Cable has built higher highs since Monday's open off 1.3151, with a sharp push during yesterday's NY session spiking to a 1.3276 week high before fading back into the 1.3250s. Price holds above EMA20 and EMA50 but the 1.3270 range top has capped, keeping the move sub-barrier as the USD sits near YTD highs. RSI cycling in the mid-50s reflects momentum cooling rather than reversing.
Support: 1.3250, 1.3240, 1.3212
Resistance: 1.3270, 1.3276, 1.3300
What it said to watch
H1 close above 1.3276 opens the path to 1.3300
Failure to hold 1.3250 turns focus to the 1.3212 swing low
US ADP 12:15 UTC and Bailey Wed 13:30 UTC could materially shift this read
22:01 UTC
Uptrend, momentum slowing near cap · RSI 59 · price 1.32576
Higher highs and lows, capped sub-1.3276.
Cable has climbed steadily since Monday's 1.3151 low, with the NY session spike yesterday tagging 1.3276 before closing back under the level. That probe stalled at the 1.3270 cap flagged this week and price has since drifted to 1.3258, holding above the rising EMA20 as USD firms on hawkish Fed repricing. RSI(14) sits mid-50s, easing off the highs as the advance loses pace into resistance.
Support: 1.3251, 1.3243, 1.3220
Resistance: 1.3276, 1.3300
What it said to watch
H1 close above 1.3276 invalidates the cap and opens 1.3300
Loss of 1.3251 and the EMA20 near 1.3243 exposes the 1.3220 pivot
US ADP 12:15 UTC and Warsh speech later today could shift the USD leg materially
21:01 UTC
Uptrend, momentum slowing at week top · RSI 60 · price 1.3260
Higher highs and higher lows, capped near 1.3270.
Cable has ground higher all week off the 1.3151 base, holding above EMA(20) on each pullback as broad USD firmness only partly capped the move. The spike to 1.32754 in the NY session was rejected straight back to 1.3257, leaving the 1.3270 week top intact as supply. RSI(14) near 60 reflects a steady advance rather than an extended one.
Support: 1.3240, 1.3220, 1.3151
Resistance: 1.3270, 1.3300
What it said to watch
ADP 12:15 UTC and Warsh/Bailey speeches Wed could materially shift this read via USD
H1 close above 1.3270 week top opens the path to 1.3300 psych
Failure to hold 1.3220 session low breaks the run of higher lows
Cable has trended up since Monday's open, riding above EMA(20) on every pullback as GBP held relative strength on the crosses. The NY spike to 1.32764 cleared last week's 1.3270 range top but faded immediately, leaving a rejection wick; price now consolidates near 1.3254. RSI(14) has cooled from its push, reflecting slowing momentum at the top of the week's range.
Support: 1.3214, 1.31905
Resistance: 1.32764, 1.3300
What it said to watch
H1 close above 1.32764 opens the path to the 1.3300 psych barrier
Failure to hold 1.32140 breaks the week's higher-low sequence
BoE Bailey Wed 13:30 GMT and US ADP could materially shift this read
Cable has trended higher since Monday's open, with pullbacks holding the EMA(20) and RSI(14) cycling in the 50-65 band. The NY session spike to 1.32754 was rejected and price has settled back near 1.3260, just under last week's 1.3270 range top. Sterling's relative firmness on the crosses is capped by a strong USD, leaving the move USD-led into the jobs week.
Support: 1.32482, 1.3212, 1.31919
Resistance: 1.32754, 1.3300
What it said to watch
Hourly close above 1.32754 opens the path toward 1.3300
Failure to hold 1.32120 breaks the week's higher-low sequence
BoE Bailey (Wed) and US ADP/NFP this week are the dominant catalysts
Cable has trended up since Monday's open, building higher lows off the ~1.3192 base and accelerating in the NY session with a sharp bullish bar that tagged 1.3276 before fading back to 1.3260. Price holds above EMA20 with RSI(14) cycling in the upper half; the week-high at 1.3276 capped the spike and remains the level to watch for rejection or break. The firmer USD on hawkish Fed repricing is the broad headwind, while UK data has been largely sidelined.
