read
Sustained move above 1.32340 would challenge the week's lower-high sequence
Failure to hold 1.31550 reopens the 1.3140 seven-month low
GBPUSD spent the week grinding lower to a seven-month low near 1.3140 on UK political shock and soft June PMIs against a firm dollar. Into the NY session a relief bounce off 1.3151 ran through the 1.3200 psych level — coinciding with USD long-trimming around in-line US core PCE — pushing RSI(14) back above 60. The session high at 1.3219 is the immediate cap, with the 1.3245 zone above flagged as a recovery limit.
Support: 1.3200, 1.3151, 1.3140
Resistance: 1.3219, 1.3245
What it said to watch
Hourly close above 1.3219 opens the path to the 1.3245 cap zone
Failure to hold 1.3200 psych risks a return toward 1.3151 then the 1.3140 seven-month low
Fedspeak today (Williams, Goolsbee) could materially shift this read
GBPUSD recovered from seven-month lows near 1.3140 through the NY session, reclaiming 1.3200 as USD longs were trimmed into in-line US Core PCE. RSI(14) has lifted toward 63 and price now sits back above both EMA20 and EMA50 after holding the 1.3155 swing low. The 1.3219 session high and 1.3245 rebound cap mark the immediate ceiling on this bounce.
Support: 1.3155, 1.3140
Resistance: 1.3219, 1.3245
What it said to watch
Fedspeak (Williams, Goolsbee) later today could shift the USD leg of this read
Failure to hold above the 1.3155 swing low reopens the 1.3140 seven-month low
Close above the 1.3245 rebound cap extends the relief bounce
GBPUSD bounced off the 1.3140 week low after US Core PCE landed in line, trimming USD longs into the NY session, and has just reclaimed the 1.3200 psych level. Price is back above EMA20 (~1.3184) with RSI recovering toward 60 after a stretch near oversold during the slide to fresh lows. The 1.3245–1.3265 rebound zone and the 1.32475 prior high remain the structural caps on this week's downtrend.
Support: 1.3184, 1.3155, 1.31399
Resistance: 1.32475
What it said to watch
Fed's Williams/Goolsbee remarks later today could materially shift the USD read
Hourly close back below 1.3155 swing low reopens the 1.31399 week low
Failure to hold above 1.3200 keeps the bounce inside the prior range
GBPUSD spent the week grinding lower to a seven-month low near 1.3140 on UK political shock and soft June flash PMIs, with dovish BoE versus hawkish Fed pricing keeping the pair heavy. The NY session brought a relief bounce as USD longs were trimmed into an in-line US Core PCE print, reclaiming the 1.3200 psych level off a double-bottom base near 1.3140/1.3155. Price now sits above EMA20 with RSI back near 60, but the move stalls into the 1.3245 rebound-cap zone flagged this week.
Support: 1.3200, 1.3155, 1.3140
Resistance: 1.3219, 1.3245
What it said to watch
Loss of 1.3200 reopens the 1.3140 seven-month low
Rejection at the 1.3245 rebound cap would fade the bounce; a close above shifts the read
Fed's Williams/Goolsbee speeches later today could materially move USD
15:01 UTC
Downtrend, basing near lows · RSI 53 · price 1.31906
Lower highs into week low, bounce forming.
Cable trended lower all week off Monday's 1.3273 area into 1.31415, driven by soft UK PMIs and a firmer USD. Price bounced off the lows toward 1.3200 as US core PCE landed in line, softening the dollar's hawkish edge; the second low at 1.3151 held above the week low, hinting at a base. Price now sits back above the H1 EMA(20), with RSI(14) recovering off oversold near 53.
Support: 1.3155, 1.31415, 1.3110
Resistance: 1.3200, 1.32265
What it said to watch
H1 close above 1.3200 psych would challenge the week's downtrend structure
Failure to hold 1.3155/1.31415 confirms a lower low toward 1.3110 downside
Fed's Williams (19:40 UTC) Fedspeak could shift the USD read into the next bars
Fresh week lows, attempting recovery off double bottom.
