Cable spent the week grinding lower under a chain of descending highs, sweeping the 1.3273 week low before the Fed hold triggered a sharp squeeze that broke through 1.3360 and tagged 1.3387. Price now holds well above EMA20/EMA50 with RSI(14) stretched into the low-70s after the impulse. The move retraced back to 1.3366 into the close, keeping the breakout level around 1.3345 in focus.
Support: 1.3345, 1.3273, 1.3250
Resistance: 1.3387, 1.3400
What it said to watch
BoE decision + MPR Thu 11:00 GMT is the dominant near-term risk for this read
Core PCE/GDP Thu 12:30 UTC could reset the USD backdrop driving this spike
H1 close back below 1.3345 negates the breakout and re-exposes 1.3273 week low
Sustained hold above 1.3387 opens the path toward 1.3400
Cable spent most of the week pinned in a sub-1.3300 range near the week low at 1.32733, then the Fed's on-consensus hold tonight sparked a sharp breakout that spiked to 1.33871 before easing back toward 1.3366. Price now sits well above EMA20 and EMA50 with RSI(14) stretched into overbought after the move. The prior lower-high band around 1.3363 has flipped to a pivot on the reclaim.
Support: 1.3346, 1.3300, 1.32733
Resistance: 1.33871, 1.3363
What it said to watch
Hold above 1.3363 keeps the breakout intact; a close back below 1.3300 negates it
BoE decision Thu 11:00 GMT and US Core PCE Thu 12:30 GMT could materially shift this read
1.33871 session high — area to watch for rejection or extension
Cable spent all week pinned below 1.3300 before the Fed held rates tonight and squeezed an already-short Sterling higher, spiking to a 1.3387 session high and holding near 1.3366. Price now sits above EMA20 and EMA50 for the first time this week with RSI(14) pushing into the high-60s. The prior range top around 1.3300 flips to first support after the breakout.
Support: 1.3343, 1.3300, 1.3250
Resistance: 1.3387, 1.3400
What it said to watch
BoE decision Thu 11:00 GMT — a dovish 7-2 hold risks a drift back toward 1.3250 support
H1 close back below 1.3300 prior range negates the breakout
1.3400 ma band area to watch for rejection or break
21:02 UTC
Range broken to upside, momentum surging · RSI 68 · price 1.33674
Range break above the 1.330 cap.
Cable spent most of the week pinned in a 1.3273–1.3300 range before a sharp post-FOMC squeeze lifted it off the floor; the Fed's on-hold decision and trimmed USD gains fuelled the last three bars into 1.33871. Price is now well above the broken 1.330 range top with RSI(14) stretched near 68 after tagging the week high. The 1.3400 psych band and the round-number 1.3300 retest zone frame the immediate structure.
Support: 1.3300, 1.3273
Resistance: 1.3387, 1.3400
What it said to watch
BoE decision + MPR Thu 11:00 GMT is the dominant risk to this read
US Core PCE/GDP Thu 12:30 UTC could reset the USD backdrop
H1 close back below 1.3300 negates the range break
Rejection at 1.3387 week high keeps price capped under 1.3400
21:01 UTC
Range breakout to upside, momentum fresh · RSI 70 · price 1.33674
Week-long range broken, higher high printed.
Cable spent most of the week boxed between 1.3280 and 1.3360 before a sharp NY-session breakout as stretched USD longs unwound off the in-line Fed hold. Price wicked to 1.33871 then settled back to 1.33674, holding above the former range top and both EMAs, with RSI(14) pushing toward overbought. The prior range ceiling near 1.3360 now flips to first support.
Support: 1.3360, 1.3300, 1.32733
Resistance: 1.33871
What it said to watch
H1 close back below 1.3360 puts price back inside the week's range and invalidates the breakout
BoE decision + MPR Thu 11:00 GMT — a hawkish surprise is the asymmetric risk
US Core PCE/GDP cluster Thu 12:30 UTC could reset the USD backdrop
Cable spent most of the week pinned in a 1.3280–1.3360 range sub-1.3300, then the Fed hold triggered a sharp squeeze that spiked price to a session high at 1.33871 before fading back to close near 1.3348. The move cleared EMA20 and EMA50 decisively and RSI(14) has jumped into the high-60s, but the impulse came on a single NY-session leg. The week low at 1.32784 marked the base of that move.