Support: 1.3233, 1.3212, 1.3200
Resistance: 1.3276, 1.3300
What it said to watch
H1 close above 1.32760 opens the path to the 1.3300 ceiling
Failure to hold 1.32330 breaks the week's higher-low structure
US NFP and BoE's Bailey (Wed 13:30 UTC) are the dominant catalysts that could reset this read
Cable pushed through last week's 1.3270 range top on a sharp NY-session rally — the dominant move of the week, clearing the consolidation that had capped prices since Monday. RSI(14) has driven toward overbought near 70 and price holds well above both EMA(20) and EMA(50). The break runs against the firm-USD digest, so acceptance above 1.32754 is the test.
Support: 1.3270, 1.3220, 1.3192
Resistance: 1.32754, 1.3300
What it said to watch
H1 close back below 1.3270 would mark a false break of the range top
Acceptance above 1.32754 opens the path toward the 1.3300 psych level
US ADP/ISM and Fed's Warsh on Wed could materially shift the USD leg
Cable rallied from Monday's 1.3145 open to a week high of 1.3262 into Friday's NY session, but rejection there and a firmer USD have driven a pullback toward the 38.2% retracement, with price now sub-EMA(20) near 1.3215. The slide accelerated after the UK Q1 GDP revision to 0.9% YoY (vs 1.1%) while the dollar holds near YTD highs. RSI(14) has cooled to ~41 as the 1.3270 area continues to cap.
Support: 1.3212, 1.32045, 1.3197
Resistance: 1.3236, 1.3262, 1.3270
What it said to watch
Close below 1.3212 confirms a lower low and deepens the retracement
Reclaiming 1.3262 needed to reopen the week's high
BoE Bailey (Wed 13:30 UTC) and US NFP later this week could materially shift this read
14:01 UTC
Uptrend stalling, pulling back · RSI 44 · price 1.32152
Lower highs off week high, retesting prior breakout.
Cable climbed from Monday's ~1.3140 to a week high near 1.3262 into NY hours, then rolled over below EMA20 after the UK Q1 GDP downward revision (0.9% vs 1.1%) and a firmer USD near YTD highs. Price now sits at ~1.3215, on the 38.2% retracement of the week's impulse, with RSI cooling back toward the low 40s and lower highs forming off the 1.3262 top.
Support: 1.3212, 1.3191
Resistance: 1.3232, 1.3262
What it said to watch
H1 close below 1.3191 confirms a lower-low and ends the week's uptrend
Reclaim of EMA20 near 1.3232 reopens the 1.3262 week high
US ADP/NFP this week and BoE Bailey Wed 13:30 UTC are the dominant catalysts for this read
13:01 UTC
Uptrend stalling, pulling back from week high · RSI 43 · price 1.32255
Higher highs into 1.3262, now correcting through EMA20.
Cable climbed steadily from Monday's open near 1.3190 into a week high at 1.3262, where two attempts stalled to leave a tight double top, consistent with the desk's 1.3270 cap. Price has since rolled over through EMA20 toward the 1.3215 session low after final Q1 GDP was revised down to 0.9%, with a firmer USD into US data adding pressure. RSI(14) has cycled back to the low-40s as the pullback extends.
Support: 1.32146, 1.3200, 1.31905
Resistance: 1.32621, 1.3270
What it said to watch
H1 close below 1.32146 confirms a lower low toward the 1.3191 weekly low
Reclaim of 1.3262 negates the double top and reopens the 1.3270 range top
BoE Bailey 13:30 GMT and US JOLTS today could materially shift this read
Higher highs into week high, now consolidating below it.
Cable climbed steadily off Monday's 1.3141 low and stretched to a week high at 1.3262 into the NY session before fading, with the firm USD on hawkish Fed repricing capping the move sub-1.3300. Price now consolidates around 1.3234, slipped back under EMA20 while holding above EMA50, and RSI(14) has cooled toward the midline after the rejection. The week-high zone at 1.3262 has yet to be reclaimed.
Support: 1.3222, 1.3191, 1.3225
Resistance: 1.32621, 1.3300
What it said to watch
H1 close above 1.3262 reopens the path toward the 1.3300 psych pivot
Failure to hold 1.3222 swing low exposes the 1.3191 recent low
US NFP later this week is the dominant Cable driver and could reset this read
Cable ground higher through Monday and Tuesday from the 1.3140 area to a week high at 1.32621 into the NY session, before easing back to 1.3235 as the USD firmed on hawkish-Fed repricing. Price has slipped below EMA20 on the pullback but holds above EMA50, with RSI(14) cooling back toward neutral. The 1.3262 high has capped the latest attempt while the recent low at 1.3221 has so far contained the dip.