Cable trended lower all week — from the 1.3273 high into fresh lows near 1.3140 — driven by Tuesday's UK PMI misses and a firmer dollar. Price has since carved a double bottom around 1.3140/1.3151 and is bouncing toward 1.3200 as USD longs trimmed into an in-line US core PCE print, with RSI(14) recovering back above 50. The 1.3200 round number now caps the rebound, having reclaimed both H1 EMAs.
Support: 1.3140, 1.3151
Resistance: 1.3200, 1.3247, 1.3273
What it said to watch
H1 close above 1.3200 opens the path back to the 1.3247 prior high
Failure to hold 1.3140 confirms a fresh lower low
Fed's Williams (19:40 UTC) Fedspeak could shift the USD leg of this read
14:01 UTC
Downtrend, bouncing off lows · RSI 47 · price 1.3176
Lower highs into week low, recovery underway.
Cable spent the week grinding lower, sliding from Monday's 1.3273 toward a fresh seven-month low at 1.3140 on a firm USD into the US PCE print. Buyers stepped in twice around 1.3140 and price has reclaimed EMA(20), bouncing to 1.3196 before easing back to 1.3176 as the in-line core PCE removed fresh upside USD fuel. RSI(14) lifting off oversold, but the H1 sequence of lower highs and EMA(50) overhead keeps the structure heavy.
Support: 1.3151, 1.3140, 1.3110
Resistance: 1.3196, 1.3245
What it said to watch
H1 close above 1.3196 then the 1.3245 week ceiling would challenge the lower-high structure
Break of 1.3140 week low opens 1.3110
Fed's Williams/Goolsbee speakers tonight could re-accelerate the USD leg
14:01 UTC
Downtrend, basing after bounce · RSI 50 · price 1.3176
Lower highs into 1.3140 base, holding above week low.
Cable has trended lower all week, sliding from Tuesday's 1.3272 high into a seven-month low at 1.3140 on a firm USD. An in-line US Core PCE removed the upside dollar surprise, and price has based 1.3140–1.3200, recovering to 1.3176 with RSI(14) cycling back toward 50. Lower highs still cap the structure while the 1.3140 floor holds.
Support: 1.3151, 1.3140
Resistance: 1.3200, 1.3245
What it said to watch
Failure to hold 1.3140 confirms a fresh lower-low toward 1.3110
H1 close above 1.3200 then 1.3245 would break the week's lower-high sequence
Fed speakers (Williams/Goolsbee) tonight could re-accelerate the USD leg
13:01 UTC
Downtrend, near 7-month lows · RSI 44 · price 1.31551
Lower highs, retesting weekly low.
Cable has trended lower all week, sliding from Tuesday's 1.3273 high to a 1.3140 weekly low as soft UK flash PMIs reinforced the no-growth story against a firm dollar. Price sits below both EMA(20) and EMA(50); today's US PCE print at 12:30 UTC capped a bounce at 1.3197 and dragged the pair back toward the lows. RSI(14) is mid-40s — no bullish divergence on the latest leg down.
Support: 1.31399, 1.3110
Resistance: 1.31973, 1.32245, 1.3245
What it said to watch
Sustained break below 1.3140 weekly low opens 1.3110 then the 1.30 area
Reclaim and hold above 1.3197 session high needed to ease downside pressure
Fed speakers Williams (19:40 UTC) and Goolsbee (22:30 UTC) could shift the dollar read
13:01 UTC
Downtrend, fresh leg lower · RSI 39 · price 1.31551
Lower highs and lower lows since midweek.
Cable has been grinding lower since midweek, peeling off the 1.3273 high toward the seven-month-low region near 1.3140 with price pinned under EMA20 and EMA50. A relief bounce stalled at today's high of 1.3197 and the last bars rolled back to 1.3155 as the dollar stayed firm around the US PCE print. Rejection from sub-1.3200 keeps the lower-high sequence intact.
