GBP/USD AI Live Scan, 1-hour chart, Thursday, 30 July 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
Uptrend, strong momentum · RSI 70 · price 1.34647
Higher highs, breakout from base.
GBPUSD broke out of the 1.3280–1.3300 base into the NY session on the hawkish 6-3 BoE split alongside a softer USD after the post-FOMC PCE/GDP miss, rallying to a 1.34765 week high. Price is well above EMA(20) and EMA(50) with RSI(14) elevated near 70 after the impulse, having cleared the 1.3405 prior weekly high. The 1.3400 area now serves as the reclaimed pivot beneath current price.
Support: 1.3400, 1.3367, 1.32796
Resistance: 1.34765
What it said to watch
H1 close back below 1.3400 would undo the breakout structure
Fri US ECI / Michigan data could materially shift the USD leg of this read
Failure to hold above the 1.3405 prior weekly high signals stalling momentum
Cable spent Monday-Wednesday grinding lower into the mid-1.3300s before a sharp NY-session impulse took it from 1.3300 to 1.3476, the leg accelerating after the Fed's hawkish hold and soft US PCE/GDP undercut the dollar. Price now sits just under the 1.34765 session high, holding well above both EMAs with RSI(14) stretched near 68. The old 1.3400/weekly-high zone that capped earlier in the week has flipped to a reference floor after the breakout.
Support: 1.34215, 1.3400, 1.3340
Resistance: 1.34765
What it said to watch
H1 close back below 1.3405 would negate the breakout and put the retest in question
Failure to reclaim 1.34765 leaves the high as near-term resistance
US ISM Manufacturing (Mon) and ECI/Chicago PMI could re-bid USD and shift this read
GBP/USD broke decisively above the 1.3385-1.3405 weekly-high zone through the NY session, extending to a session high at 1.34765 as a softer USD followed the miss on US Q2 GDP and steady core PCE. Price now sits above EMA20 and EMA50, with the old weekly high near 1.3405 and the 1.3423 breakout flipping to support. The last few bars have stalled and thinned out around 1.346, with RSI(14) elevated and momentum easing off the high.
Support: 1.3423, 1.3405, 1.3385
Resistance: 1.34765, 1.3500
What it said to watch
Failure to hold the 1.3423 breakout would question the extension
A loss of the 1.3405 prior high reopens the mid-1.3300s weekly-high area
H1 close above 1.34765 session high opens the 1.3500 psych level
US ECI (12:30 GMT) and ISM Manufacturing on Mon are the next USD catalysts
21:01 UTC
Uptrend, strong momentum · RSI 71 · price 1.34638
Breakout above weekly high, higher highs.
Cable spent most of the week ranging 1.3273–1.3360 before a sharp rally into the NY session lifted price through the 1.3405 weekly high, aided by a softer post-Fed USD after Q2 GDP and core PCE both missed. Price now sits above EMA20 and EMA50 with RSI(14) stretched into the low 70s, having tagged a session high of 1.34765. The former 1.3405 weekly ceiling and the 1.34216 breakout shelf are the nearest reference points beneath.
Support: 1.34216, 1.3405, 1.3370
Resistance: 1.34765
What it said to watch
H1 close back below 1.34216 breakout would signal momentum stall
Loss of 1.3405 weekly high puts the breakout structure in question
US ECI and UoM data Friday could shift the USD leg of cable
21:01 UTC
Strong uptrend, extended · RSI 72 · price 1.34638
Higher highs, breakout above weekly high.
Cable ripped through the 1.3405 weekly high into the NY session, extending a run off the mid-1.327 base as a softer USD (Fed hawkish-hold, soft Q2 GDP and cool core PCE) met a hawkish BoE split. Price now sits just under the 1.34765 session high with RSI(14) pushing into overbought territory. The 1.34214 pullback low marks the last intraday higher-low on the leg.
Support: 1.34214, 1.3405
Resistance: 1.34765
What it said to watch
H1 close back below 1.3405 would negate the weekly-high breakout
Loss of 1.34214 pullback low signals the leg is stalling
US ECI (Fri 12:30 GMT) could re-arm the USD leg and shift this read
20:01 UTC
Uptrend, extended after impulse · RSI 75 · price 1.34691
Range break, price at session highs.