Support: 1.32213, 1.3200, 1.3191
Resistance: 1.32621, 1.3300
What it said to watch
H1 close above 1.32621 week high reopens the path toward the 1.3300 psych pivot
Failure to hold 1.3221 recent low exposes 1.3200 round number and 1.3191 week low
Bailey speech and US NFP later this week are the bigger drivers for this read
Cable rallied off Monday's reopen near 1.3190 to a week high at 1.3262 before stalling, snapping its climb as the USD firmed into the US jobs cluster. Price has since rolled back below EMA(20) with RSI(14) cooling toward 45, carving lower highs into the NY session. The 1.3300 area cap flagged all week was never tested; demand stepped in twice around 1.3221.
Support: 1.3221, 1.3190
Resistance: 1.3262, 1.3300
What it said to watch
H1 close above 1.3262 reopens the path to the 1.3300 cap
Loss of 1.3221 exposes 1.3190 week support
BoE Bailey Wed 13:30 UTC and US NFP later this week are the dominant external drivers
09:00 UTC
Uptrend stalling near highs · RSI 47 · price 1.32319
Higher highs into 1.3260 cap, pulling back.
Cable trended higher from Monday's ~1.3192 base into the NY session, peaking at 1.3262 before fading back to 1.3232 as a firmer USD and revived Fed-hike pricing capped the move. Price has slipped below EMA(20) with RSI(14) easing into the mid-40s, a bearish divergence against the higher price peak. The 1.3260 area held two attempts; near-term focus is whether the 1.3226 session low absorbs supply.
Support: 1.32264, 1.3203, 1.31921
Resistance: 1.32621, 1.3240, 1.3300
What it said to watch
H1 close below 1.3192 confirms a lower-low and breaks the week's uptrend
Reclaim of 1.3262 reopens the 1.3300 psych cap
US JOLTS/Confidence at 14:00 UTC and Bailey ahead could shift this read
08:01 UTC
Uptrend stalling, pulling back · RSI 48 · price 1.32382
Broke weekly range top, now retesting EMA20.
Cable climbed off Monday's ~1.3190 base through the NY session yesterday, clearing the week's 1.3245 cap and printing a 1.3262 high before rolling back below EMA20. The UK GDP YoY miss (0.9% vs 1.1%) and a firmer USD have capped the move, with RSI(14) cycling back to mid-range. Price now holds above EMA50 with the 1.3222 swing low the nearest demand.
Support: 1.3222, 1.3190, 1.3175
Resistance: 1.3245, 1.3262
What it said to watch
H1 close back below 1.3222 reopens the 1.3175 range floor
Reclaim of 1.3262 needed to extend the breakout
US JOLTS / Consumer Confidence today and NFP Thursday could shift this read
07:01 UTC
Uptrend, momentum fading · RSI 44 · price 1.32226
Higher highs, retracing from week high.
Cable rallied off the weekly open near 1.3199 through Monday and into yesterday's NY session, tagging a week high at 1.32621 before stalling. Price has since rolled over below EMA(20) with RSI(14) cooling toward the mid-40s, a pullback that ran alongside the soft UK GDP YoY miss (0.9% vs 1.1%). The move is currently sitting on the rising support off Monday's low and the 61.8% retracement of the week's impulse.
Support: 1.3203, 1.3199, 1.3175
Resistance: 1.3245, 1.32621
What it said to watch
Hold of rising support and the 1.3203 swing low keeps the higher-low sequence intact
H1 close below 1.31990 weekly open opens room toward the 1.31750 range floor
Reclaim of 1.32450 range top puts the 1.32621 week high back in play
US ADP and Warsh speech Wed could materially shift this read ahead of NFP
Cable rallied through Monday's session from the 1.3194 open to a week high at 1.3262 as the USD eased off YTD highs. Price has since pulled back toward EMA(50) near 1.3225, slipping under EMA(20) with RSI(14) cooling from overbought toward 45. The 1.3245 cap flagged this week sits back overhead and UK GDP at the open is the immediate catalyst.