Support: 1.3140, 1.3110
Resistance: 1.3197, 1.3245
What it said to watch
Hourly close above 1.3197 today high would break the lower-high sequence
Loss of 1.3140 7mo low opens 1.3110 next support
Fed speakers Williams (19:40 UTC) and Goolsbee (22:30 UTC) could shift this read
Cable has trended lower all week, sliding from Monday's ~1.3229 area to a 1.3140 swing low as weak UK June PMIs and a hawkish-Fed USD bid weighed through the NY sessions. Wednesday's bounce stalled at 1.3197 and price now sits back below EMA20/EMA50 with RSI cycling in the lower half. US Core PCE at 12:30 GMT is the immediate catalyst into this read.
Support: 1.3160, 1.3140, 1.3110
Resistance: 1.3197, 1.3245
What it said to watch
US Core PCE today is the dominant near-term driver
Sustained break of 1.3160 support reopens 1.3140 swing low then the 1.3110 downside obj
H1 close above 1.3197 recent high challenges the 1.3245 range cap
Cable has trended lower all week off the 1.32729 high, with the soft June PMIs and UK political risk keeping Sterling capped well below the 1.3245 weekly cap. Price flushed to a 1.31399 weekly low before an oversold bounce ran out near 1.31965 session high and faded back to the 1.3160 support. RSI(14) sits in the mid-40s, consistent with a corrective bounce inside the dominant downtrend rather than a turn.
Support: 1.3160, 1.31399, 1.3130
Resistance: 1.31965, 1.3245, 1.32729
What it said to watch
US Core PCE at 12:30 GMT is the immediate driver for the USD leg
Sustained H1 close below 1.3160 support opens 1.3130 then the 1.3110 area
Reclaim of 1.31965 session high needed to challenge the 1.3245 weekly cap
11:01 UTC
Downtrend, bounce off lows · RSI 56 · price 1.3182
Lower highs since Monday, double bottom forming at 1.3140.
Cable sold off from this week's 1.3273 high through soft UK PMIs and Starmer-resignation political risk, twice basing near 1.3140 before recovering to 1.3182 — a double bottom with bullish RSI divergence into the bounce. Price has reclaimed EMA(20) but sits below EMA(50), stalling at the 1.3200 round number as the 38.2% retrace of the week's downmove. US Core PCE at 12:30 GMT is the immediate driver for the next leg.
Support: 1.3140, 1.3110
Resistance: 1.3200, 1.3245, 1.3273
What it said to watch
US Core PCE at 12:30 GMT could materially shift this read
Failure to hold 1.3140 confirms a lower low and opens 1.3110
H1 close above 1.3245 rebound cap negates the lower-high sequence
11:01 UTC
Downtrend, recovery off the lows · RSI 53 · price 1.3182
Lower highs into week low 1.3140, now basing.
Cable bled lower from Monday's ~1.3273 area to the 1.3140 week low as UK June PMIs missed across the board and a firmer USD pressed broadly. Price has since recovered into NY hours, reclaiming EMA(20) with RSI(14) lifting off oversold toward 53. The 1.3245-65 zone has capped prior rebound attempts and remains the overhead structure to monitor.
Support: 1.3155, 1.3140, 1.3110
Resistance: 1.3197, 1.3245, 1.3265
What it said to watch
US Core PCE at 12:30 GMT is the immediate USD catalyst and could materially shift this read
Loss of 1.3140 week low opens the 1.3110 downside magnet
H1 close above 1.3197 then 1.3245 would break the week's lower-high structure
10:01 UTC
Downtrend, bounce off lows · RSI 56 · price 1.31901
Lower highs into a base around 1.3140.
Cable has trended lower since Monday's ~1.3234 open, accelerating into Wednesday's slide to 1.3140 as soft UK flash PMIs and a dovish BoE met a firm USD. Price has based twice near 1.3140 and clawed back above the EMA(20) into the NY session, with RSI(14) recovering off oversold to mid-50s. The bounce remains within the broader weekly downtrend and prior support at 1.3220 now caps overhead.