Cable spent most of the week compressing in a 1.3273–1.3360 range before a sharp NY-session impulse yesterday, clearing the 1.3405 weekly high and running to 1.34765 as the post-Fed dollar softened on the GDP and core PCE misses. Price now sits just under the session high with RSI(14) stretched above 70, well clear of EMA20 and EMA50. The 1.3405 prior high is the pivot that flipped to support on the break.
Support: 1.3421, 1.3405, 1.3346
Resistance: 1.34765
What it said to watch
H1 close back below 1.34050 would negate the breakout and put price back in the prior range
Failure to reclaim 1.34765 leaves the impulse stalling into resistance
US ECI and UoM inflation expectations (Fri 12:30–14:00 UTC) could reprice the USD leg of cable
Cable spent most of the week rangebound in the low-1.33s before a sharp NY-session acceleration through the 1.3405 weekly high, helped by a softer USD after the Q2 GDP and core PCE misses and a hawkish BoE split. Price now sits at 1.3475 well above EMA20 and EMA50 with RSI(14) pushed into overbought near 75. The former 1.3405 barrier and the 1.34216 pullback low are the immediate breakout references being left behind.
Support: 1.34216, 1.3405, 1.3345
What it said to watch
Sustained H1 closes above 1.3405 keep the breakout intact; a slip back below invalidates it
RSI overbought near 75 flags an extended move — a stall or reversal candle would signal momentum cooling
US ECI and UoM inflation expectations Friday could reprice the USD leg of cable
19:01 UTC
Uptrend, extended · RSI 74 · price 1.34746
Breakout above range, higher highs.
Cable spent most of the week pinned in a 1.3280–1.3360 range before a sharp NY-session impulse cleared the 1.3400 EMA wall that had capped every rally since mid-July. The break followed the softer USD tone after the Fed's hawkish-but-unconvincing hold and yesterday's GDP/core PCE misses, with the hawkish 6-3 BoE split adding a tailwind. Price now prints fresh weekly highs at 1.34758 with RSI(14) stretched into overbought territory.
Support: 1.3454, 1.3400, 1.3300
Resistance: 1.34758
What it said to watch
H1 close back below 1.3400 would put the breakout back inside the prior range
Loss of the 1.3454 session low signals the impulse is stalling
US ECI and UoM inflation expectations later today could shift the USD-driven read
19:01 UTC
Uptrend, extended · RSI 74 · price 1.34727
Breakout above 1.3400, higher highs.
Cable cleared the 1.3400 EMA wall that had capped every rally since mid-July, extending off the 1.3280 shelf through the NY session to a 1.34738 session high. The impulse followed post-Fed USD softness after soft Q2 GDP and cooler core PCE, with the hawkish BoE 6-3 hold adding a tailwind. RSI is stretched into overbought as the move runs vertical into month-end.
Support: 1.3400, 1.3327, 1.3300
Resistance: 1.34738
What it said to watch
Hold above 1.3400 keeps the breakout intact; a close back below reopens the 1.3300 shelf
RSI overbought — pullbacks toward 1.3400 would test the retest
Month-end USD flows could shift this read into the close
Breakout above weekly range, series of higher highs.
GBPUSD spent most of the week pinned in a 1.3280–1.3360 range under the 1.3400 cap, then broke decisively through it during the NY session as a soft US Q2 GDP miss and benign core PCE knocked the dollar, layered on the hawkish 6-3 BoE split. Price is now 60-plus pips above the old cap at 1.3474 with RSI(14) stretched near 79, sitting well above both EMA(20) and EMA(50). The 1.3400 level that capped every rally since mid-July has flipped to first structural reference on any pullback.
Support: 1.34216, 1.3400, 1.3300
Resistance: 1.34738
What it said to watch
Loss of 1.3422 breakout base would question the impulse and invite a retest of 1.3400
Failure to hold above 1.3400 on a pullback voids the range-break read
US ECI and UoM inflation expectations Friday could re-arm the dollar and pressure the topside
GBPUSD cleared the 1.3400 EMA cap that had capped every rally since mid-July, accelerating through the NY session after a benign US core PCE and a soft Q2 GDP print pressured the dollar. The hawkish BoE 6-3 split earlier gave the initial lift before the US-data leg extended the move to a 1.3470 session high. RSI(14) is now in overbought territory as price prints well above both EMAs.