Support: 1.3300, 1.32784
Resistance: 1.3363, 1.33871
What it said to watch
BoE decision Thu 11:00 GMT could reset this read entirely
H1 close back below 1.3300 negates the breakout
Failure to hold above prior high 1.33630 signals the spike is fading
Cable spent the week offered sub-1.3300, grinding to a 1.3273 week low on trimmed BoE tightening bets before a sharp NY-session spike on the FOMC hold flipped structure — the 19:00 UTC bar ripped ~70 pips to reclaim 1.3350 and press 1.3365. RSI(14) has snapped from the mid-40s to overbought territory as price cleared the descending lower-highs line and both EMAs. Move is a USD-driven short-covering squeeze rather than a fresh Sterling bid.
Support: 1.3350, 1.3300, 1.32733
What it said to watch
BoE decision + MPR Thu 11:00 GMT is the dominant risk and could reset this read
A close back below 1.3300 negates the breakout and re-opens the week low at 1.32733
Failure to hold 1.3350 signals the FOMC spike is fading
19:01 UTC
Downtrend, bouncing on FOMC · RSI 62 · price 1.3336
Lower highs, sweep of week low then snap-back.
Cable spent the week pinned sub-1.3300, carving lower highs from Monday's 1.3363 down to a 1.3273 sweep as GBP was demoted into the BoE. The last bar spiked to 1.3341 and closed 1.3336 on the Fed hold and USD long-unwind, reclaiming both EMAs in one candle. Price now sits just under the 1.3350 prior high that has capped the week.
Support: 1.3300, 1.32733, 1.3250
Resistance: 1.3350, 1.33634
What it said to watch
BoE decision + MPR Thu 11:00 GMT is the dominant catalyst for this read
Sustained hold above 1.3350 would break the lower-high structure
Failure to hold 1.3300 psych reopens the 1.3273 week low
Cable ground under 1.3300 to a 4-week low, with the dominant leg down from Monday's 1.3363 high into 1.3273. Price is now hemmed in a tight 1.3280–1.3300 range, capped by EMA20/50 overhead as traders sit on hands ahead of the FOMC decision. RSI(14) is cycling near 46, reflecting the stalled, sideways drift after the drop.
Support: 1.32733, 1.32796
Resistance: 1.3300, 1.33111, 1.3335
What it said to watch
FOMC decision at 18:00 GMT can materially shift this read
Hourly close below 1.32733 confirms a fresh lower low
Reclaiming 1.3300 psych opens the path back to 1.33111
17:01 UTC
Downtrend, momentum flat · RSI 44 · price 1.32855
Lower highs, coiling above week low.
Cable ground under 1.3300 into a four-week low as softer BoE pricing and UK fiscal worry sat on GBP despite a firm UK data week. Price has coiled in a tight 1.3273–1.3310 range beneath EMA(20) since yesterday's NY session, with RSI(14) stuck in the low 40s as traders squared into the Fed. Rallies have been sold at each lower high near 1.3305–1.3310.
Support: 1.32733, 1.3280
Resistance: 1.33056, 1.33108, 1.3350
What it said to watch
FOMC decision at 18:00 GMT (statement + presser) could materially shift this read within the next bar
H1 close above 1.33108 breaks the lower-high sequence and invalidates the downtrend read
Failure to hold 1.32733 confirms a fresh lower-low
BoE decision Thu 11:00 GMT is the week's dominant GBP catalyst
Cable has trended lower all week, sliding from Monday's 1.3363 high into a four-week low print at 1.3273 as every strong UK data beat was sold. Price is now basing just under the 1.3300 pivot and its converged MA band, which has capped each rally attempt; RSI(14) is mid-40s and flat, with price pinned below EMA20 and EMA50. The 1.3300 area remains the read — supply capping there against demand near 1.3273.