Support: 1.3160, 1.3140, 1.3110
Resistance: 1.3220, 1.3250
What it said to watch
US Core PCE today (12:30 GMT) is the dominant cable driver this session
H1 close below 1.3160 reopens the 1.3140 base and 1.3110 below
Reclaim of 1.3220 would challenge the week's range top at 1.3250
Cable trended lower through midweek, sliding into a 1.3140 swing low where buyers stepped in twice to form a double bottom. The recovery has carried price back above the H1 EMA(20) to ~1.3190, with RSI(14) lifting off oversold toward the mid-50s. US Core PCE today is the dominant driver — a soft print favours short-cover extension toward 1.3235/1.3250 resistance, a hot one re-pressures the 1.3160 support.
Support: 1.3160, 1.3140
Resistance: 1.3197, 1.3235, 1.3250
What it said to watch
US Core PCE today could materially shift this read
Failure to hold 1.3160 reopens the 1.3140 swing low and the path toward 1.3110
H1 close above 1.3197 session high extends the bounce toward 1.3235
Cable spent the week grinding lower under a string of lower highs, basing twice near 1.3140 (week low) before a corrective bounce off the dovish-BoE/USD-exceptionalism theme. Price reclaimed EMA(20) into the Asia session and is pressing the 1.3200 psych area while still capped below EMA(50); the move reads as relief inside an established downtrend rather than a turn. US Core PCE later today is the immediate driver.
Support: 1.3160, 1.3140
Resistance: 1.3200, 1.3235
What it said to watch
US Core PCE today 12:30 GMT could materially shift this read
Hourly close back below 1.3160 support re-exposes the 1.3140 week low
Sustained move above 1.3235 cap would break the week's lower-high sequence
Cable has been carving lower highs and lower lows since Monday, with the dominant leg down driven through the NY session two days ago as USD exceptionalism and soft UK PMIs weighed. Price bottomed at 1.3148 and has staged a corrective bounce back above EMA(20), with RSI(14) lifting off oversold into the mid-50s — a relief move rather than a structural turn. The 1.3188/1.3209 zone is the immediate cap; the week low at 1.3148 remains the key floor.
Support: 1.31483, 1.31399
Resistance: 1.3188, 1.32089, 1.32475
What it said to watch
US Core PCE today 12:30 GMT is the immediate driver — could materially shift this read
H1 close below 1.3148 confirms continuation of the lower-low sequence toward 1.3110
Close above 1.3209 would break the lower-high structure and ease the downtrend read
Cable extended its week-long decline into the NY session, pressing a fresh low near 1.314 on broad USD strength and sub-50 UK PMIs before buyers stabilised the base. The bounce into Asia has stalled below 1.3185 with price holding the EMA(20) but capped under the EMA(50); RSI(14) has lifted off oversold to mid-range. The 1.3160 pivot is the immediate hinge after the recovery off the week low.
Support: 1.3160, 1.3140, 1.3110
Resistance: 1.3185, 1.3207, 1.3235
What it said to watch
US Core PCE 12:30 UTC is the dominant near-term driver and can shift this read sharply
H1 close back below 1.3160 reopens the 1.314 week low then the 1.3110 psych area
Close above 1.3185 bounce high targets the 1.3207 fib 50% and 1.3235 resistance
08:01 UTC
Downtrend, attempting to stabilise · RSI 50 · price 1.31736
Lower highs into week low, basing above 1.3140.
Cable trended lower all week, sliding from the 1.3273 high into a 1.3140 week low during the NY session as a firmer USD on hawkish-Fed repricing and soft UK PMIs weighed on Sterling. Price has since reclaimed EMA(20) and squeezed back toward 1.3185 before fading into the latest close, with RSI(14) recovering from oversold to mid-range. The broader structure of lower highs remains intact below EMA(50).