Support: 1.3400, 1.3350, 1.3300
Resistance: 1.3470
What it said to watch
H1 close back below 1.3400 would negate the breakout and reopen the 1.3300 shelf
Stall at the 1.3470 session high with overbought RSI risks a pullback toward the retested EMA cap
Friday US ECI/UoM inflation expectations could reprice the USD leg driving this move
17:01 UTC
Uptrend, momentum strong · RSI 72 · price 1.34649
Breakout, higher highs and lows.
GBPUSD spent most of the week pinned in a 1.3280-1.3360 range before a sharp NY-session leg cleared the 1.3400 cap that had held since mid-July, extending to a 1.34702 high. The move followed a softer USD after yesterday's GDP miss and cooler core PCE, compounded by today's hawkish BoE 6-3 split. RSI(14) is stretched into overbought after the vertical rally, with price well clear of EMA20 and EMA50.
Support: 1.3420, 1.3400, 1.3367
Resistance: 1.34702
What it said to watch
A pullback holding 1.3400 would confirm the breakout retest as support
H1 close back below 1.3400 negates the breakout and re-opens the 1.3300 shelf
Fri US ECI and UoM inflation expectations could re-firm the USD and shift this read
17:01 UTC
Uptrend, accelerating · RSI 75 · price 1.34619
Breakout above the 1.3400 cap, higher highs.
GBPUSD chopped sideways in the 1.3280–1.3300 shelf through midweek, then broke sharply higher into the NY session, clearing the 1.3400 cap that had stalled every rally since mid-July after the hawkish BoE 6-3 split and soft US GDP/PCE prints. Price now trades at 1.3462, holding above EMA20/EMA50 with RSI(14) pushed into overbought near 74. The week high at 1.3463 is the immediate ceiling, with 1.3500 the next round-number level above.
Support: 1.34216, 1.3400, 1.3329
Resistance: 1.34629, 1.3500
What it said to watch
A pullback into 1.3400 that holds would confirm the former cap as support on retest
Failure to hold 1.34216 opens a deeper retrace toward the 1.3300 shelf
US ECI and UoM sentiment Friday could reshape USD direction and this read
GBPUSD forced a clean break of the 1.3400 cap that had stalled every rally since mid-July, driven by the hawkish 6-3 BoE split and a softer post-GDP USD through the NY session. Price impulsed from the 1.3290 area to a 1.34476 week high, with RSI(14) now stretched above 70 as the move runs well ahead of a rising EMA(20). The prior cap at 1.3400 flips to the first reference support on any pullback.
Support: 1.3400, 1.3367, 1.3330
Resistance: 1.34476, 1.3450
What it said to watch
H1 close back below 1.3400 negates the breakout and reopens the 1.3367 base
Sustained trade above 1.34476 extends the impulse toward the 1.3450 psych area
Friday US ECI / UoM inflation expectations could shift the USD leg of this move
GBPUSD broke the 1.3400 converged-EMA ceiling that capped every July rally, extending to a fresh week high at 1.3448 through the NY session as the post-FOMC USD softened further on yesterday's Q2 GDP miss. The move accelerated off the 1.3280 base, and price now sits above both EMA(20) and EMA(50) with RSI(14) pushed into overbought territory. The 1.3400 shelf that acted as resistance all week now flips to the first support reference below.
Support: 1.3400, 1.3370, 1.3346
Resistance: 1.3448, 1.3450
What it said to watch
H1 close back below 1.3400 negates the breakout and re-enters the prior range
RSI(14) overbought into a stalling impulse raises pullback risk toward 1.3370
US ECI and UoM inflation expectations Friday could reprice USD and shift this read
GBPUSD accelerated through the 1.3400 ceiling that had capped every rally since mid-July, printing a fresh session high at 1.34339 into the NY session. The push was driven by a softer USD after yesterday's GDP miss plus lingering support from three hawkish BoE dissents. RSI(14) is stretched near 74 and price sits well above EMA20 and EMA50, both of which converged just under 1.3400.