Support: 1.3225, 1.3200, 1.3140
Resistance: 1.3245, 1.3262
What it said to watch
UK GDP at the open could materially shift this read
Close back above 1.3245 reopens the 1.3262 week high
Failure to hold 1.3225/1.3200 confirms a deeper pullback
US NFP and Bailey later this week are the next directional cues
Cable rallied from the 1.3191 base into Monday's NY session up to a 1.3262 week high, helped by Burnham's fiscal-rule pledge and a softer USD. The last few bars have rejected the 1.3245 area and faded back to 1.3232, with RSI(14) cooling toward 45 and price slipping under EMA(20). EMA(50) still sits below as support, keeping the week's broader uptrend intact.
Support: 1.3231, 1.3199, 1.31905
Resistance: 1.3245, 1.32621
What it said to watch
UK GDP today 06:00 UTC (f/c 0.6% QoQ) could materially shift this read
Close back above 1.3245 reopens the 1.3262 week high
Failure to hold 1.3231 confirms a lower-low toward the 1.3199 base
Cable built a clean run of higher highs from the 1.3190 week low into a 1.3262 peak during yesterday's NY session, supported by the Burnham fiscal-rule pledge and a fading USD. Price has since rolled back below EMA(20) toward 1.3233, with RSI(14) cooling to the mid-40s as the move corrects. EMA(50) at ~1.3215 still underpins the broader weekly recovery.
Support: 1.32334, 1.3200, 1.31905
Resistance: 1.32621, 1.3245
What it said to watch
UK GDP today 06:00 UTC could materially shift this read
H1 close below 1.3233 confirms a lower-low and exposes the 1.3200 round number
Reclaim of 1.3245 EMA(20) would re-engage the week high at 1.3262
Cable extended a steady uptrend off the weekend reopen near 1.3192, peaking at 1.3262 before sellers capped the move around the 1.3245 UOB level and faded into the late session. The pullback to 1.3233 has slipped price back below EMA(20) with RSI(14) cooling toward 46, though the rising sequence of higher lows off Monday remains intact above EMA(50). The recovery this week tracks an easing US Dollar and calmer UK politics after the Burnham fiscal pledge.
Support: 1.3233, 1.3192, 1.3140
Resistance: 1.3245, 1.3262
What it said to watch
UK GDP at 06:00 UTC could materially shift this read
Hold of 1.3233 keeps the higher-low structure; loss opens 1.3192
Close back above 1.3245 reopens the path to 1.3262 week high
Cable has trended up since Monday's open, climbing from the 1.3190 area to a 1.3262 week high through the NY session before easing back to the EMA(20) near 1.3244. The advance tracks a fading USD as the US-Iran truce drained safe-haven demand and GBP held firm on calmer UK politics. RSI(14) has cooled off its highs as the last two bars pulled back, but the higher-low sequence is intact.
Support: 1.3239, 1.3220, 1.3199
Resistance: 1.3262
What it said to watch
UK Q1 GDP revision at 06:00 UTC could materially shift this read
H1 close below 1.3239 breaks the higher-low sequence
A close above 1.3262 extends the weekly impulse
01:01 UTC
Uptrend, momentum steady · RSI 63 · price 1.32523
Higher highs and higher lows since the week open.
Cable opened the week near 1.3199 and has ground higher through the Monday-Tuesday sessions, clearing the 1.3245 prior cap and printing a week high at 1.3262 as the USD softened for a third session. Price holds above EMA20 with pullbacks shallow and RSI(14) cycling in the 55-65 band, consistent with a controlled uptrend rather than an exhausted one. The 1.3245 former resistance now sits as the nearest reference on any pullback.
Support: 1.3245, 1.32277, 1.3199
Resistance: 1.32621
What it said to watch
An H1 close back below 1.3245 would put the breakout into retest territory
Failure to hold 1.3199 weekly open neutralises this week's advance
UK Q1 GDP revision at 06:00 UTC could materially shift this read
Cable opened the fresh week near 1.3200 and has climbed steadily through the Asia and London sessions to print a week high at 1.3262, breaking the prior 1.3220 range top as the USD eased for a third day on the safe-haven unwind. Price sits above both EMA20 and EMA50 with RSI(14) stretched near 71, and the latest pullbacks have held the 1.3253 swing low. Momentum is one-directional but extended into resistance.
Support: 1.3253, 1.3220, 1.3200
Resistance: 1.3262, 1.3300
What it said to watch
Hourly close above 1.3262 week high opens the path toward the 1.3300 psych level
Failure to hold the 1.3253 swing low would put the 1.3220 breakout level back in play
UK GDP Tue 06:00 UTC could materially shift this read