Support: 1.3140, 1.3110
Resistance: 1.3185, 1.3235, 1.3273
What it said to watch
US Core PCE Thursday 12:30 UTC is the sole near-term driver and could materially shift this read
Loss of 1.3140 week low opens the path toward 1.3110
H1 close above 1.3185 bounce high exposes the 1.3235 cap
Cable trended lower from Monday's 1.3273 high through Wednesday's NY session, bottoming near 1.3140 as soft UK PMIs and a one-year-high Dollar weighed. Since then price has based above 1.3160 and recovered to retest the 1.3185 session high, with RSI(14) lifting back toward 53 off oversold. The weekly drop has only retraced shallowly, and price sits below EMA50 while holding above EMA20.
Support: 1.3160, 1.3140
Resistance: 1.3185, 1.3235
What it said to watch
H1 close below 1.3140 confirms a fresh lower low, opening 1.3110
Reclaim of 1.3185 opens the path toward the 1.3235 range cap
US Core PCE at 12:30 UTC could materially shift this read
Cable has been the week's underperformer, sliding from 1.3273 to a 1.3140 low after the soft UK flash PMIs and broad USD strength. Price has since carved a base around 1.3140-1.3148 and recovered above EMA(20) into the 1.318 area, with RSI(14) cycling back to mid-50s. Resistance at 1.3185 has capped the bounce so far; the descending intraweek structure stays intact below 1.3235.
Support: 1.3160, 1.31399
Resistance: 1.3185, 1.3235
What it said to watch
US Core PCE at 12:30 UTC today is the key catalyst and could materially shift this read
Sustained break below 1.3160 then 1.3140 reopens the downside path
H1 close above 1.3185 would extend the recovery toward 1.3235
06:01 UTC
Downtrend, bouncing off lows · RSI 55 · price 1.31826
Lower highs into a base near 1.3140.
Cable carved a clean sequence of lower highs from this week's 1.3272 peak down to a 1.3140 swing low, pressured by the Starmer resignation, the run of UK PMI misses and a hawkish-USD bid. Price has since based above 1.3140 and ticked back through EMR(20) toward 1.3183, an early short-covering bounce after oversold conditions. RSI(14) has lifted off its lows but the broader weekly drop is intact below the 1.3200 round number.
Support: 1.3160, 1.31399
Resistance: 1.3200, 1.3235
What it said to watch
US PCE at 12:30 UTC is the dominant near-term catalyst for cable
H1 close above 1.3200 would challenge the week's sequence of lower highs; 1.3235 caps above
Failure to hold the 1.3160 pivot re-exposes the 1.31399 swing low
06:01 UTC
Downtrend, bouncing off lows · RSI 57 · price 1.31826
Lower highs into week low, early recovery.
Cable slid through the back half of the week, basing twice around 1.3140 — the PMI-miss and political-risk story keeping GBP a mid/under-performer against a hawkish USD. Price has since clawed back through the NY-Asia transition, reclaiming EMA(20) with RSI(14) recovering off oversold. The 1.3185 session high and 1.3200 round number now cap the rebound, with EMA(50) overhead still untested.
Support: 1.3155, 1.31399, 1.3110
Resistance: 1.3185, 1.3200, 1.3235
What it said to watch
H1 close above 1.3200 opens the path to the 1.3235 cap
Failure to hold 1.3155 reopens the 1.3140 week low
US PCE Thursday is the near-term USD catalyst for cable direction
Cable slid from Monday's 1.3273 high to a 1.3140 low into yesterday's NY session, pressured by sub-50 UK PMIs and a broadly firm USD pushing DXY to one-year highs. Price has since recovered to retest the 1.3160 pivot from above, with RSI(14) lifting off oversold and back over EMA20. Upside still sits under EMA50 and the descending lower-highs from the week's high.
Support: 1.3160, 1.31399
Resistance: 1.3200, 1.32089, 1.3235
What it said to watch
An H1 close back below 1.3160 reopens the 1.31399 low and confirms downside continuation
A close above 1.3200 then 1.3235 would break the week's lower-high sequence
US PCE Thursday 12:30 UTC could materially shift this USD-driven read
05:01 UTC
Downtrend, bounce off lows · RSI 53 · price 1.31817
Lower highs into a base near 1.3140.