Support: 1.3400
Resistance: 1.34339, 1.3450
What it said to watch
Hourly close back below 1.3400 would flag a false break of the prior ceiling
Stretched RSI leaves room for a pullback to retest the 1.3400 shelf
US Q2 GDP / UoM inflation data ahead could shift the USD leg
14:01 UTC
Uptrend, accelerating · RSI 74 · price 1.34338
Breakout above week-long range.
GBPUSD chopped sub-1.3300 for most of the week before a sharp NY-session surge broke through the 1.3400 EMA band that had capped every rally since mid-July, printing 1.3434. The leg accelerated as the dollar stayed soft post-FOMC and after the Q2 GDP miss. RSI(14) is now stretched into overbought territory after the vertical move.
Support: 1.3400, 1.3350, 1.3300
Resistance: 1.34339
What it said to watch
H1 close back below 1.3400 would put price back inside the prior range and negate the breakout
Holding above the 1.3400 cap on a pullback confirms it as retested support
Bailey presser and Friday US data (ECI, UoM inflation expectations) could shift the USD leg
GBPUSD based around the 1.3273 week low through Tuesday-Wednesday, then surged through the 1.3300 shelf on the BoE hawkish-hold (6-3 vote) and post-FOMC USD chop, tagging a 1.3407 week high before fading. Price now sits at 1.3370, above EMA20 and EMA50, with the converged 1.3400 EMA band capping the second push and RSI cooling from the highs. The pullback has held above the 1.3333 swing low, keeping the week's rising structure intact.
Support: 1.3333, 1.3300, 1.3273
Resistance: 1.3407, 1.3400
What it said to watch
H1 close above the 1.3400 ema band opens the path back to the 1.3407 week high
Loss of the 1.3333 swing low exposes the 1.3300 shelf
Fri US ECI / UoM inflation expectations could shift the USD leg
13:01 UTC
Uptrend, momentum slowing · RSI 58 · price 1.3370
Breakout from week range, pulling back.
Cable spent most of the week pinned in a 1.3275-1.3350 range before a sharp impulse through midday broke higher on the hawkish BoE 6-3 vote surprise, tagging 1.3407 and momentarily pressing the 1.3400 psych cap that has capped rallies. Price has since faded back to mid-1.3300s and now sits just above the rising EMA20, with RSI cooling from the surge highs. The 1.3385 weekly top and 1.3400 cap remain the immediate ceiling; the 1.3300 shelf is the pivot below.
Support: 1.3355, 1.3300, 1.3275
Resistance: 1.3407, 1.3400, 1.3385
What it said to watch
H1 close above 1.3407 opens the path toward extension past 1.3400
Failure to hold the EMA20 near 1.3355 exposes the 1.3300 shelf
US Q2 GDP / Bailey presser could materially shift this read intraday
Cable snapped out of a two-day 1.3280–1.3300 base on the hawkish BoE 6-3 hold surprise, spiking through the 1.3350 breakout base and grinding up into the 1.3385–1.3390 weekly top during the NY session. Price now sits under the 1.3400 cap that has capped every rally this month, with RSI(14) elevated near 67 and price holding above both EMA(20) and EMA(50). The advance is one-directional off the spike, but the converged 1.3400 EMA zone remains the immediate ceiling.
Support: 1.3350, 1.3300
Resistance: 1.3400, 1.3407
What it said to watch
H1 close above 1.3407 week high opens the path above the 1.3400 cap
Failure to hold the 1.3350 breakout base reopens the 1.3300 shelf
US Q2 GDP / Core PCE later today could firm USD and cap price under 1.3400
Cable pushed through the sub-1.3400 cap that held every rally this week, clearing the 1.3385-1.3390 weekly high in the NY session after the hawkish 6-3 BoE split. Price sits above both EMA(20) and EMA(50) with RSI(14) up near 67; the 1.3400 psych and 1.3407 session high are the immediate zones to watch for rejection or extension. The advance built off a 1.3273 base carved out yesterday, with higher lows into today.
Support: 1.3385, 1.3350, 1.3300
Resistance: 1.3407, 1.3400
What it said to watch
H1 close above 1.3400 confirms the break of the week-long cap
Failure back below 1.3385 puts the breakout on retest
Bailey remarks and the US GDP/Core PCE cluster could materially shift this read
11:01 UTC
Uptrend, momentum strong · RSI 69 · price 1.33956
Range break, higher highs.