Support: 1.32733, 1.3250
Resistance: 1.3300, 1.3311, 1.3335
What it said to watch
Hourly close above 1.3300 pivot/ma band would break the lower-high sequence
Loss of 1.3273 swing low confirms downtrend continuation toward 1.3250 support
Fed decision tonight 18:00 GMT and BoE tomorrow 11:00 GMT can materially shift this read
Cable has ground lower all week, sliding from Tuesday's 1.3363 high to a four-week low at 1.3273 as strong UK data bought Sterling nothing and BoE repricing softened GBP. Price is now basing in a tight 1.3273–1.3305 band under a converged MA cap, with RSI(14) recovering off oversold but capped near 47. Every rally into 1.3305/1.3335 has been sold as the dollar consolidates ahead of tonight's FOMC.
Support: 1.32733, 1.3284
Resistance: 1.3305, 1.3335, 1.3363
What it said to watch
FOMC decision at 18:00 GMT could break the 1.3273–1.3305 range in either direction
H1 close below 1.32733 confirms a fresh lower-low
Reclaim of 1.3305 range top needed to challenge the 1.3335 ma band
BoE decision Thu 11:00 GMT is the dominant swing risk
Cable slid beneath the 1.3300 psych level this week to a four-week low near 1.3273, despite a strong UK data run — each beat was sold as fiscal and BoE-pricing concerns weighed. Price sits below both EMA20 and EMA50 with RSI(14) cycling in the low-40s, and the 1.3300 handle has capped every recovery attempt across the last two sessions. FOMC tonight is the dominant near-term swing factor before Thursday's BoE.
Support: 1.32784, 1.32733
Resistance: 1.3300, 1.3311
What it said to watch
Hourly close back above 1.33000 psych would break the lower-high sequence
Failure to hold 1.32784 swing low opens the 1.32733 week low
FOMC decision 18:00 UTC tonight could materially shift this read
13:01 UTC
Downtrend, momentum flat · RSI 42 · price 1.32837
Lower highs, boxed 1.3273-1.3350.
GBPUSD has ground lower all week, printing a four-week low at 1.3273 with every strong UK data beat (retail sales, PMIs) sold under the 1.3400 band. Price sits below EMA20 and EMA50 with the 1.3300 pivot capping the last two NY-session attempts. RSI(14) has cycled in the 35-50 band without a clean recovery, keeping the read heavy inside a 1.3273-1.3350 box.
Support: 1.32733, 1.3250
Resistance: 1.3300, 1.33088, 1.3350
What it said to watch
FOMC today 18:00 GMT and BoE Thu could materially shift this read
H1 close above 1.3300 pivot would relieve the lower-high pressure
Loss of 1.3273 week low confirms downtrend extension toward 1.3250
GBPUSD rolled over from Wednesday's 1.3363 high to a four-week low at 1.3273, with every UK data beat this week sold into softer BoE repricing. Price has since based just below the 1.3300 pivot in a sub-40 pip coil, pinned under EMA20/50 as traders sit on hands into the Fed. RSI(14) has lifted off oversold to the mid-40s without reclaiming momentum.
Support: 1.3280, 1.3273
Resistance: 1.3308, 1.3350, 1.3363
What it said to watch
FOMC today 18:00 GMT and BoE Thursday can materially shift this range read
Hourly close above 1.3308 opens the path back to the 1.3350 prior high
Failure to hold 1.3273 confirms a fresh lower-low
12:01 UTC
Downtrend stalling into range · RSI 45 · price 1.32918
Range-bound sub-1.3300 after four-week low.
GBPUSD slid from Monday's 1.3363 week high to a four-week low near 1.3273, with every UK data beat sold as the market repriced BoE dovishly. Since then price has coiled in a sub-40-pip range around 1.3290, pinned below EMA20 and EMA50 into the Fed. RSI(14) is flat near 45, reflecting the freeze ahead of tonight's FOMC.
Support: 1.32733, 1.3280, 1.3250
Resistance: 1.3300, 1.3336, 1.3363
What it said to watch
FOMC at 18:00 GMT today is the dominant catalyst and can break this range
BoE decision and MPR Thursday 11:00 GMT could reset the sterling read
H1 close below 1.3273 confirms a lower-low and reopens 1.3250
Reclaim of 1.3300 and 1.3336 needed to challenge the MA band
GBPUSD slid to a four-week low near 1.3273 midweek as every UK data beat was sold, then based in a tight 1.3280–1.3305 range with RSI(14) hovering near 48. Price sits back on the H1 EMA(20) but below EMA(50), and the 1.3350 cap from Monday's session remains untested. Higher lows off 1.3273 show demand stepping in, but the range top near 1.3305 has capped every push.
