21:01 UTC
Sideways, momentum flat · RSI 48 · price 1.33669
Broad range below the April high, choppy recovery off June low.
Cable topped near 1.361 in April, slid to the 1.316 June low, then recovered in a choppy fashion into July before stalling in the mid-1.33s. Sterling firmed on the hawkish BoE hold (three hike dissents) but the topside is capped by a resurgent USD after the Fed's hawkish hold, leaving price pinned below the 1.3405 weekly high and above the 1.3273 swing low. Price sits fractionally under both EMA20 and EMA50 with RSI near midline — a balanced, range-bound read over the last several sessions.
Support: 1.3273, 1.3160
Resistance: 1.3405, 1.3560
What it said to watch
- Daily close above 1.3405 weekly high would extend the recovery toward 1.356 july high
- Failure to hold 1.3273 swing low reopens the 1.316 june low
- BoJ Friday and US ECI/labour data are the near-term USD-leg swing factors for cable