Cable broke sharply out of this week's 1.3280–1.3360 range on the BoE decision, the spike bar clearing 1.3360 on heavy volume and extending into the NY session toward 1.3400. Price now trades above both EMAs with RSI(14) elevated near 68 as the 1.3400 psych cap is tested for the first time this week. The move aligns with a firmer-than-priced BoE read; the USD leg via US Q2 GDP and Core PCE is the next input.
Support: 1.3369, 1.3340, 1.3330
Resistance: 1.3400, 1.34066
What it said to watch
US GDP / Core PCE data cluster this session could reprice the USD leg
Hourly close above 1.34066 opens the path toward the 1.3550 range top
Failure to hold 1.33690 threatens a return into the prior range below 1.3400
Cable spent most of the week pinned in a 1.3280–1.3350 range before the BoE hawkish hold triggered a sharp break higher, spiking to a week high at 1.33871. Price pulled back to 1.3346 then re-based, and is now grinding back toward that high into the NY session while holding above EMA(20) and EMA(50). RSI(14) sits near 66 as the breakout extends.
Support: 1.3346, 1.3300, 1.32784
Resistance: 1.3384, 1.33871
What it said to watch
US Q2 GDP and Core PCE at 12:30 UTC could materially shift this read
H1 close above 1.33871 week high opens continuation
Failure to hold 1.3346 negates the breakout retest
10:01 UTC
Uptrend, recovering · RSI 66 · price 1.33794
Higher lows, reclaimed prior range top.
Cable broke out of the 1.3280-1.3340 range on the late impulse and has printed higher lows since, now pressing back toward the 1.33871 week high into the NY session. RSI(14) sits mid-60s with price holding above EMA20 and EMA50; the 1.33430 pullback low was defended before this leg higher. The 1.3400 psych band, cited as an EMA cap this week, is the next area to watch for rejection or break.
Support: 1.3343, 1.3330, 1.32784
Resistance: 1.33871, 1.3400
What it said to watch
BoE decision at 11:00 GMT and US Q2 GDP/core-PCE at 12:30 GMT could materially shift this read
H1 close above 1.33871 opens the path toward the 1.3400 psych cap
Loss of the 1.33430 pullback low breaks the higher-low sequence
10:01 UTC
Recovering, momentum building · RSI 61 · price 1.33572
Higher lows off week low, retesting spike zone.
Cable based out at the 1.3273 week low before a sharp impulse spiked it to 1.3387, then faded back toward the 1.3340 EMA20 zone which held as a retest. Price is grinding back to 1.3357 with RSI(14) around 60 and both EMAs beneath spot; the spike high at 1.3387 caps the recovery. Upcoming BoE decision and US Q2 GDP are the pivots for the next leg.
Support: 1.3340, 1.3300, 1.3273
Resistance: 1.3387
What it said to watch
BoE decision and US GDP later today could materially shift this read
Sustained H1 close above 1.3387 opens continuation higher
Loss of the 1.3340 ema20 zone reopens the 1.3300 shelf
Cable ran a sharp impulse off the 1.32780 week low into 1.33871 before settling into a tight consolidation, and the last bar is pressing back toward the 1.33690 session high. Price holds above EMA20 with RSI(14) cycling in the mid-50s; the 1.33300 shelf has capped the downside on each pullback. Rallies remain boxed under the converged EMA band toward 1.3400 flagged as resistance into today's UK event risk.
Support: 1.3343, 1.3330, 1.3278
Resistance: 1.3369, 1.33871, 1.3400
What it said to watch
BoE decision at 11:00 GMT (~2h out) plus Bailey and US GDP/core PCE at 12:30 GMT can materially shift this read
H1 close above 1.33871 opens the path toward the 1.3400 ema cap
Failure to hold the 1.33300 shelf reopens the 1.32780 week low
Boxed in weekly 1.3280-1.3360 range, false break above cap.
Cable spent most of the week pinned in a 1.3280-1.3360 band before spiking to 1.3387 late in yesterday's session, then fading straight back under 1.3350 as USD firmed post-FOMC. Price now sits mid-range near 1.3338, holding just above EMA20 with RSI(14) back around neutral. The push above the range top was rejected and unwound, leaving the converged EMA cap under 1.3400 intact.