Support: 1.32733, 1.32796
Resistance: 1.33091, 1.3350
What it said to watch
H1 close above 1.3305 range top opens the path toward the 1.3350 cap
Loss of the 1.3273 four-week low confirms a lower-low continuation
BoE decision Thu 11:00 GMT plus the FOMC could materially shift this read
11:01 UTC
Downtrend, basing · RSI 50 · price 1.32938
Four-week low, consolidating above 1.3273.
GBPUSD slid to a four-week low near 1.3273 through the week as every firm UK print was sold, with softer BoE pricing keeping Sterling defensive. Since Monday's session the pair has based around 1.3290-1.3300, carving higher lows off 1.3273 with RSI(14) recovering back to the midline. The 1.3300 psych area is capping the bounce, sitting just under the H1 EMA(50).
Support: 1.32733, 1.3284
Resistance: 1.3300, 1.3335
What it said to watch
H1 close above 1.3300 opens the path back to the 1.3350 range top
Loss of 1.3273 week low confirms a lower-low and extends the downtrend
FOMC today 18:00 GMT and BoE super-Thursday tomorrow 11:00 GMT could materially reset this read
10:01 UTC
Downtrend, basing near lows · RSI 53 · price 1.3303
Four-week low carved, consolidating above it.
GBPUSD ground to a four-week low under 1.3300 this week as every firm UK data beat was sold, then based twice near the 1.3273 swing low and is edging back toward EMA20. Price now sits just above EMA20 but below EMA50 with RSI recovering through 53, a shallow bounce inside a still-lower structure. The 1.3335–1.3350 range top capped the earlier rebound and remains the pivot; the whole read is frozen ahead of tonight's Fed and Thursday's BoE.
Support: 1.3273, 1.3250
Resistance: 1.3335, 1.3350
What it said to watch
FOMC 18:00 GMT tonight and BoE Thursday 11:00 GMT could materially reset this read
H1 close above 1.3350 range top negates the downtrend structure
Failure to hold the 1.3273 swing low confirms a fresh lower-low
Compressing near weekly lows after impulsive selloff.
GBPUSD sold from 1.3377 at Monday's open down to a weekly low at 1.3273, with every strong UK data beat faded as fiscal and dovish-BoE concerns dominated. Price has since stalled in a tight 1.3280-1.3310 band and reclaimed EMA(20), a soft US Dollar into the Fed offering mild support. RSI(14) has recovered off its lows to the low-50s but price still sits below EMA(50), keeping the weekly downtrend intact.
Support: 1.32733, 1.3250
Resistance: 1.3350
What it said to watch
Fed decision today 18:00 UTC then BoE Thursday could materially shift this read
H1 close below 1.3273 confirms a fresh lower-low toward 1.3250
Close above the 1.3350 prior high invalidates the downtrend read
08:01 UTC
Downtrend, basing near lows · RSI 53 · price 1.33012
Consolidation sub-1.3300 after this week's decline.
GBPUSD spiked to 1.3363 on Monday's reopen then bled lower through Tuesday to a 1.3273 low, with sterling sold into a run of strong UK data ahead of central-bank risk. Price has since ground sideways just under 1.3300, holding above a rising EMA(20) while RSI(14) has recovered to the low-50s. The 1.3350-1.3363 converged moving-average band capped the week's high and remains the pivot overhead.
Support: 1.32733, 1.3250
Resistance: 1.3350, 1.33634
What it said to watch
FOMC decision 18:00 UTC today is the immediate USD catalyst and can break this range
BoE decision Thu 11:00 UTC — dovish forecast round would pressure the 1.3273 week low
H1 close back above the 1.3350 ma band would negate the lower-high sequence
Failure to hold 1.3273 confirms a fresh lower low toward 1.3250
GBPUSD has ground lower all week from the 1.3377 high, with every strong UK print sold into and Sterling pinned sub-1.3300 ahead of central-bank risk. Price is now consolidating just above the 1.3273 week low, coiling around EMA(20) with RSI(14) flat near 50. The 1.3300 psychological level and the converged moving-average band toward 1.3350 remain the ceiling on this week's attempts.