Cable trended lower through the week as UK PMI misses and a one-year-high USD pressed sterling down to 1.3140 during Wednesday's session. Buyers stepped in twice around 1.3140 and price has recovered into the NY-Asia transition to reclaim EMA(20), with RSI(14) lifting off oversold. The 1.3200/1.3203 swing region now caps the bounce, while EMA(50) overhead keeps the broader slope down.
Support: 1.3160, 1.31399
Resistance: 1.32028, 1.3235
What it said to watch
US PCE Thursday 12:30 UTC is the dominant catalyst and could materially shift this read
H1 close above 1.32028 would break the lower-high sequence
Failure to hold 1.31600 pivot reopens the 1.31399 week low
04:01 UTC
Downtrend, bounce off lows · RSI 53 · price 1.31784
Lower highs into a base at 1.3140.
Cable trended lower through the week, sliding from the 1.3270 area into a base at the 1.3140 week low as USD strength dominated on the hawkish-Fed repricing. Twin lows around 1.3140 have since held and price has reclaimed the EMA20 near 1.3166, with RSI(14) recovering back toward the midline. The 1.3200 round number caps the bounce so far, with the descending wk resist at 1.3235 the firmer ceiling.
Support: 1.3166, 1.3140, 1.3110
Resistance: 1.3200, 1.3235
What it said to watch
H1 close below 1.3140 confirms a lower low, opening 1.3110
Close above 1.3200 exposes the 1.3235 wk resist
US PCE Thursday is the key cable driver and could shift this read
Cable trended lower from midweek, sliding from ~1.3273 to a 1.314 week low as USD exceptionalism pushed DXY to one-year highs and soft UK PMIs weighed on sterling. The pair has since based above 1.3160, twice rejecting the 1.314 area, and the recent bounce into the NY session reclaimed EMA(20) with RSI recovering off oversold. The 1.31825 session high caps the move so far, with US Core PCE Thursday the next driver for the USD leg.
Support: 1.3160, 1.31399
Resistance: 1.31825, 1.3192, 1.3235
What it said to watch
Hourly close back below 1.3160 pivot re-exposes the 1.31399 week low
Close above 1.3192 then 1.3235 wk resist would break the lower-high sequence
US Core PCE Thursday 12:30 UTC could materially shift this read
03:01 UTC
Downtrend, basing near lows · RSI 48 · price 1.31694
Cable trended lower all week, rolling over from Monday's ~1.3273 high into a sharp midweek NY-session selloff to 1.3140 as the USD pushed to one-year highs and UK services PMI missed at 48.7. Price has since flattened into a tight consolidation just above the 1.3160 pivot, with RSI(14) recovering off the lows but still capped below 50. Both EMAs sit overhead after the decline.
Support: 1.3160, 1.3140, 1.3110
Resistance: 1.3182, 1.3200, 1.3235
What it said to watch
H1 close below 1.3140 confirms a lower-low, opening 1.3110 then little before 1.30
Reclaim of the 1.3200 weekly open needed to shift the consolidation read
US PCE Thursday 12:30 UTC is the near-term catalyst and could materially shift this read
Cable has trended lower since Monday's open, with the dominant leg down printed through the NY session as USD strength pushed DXY to one-year highs on hawkish-Fed repricing. Sellers drove price into 1.3140 week lows before demand stepped in twice around that zone; the last bar's bounce to 1.31825 is the first real recovery attempt. Price is hugging EMA(20) but holds below EMA(50), keeping the broader structure heavy.
Support: 1.31399, 1.3110
Resistance: 1.31825, 1.3200, 1.3235
What it said to watch
H1 close below 1.3140 confirms a lower-low, opening 1.3110 then the empty zone toward 1.30
Reclaim of 1.31825/1.3200 needed to challenge the descending lower-highs
US Core PCE Thursday is the near-term cable driver and could materially shift this read
Cable has trended lower since Tuesday's 1.3272 high, pressured by weak UK PMIs and a 13-month-high dollar. The NY session yesterday drove the break to the 1.3140 week low, since which price has consolidated in a tight 1.3155-1.3179 band into the Asian session. Price is hugging EMA20 near 1.3162 while EMA50 caps overhead around 1.3185.