Support: 1.3300, 1.3280, 1.32733
Resistance: 1.3350, 1.33871, 1.3400
What it said to watch
BoE decision, MPR and vote split at 11:00 GMT (~2h out) can materially shift this read
H1 close above 1.3350 range top reopens the 1.3387 spike high and 1.3400 cap
Loss of the 1.3300 shelf exposes the 1.3280 range low and 1.3273 week low
Rangebound below 1.3400 cap; higher lows since Tuesday.
Cable reclaimed the 1.3300 shelf and spiked to a two-day high at 1.3387 after the Fed's divided hold weakened the dollar, before the wick was rejected back into the mid-1.3300s. Price has carved higher lows since Tuesday and now sits above EMA20/EMA50, but the converged band just under 1.3400 has capped every push this week. RSI cycling in the low-50s reflects the fade rather than momentum.
Support: 1.3300, 1.3273, 1.3250
Resistance: 1.3387, 1.3400
What it said to watch
BoE MPR and vote split at 11:00 GMT is the primary mover for this read
US Core PCE at 12:30 UTC could shift the USD leg
H1 close above 1.3400 invalidates the range cap
Failure to hold 1.3300 reopens the 1.3273 week low
Breakout from range, now consolidating below two-day high.
Cable broke sharply above the 1.3300 shelf into NY hours yesterday after the Fed's 9-3 hawkish hold softened the dollar, tagging a two-day high at 1.33871 before easing back to consolidate around 1.3350. Price holds above EMA20 and EMA50 with RSI(14) cooling off the spike but staying above 50. The move stalled under 1.3375, keeping the converged sub-1.3400 cap intact.
Support: 1.3343, 1.3300, 1.32733
Resistance: 1.3375, 1.33871
What it said to watch
BoE decision + MPR at 11:00 GMT and Bailey 11:30 GMT can materially shift this read
US Core PCE / GDP cluster at 12:30 UTC could drive the next USD leg
H1 close above 1.33871 opens the path toward the 1.3400 band
Failure to hold 1.3343 confirms the breakout is fading back into range
Cable broke out of the week's 1.3280–1.3310 range on a sharp bullish candle during yesterday's NY session as the dollar softened post-FOMC, tagging 1.3387 before easing. Price has since consolidated in the mid-1.335s, holding above EMA(20) with the pullback stalling near the 1.3340 area. RSI(14) has cooled off its post-breakout highs back toward the mid-50s.
Support: 1.3340, 1.3310, 1.3300
Resistance: 1.33753, 1.33871
What it said to watch
H1 close below 1.3340 puts a breakout retest toward the 1.3310 base in play
BoE MPC vote at 11:00 GMT and US PCE at 12:30 GMT could materially shift this read
Cable spent most of the week pinned sub-1.3300 in sub-40-pip ranges before a sharp rally spiked GBPUSD to 1.33871, breaking the range top. Price was rejected at that high and has since consolidated back around 1.3343, holding above EMA20 and EMA50. The move sits ahead of the BoE decision, with strong UK lending/PMI data so far failing to extend the pound.
Support: 1.3340, 1.3320, 1.3273
Resistance: 1.3350, 1.33871
What it said to watch
BoE rate decision, MPR and vote split at 11:00 GMT (~5h away) is the dominant catalyst and could materially shift this read
Close above 1.33871 week high would extend the breakout; failure to hold 1.3340 opens the EMA20 near 1.3320
Acceptance back below 1.3350 round level keeps price capped inside the prior range
Cable spiked ~90 pips off the 1.3278 week low into the NY session, printing a week high at 1.3387 before supply capped it and price faded back toward 1.3343. Price holds above EMA(20) and EMA(50) after the breakout, but the pullback into the 1.3341 session low shows the impulse is being retraced. This is a BoE-pricing move rather than USD-led, with the decision the dominant swing factor.
Support: 1.33415, 1.3300, 1.3278
Resistance: 1.3366, 1.33871
What it said to watch
BoE decision + MPR at 11:00 GMT today is the primary catalyst for this read
H1 close below 1.33415 exposes the 1.3300 psych level and reopens the week low
Reclaim of 1.33660 puts the 1.33871 week high back in play
Cable spent most of the week grinding sub-1.3300 before a sharp NY-session surge yesterday drove it from ~1.3288 to a week high at 1.3387, clearing the multi-day range. Price has since faded to 1.3345, with the 1.3387 high rejected and RSI(14) rolling back from stretched levels. The move reads as a repricing of BoE expectations rather than USD weakness, and the pair now sits just under the 1.3350 pivot ahead of today's decision.