Support: 1.3288, 1.32733
Resistance: 1.3300, 1.3350
What it said to watch
FOMC today 18:00 UTC and BoE Thursday could materially shift this read
H1 close above 1.3300 challenges the sub-1.3300 pin; reclaim of the 1.3350 ma band would unwind the downtrend
GBPUSD has trended lower since Monday's open near 1.3380, with Sterling sold on every UK data beat and pinned toward the three-week low at 1.3277 into the Fed/BoE window. Price is now consolidating in a tight ~30-pip band around 1.3300, sitting just above the EMA(20) but capped below the EMA(50) and the 1.3335 swing high. RSI(14) has recovered off oversold toward the mid-50s as the decline flattens.
Support: 1.3277, 1.3293, 1.3250
Resistance: 1.3335, 1.3350
What it said to watch
FOMC decision today 18:00 UTC is the dominant catalyst for this pair
BoE hold + MPR Thu 11:00 GMT could reprice GBP sharply
H1 close below 1.3277 confirms a fresh lower-low
Close above 1.3350 would invalidate the downtrend read
06:01 UTC
Downtrend, basing near lows · RSI 52 · price 1.33011
Lower highs into a tight range above the week low.
GBPUSD trended lower through the week, with firm UK data repeatedly used as a reason to sell Sterling ahead of the BoE, dragging price to a four-week low at 1.3273. The last two sessions have flattened into a tight 1.3280-1.3300 consolidation as traders square up into the Fed, with RSI(14) recovering back to the mid-50s off oversold. Price is holding just above EMA(20) but capped under EMA(50) around 1.3308.
Support: 1.3273, 1.3290
Resistance: 1.3350
What it said to watch
FOMC at 18:00 UTC today then BoE Thursday could materially shift this read
H1 close below 1.3273 confirms a lower low and reopens 1.3250
Reclaim of 1.3350 negates the lower-high sequence
06:01 UTC
Downtrend, basing · RSI 53 · price 1.33011
Lower highs into week low, now consolidating.
GBPUSD ground lower through the week from Monday's 1.3380 area to a 1.3273 week low as firm UK data was repeatedly used as a reason to sell Sterling ahead of central-bank risk. Price has since carved a tight consolidation in the 1.3280-1.3310 zone, reclaiming the H1 EMA20 but stalling under the EMA50, with RSI(14) recovering back toward the midline. The 1.3350 resistance has capped every bounce this week.
Support: 1.3273, 1.3250
Resistance: 1.3350
What it said to watch
FOMC today 18:00 UTC and BoE Thursday will drive the next H1 leg
Hourly close below 1.3273 confirms a fresh lower low toward 1.3250
Reclaim of 1.3350 would break the run of lower highs
GBPUSD ground down to a 4wk low near 1.3273 this week as a firm USD and pre-Fed caution overrode strong UK data; the soft BRC print and lower gilt yields added to the drag. Price has since based just above that low and edged back toward 1.3300, reclaiming EMA20 but still capped under the descending sequence of lower highs into EMA50. RSI(14) has lifted off its lows against a marginally lower price low — a mild bullish divergence while the week's structure stays heavy.
Support: 1.32733, 1.3250
Resistance: 1.33108, 1.3350
What it said to watch
FOMC today 18:00 UTC frames USD and could break the base above 1.3273
BoE decision Thu 11:00 UTC is the dominant Sterling risk this week
H1 close below 1.3273 confirms continuation to 1.3250 boe support
Reclaim of 1.3311 prior high needed to challenge the lower-high line
GBPUSD ground to a 4-week low near 1.3273 through the week as a firm USD and pre-Fed caution dominated, with strong UK data repeatedly sold. Since yesterday's NY session price has consolidated in a tight 1.3280–1.3300 band, holding just above the weekly low with RSI(14) recovering off oversold into the mid-40s. Price is sitting on EMA(20) while EMA(50) caps overhead, keeping the near-term structure heavy but no longer accelerating lower.