Support: 1.3140, 1.3110
Resistance: 1.3179, 1.3185, 1.3235
What it said to watch
US PCE at 12:30 UTC is the dominant cable driver today and can shift this read
H1 close below 1.3140 confirms a lower-low and opens 1.3110
Reclaim of 1.3185 ema50 needed to ease the downside structure
Cable has trended lower since Tuesday's 1.3272 peak, pressured by the UK PMI miss (Services 48.7) and a 13-month-high USD, marking a 1.3140 week low before steadying near 1.3160. Price sits below EMA20 and EMA50 with RSI cycling in the low 40s, and the late session has compressed into a tight range above the week low. Lower highs through the week remain intact.
Support: 1.3140, 1.3110
Resistance: 1.3170, 1.3235, 1.3265
What it said to watch
US Core PCE at 12:30 UTC is the dominant cable driver — soft print risks a squeeze toward 1.3235
H1 close below 1.3140 confirms a lower low and opens 1.3110
Reclaim of 1.3235 needed to challenge the week's lower-high structure
Cable broke below 1.3200 and slid into the 1.3150-1.3160 zone through the NY session as broad USD strength met weak UK PMIs and political risk. Price is now consolidating in a tight range just above the 1.3140 swing low, with RSI(14) flattening around 43 after the leg lower. The pair trades below both EMA(20) and EMA(50), with 1.3160 the pivot it is balancing on.
Support: 1.3160, 1.3140, 1.3110
Resistance: 1.3170, 1.3200, 1.3232
What it said to watch
H1 close below 1.3140 confirms a lower low, opening 1.3110
Reclaim of 1.3170 then 1.3200 needed to ease downside pressure
US PCE in ~11h is the dominant catalyst and could break this range
01:01 UTC
Downtrend, basing near lows · RSI 45 · price 1.31619
Lower highs, lower lows; consolidating.
Cable has trended lower since Monday, breaking 1.3200 as soft UK PMIs and political risk met broad USD strength, sliding into a 1.3140 low during the NY session yesterday. Price is now consolidating 1.3155–1.3175 just above the 1.3160 major support, with RSI(14) recovering off oversold but still sub-50. Both EMA20 and EMA50 sit overhead, keeping the weekly bias capped.
Support: 1.31399, 1.3160
Resistance: 1.31755, 1.31925, 1.3235
What it said to watch
US Core PCE in ~12h is the dominant near-term Cable catalyst
H1 close below 1.3140 confirms a fresh lower-low
Reclaim of 1.3192 swing high needed to challenge the lower-highs sequence
Cable has trended lower since midweek, with sterling the G10 laggard after the soft UK flash PMIs and a one-year-high USD pressing the move. Price tagged the 1.3140 week low before basing in a tight 1.3155-1.3170 band, with RSI(14) lifting off oversold but capped below 50 and price pinned at the EMA20. The 1.3180 prior range floor now acts as overhead supply.
Support: 1.3140, 1.3110
Resistance: 1.3168, 1.3180
What it said to watch
H1 close below 1.3140 confirms a lower-low and opens 1.3110
Reclaim of 1.3180 would neutralise the lower-high structure
US PCE Thursday is the dominant USD driver and could shift this read
Cable extended its slide through the NY session toward 1.3140 as weak UK PMIs and a one-year-high USD kept rebounds sold below the lower-highs line. Price has since based in a tight Asia-session range around 1.3165, with RSI(14) ticking up off the lows as the prior swing low held — a mild bullish divergence into the week low. Price remains capped under EMA20 and EMA50, leaving the broader down structure intact.
Support: 1.31399, 1.3110
Resistance: 1.3172, 1.3200, 1.3249
What it said to watch
Failure to hold 1.31399 confirms a lower-low and opens 1.3110
H1 close back above 1.3200 neutralises the lower-highs read
US PCE Thursday could materially shift this USD-driven read