Support: 1.3350, 1.3315, 1.3277
Resistance: 1.3387
What it said to watch
BoE decision, vote split and MPR at 11:00 GMT plus Bailey at 11:30 GMT can materially reset this read
H1 close back below 1.3315 EMA20 would unwind the breakout
Reclaim of 1.3387 opens the path higher; failure to hold 1.3350 keeps price capped
Cable ground sideways sub-1.3300 for most of the week before a sharp NY-hours impulse rammed price to a week high near 1.3387, reclaiming the 1.3350 pivot the market context flagged. Price has since eased back to the 38.2% retrace of that move around 1.3345, with RSI(14) cooling from overbought. The rally sits above EMA20 and EMA50, but the pullback is now testing whether the 1.3350 breakout level flips to support.
Support: 1.3340, 1.3300, 1.3277
Resistance: 1.3350, 1.3365, 1.3387
What it said to watch
BoE decision 11:00 GMT and US PCE cluster 12:30 GMT could materially shift this read
H1 close back below 1.3340 negates the breakout retest and reopens 1.3300
Reclaim of 1.3365 puts the 1.3387 week high back in play
Cable spent most of the week pinned in a 1.3277-1.3310 range before a sharp BoE-driven bid ripped it above the 1.3350 cap, spiking to 1.3387 during the decision hour. That extension has since faded, with price back near 1.3348 and printing lower highs at 1.33871 and 1.33753. Price holds above EMA20 and EMA50 after the impulse, with RSI cooling from stretched levels as the retest of the broken range top plays out.
Support: 1.3343, 1.3300, 1.32733
Resistance: 1.33753, 1.33871
What it said to watch
Failure to hold 1.33430 pullback low would question the breakout and open the 1.3300 round number
Reclaim of 1.33753 session high puts the 1.33871 spike high back in play
Bailey press tone and US Core PCE at 12:30 GMT could reshape this read within the next bars
Cable spent most of the week pinned in a 1.3273-1.3310 range before a sharp rally into the NY session lifted it clear of the 1.3300-1.3335 ceiling, printing a week high at 1.33871 on the biggest H1 volume of the window. Price has since eased to 1.33482, holding above EMA20/50 with RSI cycling off overbought. The move reads as GBP short-covering rather than USD weakness, and the breakout base at 1.33340 is the first pullback reference.
Support: 1.3334, 1.3300, 1.32733
Resistance: 1.3366, 1.33871
What it said to watch
BoE decision + MPR at 11:00 GMT and Bailey at 11:30 are the swing factor for this read
H1 close back below 1.33340 fills the breakout base and reopens the prior range
Failure to reclaim 1.33660 keeps price capped below the 1.33871 week high
Cable spent most of the week boxed in the low 1.33s, capped repeatedly near 1.3350, before a sharp rally through yesterday's NY session broke that cap and drove to a 1.3387 week high. Price has since eased back toward 1.3349, holding above EMA(20) and EMA(50) as RSI(14) cools from overbought; the former 1.3350 ceiling is now being retested from above. The weekly low sits back near 1.3277 after the earlier grind.
Support: 1.3346, 1.3300, 1.3277
Resistance: 1.3375, 1.3387
What it said to watch
BoE decision at 11:00 GMT and US Core PCE at 12:30 GMT could materially shift this read
Failure to hold the 1.3346 swing low opens a retest of the 1.3300 psych area
Reclaim of the 1.3375 spike high reopens the 1.3387 week high
Cable ground lower for most of the week into the mid-1.328s, a repricing of the BoE rather than broad USD strength, before a sharp late-session rally reclaimed 1.3350 and printed a week high near 1.3387. Price now sits above both EMA(20) and EMA(50) with RSI(14) pushed into the high 60s after the impulse. The 1.3350 prior-resistance zone flips to the first support to watch on any pullback.