Support: 1.32733, 1.32805
Resistance: 1.3300, 1.33108, 1.3335
What it said to watch
FOMC decision today 18:00 UTC frames the USD side and could break this consolidation
BoE decision Thu 11:00 UTC is the dominant GBP risk into the week
Hourly close below 1.32733 confirms a fresh lower low
Reclaim of 1.33108 lower high would ease the downside pressure
GBPUSD has ground lower since Monday's open near 1.3340, printing a 4-week low at 1.3273 as a firm USD and soft UK data (BRC 0.9% vs 1.2%) kept Sterling defensive into the Fed. Price is now consolidating in a tight 1.3283–1.3300 band, hugging EMA(20) while capped below the descending EMA(50). The stack of lower highs from 1.3363 remains intact and the week low at 1.3273 is the pivot.
Support: 1.32733, 1.3250
Resistance: 1.3293, 1.33108, 1.3363
What it said to watch
Fed decision 18:00 UTC and BoE Thu 11:00 UTC can materially shift this read
H1 close below 1.3273 confirms a fresh lower low toward 1.3250
Close above 1.3350 breaks the lower-high sequence and invalidates the downtrend read
GBPUSD has ground lower since Monday's 1.3390 open, printing a 4-week low near 1.3273 as a firm USD and pre-Fed caution dominated; strong UK data was repeatedly sold. Price is now consolidating around 1.3290 with RSI(14) recovering off lows and price hugging EMA(20) beneath a falling EMA(50). The 1.3300 round number caps the current bounce while the week low holds as the floor.
Support: 1.32733, 1.3286
Resistance: 1.3300, 1.3311, 1.3350
What it said to watch
FOMC today 18:00 UTC frames USD and could break this range
H1 close above 1.3300 opens the path back to 1.3350 resistance
Failure to hold 1.3273 confirms a fresh lower low
BoE decision Thu 11:00 UTC is the next major risk for Sterling
03:01 UTC
Downtrend, basing near lows · RSI 50 · price 1.32949
Lower highs into a 4-week low, now consolidating under 1.3300.
GBPUSD ground steadily lower all week from Monday's 1.3393 high to a 4-week low near 1.3273, with a firm USD and pre-FOMC caution overriding strong UK data. Price is now consolidating just under the 1.3300 psych level, holding EMA20 but capped below EMA50, and RSI(14) has recovered off oversold toward the midline. The 1.3350 area has repeatedly rejected rallies this week.
Support: 1.3279, 1.3273
Resistance: 1.3300, 1.3305, 1.3335
What it said to watch
FOMC decision today 18:00 UTC frames the USD backdrop and could break this consolidation
BoE decision Thu 11:00 UTC is the primary Sterling risk into week-end
H1 close below 1.3273 swing low confirms a fresh lower-low
Reclaim of 1.3305 swing high needed to challenge the descending lower-highs
GBPUSD has ground down since Monday's open from 1.3393 to a 4-week low at 1.3273, with a firm USD and pre-FOMC caution dominating and soft UK shop-price data adding drag. Price is now coiling between 1.3273 and the 1.3300 psych level, sitting right on EMA20 while EMA50 caps overhead. RSI(14) has stabilised near 49 after the slide, reflecting a pause rather than a turn.
Support: 1.32733, 1.3250
Resistance: 1.3300, 1.33108, 1.3350
What it said to watch
FOMC decision today 18:00 UTC frames the USD leg and can break this coil
Hourly close below 1.3273 confirms a fresh lower low
Reclaim of 1.3300 psych, then 1.3350, needed to challenge the lower-high sequence
BoE decision Thu 11:00 UTC is the second-stage GBP risk
GBPUSD has been offered since Monday's open, sliding from the 1.339 area through the 1.3300 pivot to a 1.3273 swing low as the USD firmed into FOMC and Sterling stayed on the defensive ahead of the BoE. Price is now chopping just under 1.3290, pinned below EMA20 and EMA50 with RSI mid-40s. The 1.3300 pivot has capped the last bounce; the week's decline remains intact.