Support: 1.3350, 1.3280, 1.3273
Resistance: 1.3387
What it said to watch
BoE decision and MPR at 11:00 GMT plus Bailey at 11:30 GMT can materially reset this read
US Core PCE / GDP batch at 12:30 UTC is a second-leg driver
H1 close back below 1.3350 negates the breakout and re-opens 1.3280
Rejection at the 1.3387 week high would cap the recovery
Cable ground sideways sub-1.3300 for two days near three-week lows before a sharp vertical reclaim of 1.3350 in the latest session, tagging 1.3387 with RSI(14) pushing into overbought. Price now sits above EMA20 and EMA50, both left well behind by the impulse. The move looks like early repositioning into the BoE decision rather than sustained trend, with the reclaimed 1.3350 shelf the pivot for the breakout.
Support: 1.3350, 1.3300, 1.32784
Resistance: 1.33871
What it said to watch
BoE decision and MPR at 11:00 GMT (~9h) plus Bailey at 11:30 can materially shift this read
US Core PCE at 12:30 UTC (~10.5h) a second-order driver
Failure to hold 1.3350 negates the breakout and returns price into the prior range
Cable broke out of a multi-day 1.3277–1.3305 range in the NY session, spiking to 1.3387 after the Fed held rates and unwound the hike premium that had propped the dollar. Price has since consolidated in the 1.3360s just under the session high, holding well above EMA(20) with RSI(14) elevated after the impulse. The prior range top near 1.3305 flipped to the first support reference below.
Support: 1.3350, 1.3305, 1.32733
Resistance: 1.33871
What it said to watch
BoE decision, vote split and MPR Thu 11:00 GMT is the dominant risk for this pair
US Core PCE/GDP cluster Thu 12:30 GMT could materially shift the read
A retest and hold of 1.3350 would confirm the range break; loss of 1.3305 negates it
Acceptance above 1.3387 opens the path to fresh weekly highs
01:01 UTC
Sharp shift higher off the week's lows · RSI 71 · price 1.33676
Week-long down-drift broken, new local high.
Cable ground lower through the week under a converged MA band, printing a low near 1.3277 into the NY session, before ripping higher on the Fed hold that stripped out the priced hike premium. Price spiked to 1.3387, pulled back to hold above the 1.3346 spike low, and now trades above a turning EMA(20) near 1.3310 with RSI(14) stretched around 71. The move is a clean range break from the prior 1.3280–1.3360 grind.
Support: 1.3346, 1.3310, 1.3300
Resistance: 1.33871, 1.3400
What it said to watch
BoE decision & vote split 11:00 GMT plus US Core PCE/GDP 12:30 GMT today can materially reset this read
Close back below 1.3300 negates the breakout and re-opens the week's down-drift
Acceptance above the 1.3387 spike high opens the 1.3400 round number
Cable spent most of the week pinned under 1.3300 on the softer-BoE, UK-fiscal story, then snapped higher through the range top after the Fed held at 3.75% and stretched USD longs unwound. The spike tagged 1.33871 and was rejected, but price is holding above the broken 1.3346 shelf with RSI(14) pushed into the high-60s. Breakout structure intact while 1.3346 holds.
Support: 1.3346, 1.3300, 1.32733
Resistance: 1.33871
What it said to watch
BoE decision + vote split 11:00 GMT and Bailey 11:30 GMT can materially reshape this read
US Core PCE/GDP cluster 12:30 GMT is a same-day USD catalyst
H1 close back below 1.3346 negates the breakout and re-opens 1.3300
Cable spent most of the week pinned in a 1.3278–1.3355 range before an aggressive impulse off the FOMC hold, which removed the priced hike premium and unwound stretched dollar longs, drove price to a 1.3387 session high. Price now holds above EMA20 and EMA50 for the first time this week with RSI(14) stretched near 71. The prior range top around 1.3345 is the immediate breakout reference; acceptance above it keeps the recovery intact.
Support: 1.3345, 1.3300, 1.3278
Resistance: 1.3387
What it said to watch
BoE decision, vote split and MPR Thu 11:00 GMT could sharply reset this read
US Core PCE / GDP cluster 12:30 GMT is a direct USD-side catalyst
H1 close back below 1.3345 would negate the breakout and put price back in the week range
Failure to clear 1.3387 leaves the move as a single-session spike