Support: 1.32733, 1.3279
Resistance: 1.3300, 1.33108, 1.33363
What it said to watch
H1 close above 1.3300 pivot reopens 1.33108 and the 1.33363 week high
Failure to hold the 1.32733 swing low confirms a fresh lower low
FOMC today 18:00 UTC and BoE Thu could materially shift this read
GBP/USD has trended lower since Monday's open, sliding from the 1.3390s to a swing low at 1.32733 as Sterling was faded despite a strong UK data week and the dollar firmed into FOMC. Price now consolidates a few pips under the 1.3300 pivot and its EMA(20) near 1.3290, with RSI(14) recovering off oversold toward mid-range as the sell-off loses pace. The 1.3300 handle has capped attempts through the NY session and remains the immediate ceiling.
Support: 1.32733, 1.3279
Resistance: 1.3290, 1.3300, 1.33111
What it said to watch
H1 close above the 1.3300 pivot re-opens the 1.33111 prior high
Failure to hold the 1.32733 swing low confirms a fresh lower-low
FOMC today 18:00 UTC and BoE Thu 11:00 UTC can materially reset this read
Cable has trended lower since Monday's open, sliding from 1.3393 to a fresh 3-week low at 1.3273 as the USD firmed into the FOMC and sterling was sold despite a strong UK data week. Price now consolidates in a 1.3284–1.3300 band beneath EMA20 and EMA50, with the 1.3300 pivot capping the last two attempts higher. RSI(14) has lifted off its lows toward mid-40s but the structure of lower highs remains intact.
Support: 1.3273, 1.3284
Resistance: 1.3300, 1.3335
What it said to watch
FOMC today 18:00 UTC could materially shift this read
H1 close below 1.3273 confirms a lower low and extends the downtrend
Reclaim of the 1.3300 pivot needed to challenge the descending lower highs
GBPUSD has trended lower since Wednesday, slipping below the 1.3300 pivot to a 3-week low at 1.3273 as the USD firmed into the FOMC and sterling was sold despite a run of strong UK data. Price is basing in a tight Asian-session range just under 1.3293, holding below EMA20 and EMA50 with RSI(14) cycling in the mid-40s. The 1.3300 pivot has capped every recovery attempt this week.
Support: 1.3273, 1.3284
Resistance: 1.3300, 1.3311
What it said to watch
H1 close above 1.3300 pivot invalidates the downtrend read
Break below 1.3273 confirms a lower low
FOMC today 18:00 UTC and BoE Thursday could materially shift this read
GBPUSD has trended lower since Monday's open, sliding from the 1.3363 area to a 3-week low near 1.3277 as the USD firmed into the FOMC and sterling was sold despite a strong UK data week. Price sits below both EMA20 and EMA50 with RSI(14) cycling in the low 40s, and the last session has flattened into a tight range just above the low. The 1.3300 pivot has capped every bounce this week.
Support: 1.3279, 1.32733
Resistance: 1.3300, 1.3311, 1.3340
What it said to watch
H1 close below 1.3273 confirms a fresh lower-low
Reclaim of 1.3300 pivot needed to ease downside pressure
FOMC Wed 18:00 UTC and BoE Thu 11:00 UTC could materially shift this read
00:01 UTC
Downtrend, stalling near lows · RSI 44 · price 1.32838
Lower highs and lower lows, basing above week low.
GBPUSD has trended lower since Monday's session open, sliding from the 1.3390 area to a 1.3273 week low as the USD firmed into FOMC and sterling was sold despite a strong UK data run. Price sits below EMA20 and EMA50 with RSI(14) cycling in the 40s, and the last several Asia-session bars are consolidating just above the swept lows near 1.3284. The 1.3300 pivot has capped every rebound this week.
Support: 1.32733, 1.32796
Resistance: 1.3300, 1.3295, 1.33363
What it said to watch
H1 close back above 1.3300 pivot would neutralise the lower-high sequence
Loss of 1.3273 week low confirms downtrend continuation
FOMC Wed 18:00 UTC then BoE Thu 11:00 UTC can materially reset this read