Higher highs and higher lows, consolidating below week high.
Cable has been on a one-way climb since Thursday's hawkish BoE surprise (6-3 vote), extending through the NY session and holding above EMA20 and EMA50 all week. The week high at 1.3488 has capped the latest push, with price stalling just beneath it into the late NY hours. RSI is cycling in the mid-50s to 60s on pullbacks, signalling a firm but cooling advance.
Support: 1.3440, 1.34173, 1.3400
Resistance: 1.34879, 1.3515
What it said to watch
H1 close below 1.3440 would break the this-week higher-low sequence
Loss of 1.3400 pivot opens deeper downside per the hawkish-unwind read
Sustained move above 1.3488 exposes the 1.3515 barrier
US ISM Manufacturing Mon 14:00 UTC could shift the USD side of this read
20:01 UTC
Uptrend, extended into week high · RSI 62 · price 1.34865
Higher highs and higher lows since Thursday.
Cable rallied hard off 1.3280 on Thursday's hawkish 6-3 BoE vote, extending through 1.3470 into NY. A pullback to 1.3400 mid-week held and buyers reclaimed it, pressing price to a fresh week high at 1.3488 with RSI(14) around 62. Price sits above EMA(20), which has tracked the higher-lows sequence as pullback support.
Support: 1.3452, 1.3418, 1.3400
Resistance: 1.3488, 1.3515
What it said to watch
H1 close below 1.3400 psych pivot confirms a lower low and the hawkish-unwind read
Break and hold above the 1.3515 barrier extends the weekly uptrend
US ISM Manufacturing Mon 14:00 UTC could shift USD-side flows into the next session
19:01 UTC
Uptrend, momentum firm · RSI 68 · price 1.34837
Higher highs, higher lows since BoE.
Cable has trended higher all week, with the leg accelerating after Thursday's hawkish BoE 6-3 hold pushed price through 1.3350 and on toward 1.3480. Friday's NY session dipped to the 1.3400 week low before demand reclaimed it and drove a fresh week high at 1.34879. Price is holding above EMA(20) with RSI(14) cycling in the 60s on each pullback.
Support: 1.3444, 1.3400, 1.3369
Resistance: 1.34879, 1.3515
What it said to watch
H1 close below 1.3444 breaks the higher-low structure
Failure to hold 1.3400 confirms a deeper pullback
Move above 1.34879 opens the 1.3515 barrier
US ISM Monday could reset the dollar side of this read
18:01 UTC
Uptrend, extended into week high · RSI 64 · price 1.34837
Higher highs, higher lows since Thursday.
GBPUSD has trended up all week, accelerating on Thursday's hawkish-tilted BoE 6-3 hold and a softer US GDP/PCE-driven dollar leg. Price pulled back into 1.3417 during NY hours before buyers reclaimed the range and pressed to a fresh week high near 1.3488, holding well above EMA20 and EMA50. RSII(14) is cycling in the low-60s, momentum intact but with the move stretched into the 1.3515 barrier.
Support: 1.34173, 1.3400
Resistance: 1.34879, 1.3515
What it said to watch
H1 close above 1.3515 opens continuation; digest flags this as the upside barrier
Failure to hold 1.3400 would break this week's higher-low sequence
US ISM Manufacturing Mon 14:00 UTC could shift the USD leg and this read
GBPUSD ran from Monday's 1.3288 base to a 1.34765 week high, the bulk of the leg coming on Thursday's hawkish-tilted BoE 6-3 hold before Bailey's balanced tone capped it. Yesterday's NY pullback probed 1.3400 — the 38.2% retrace of the week's impulse — where demand stepped in and the pair bounced back toward the week high. Price holds above EMA20 and EMA50 with RSI cycling in the mid-60s on each push.
Support: 1.3444, 1.3400
Resistance: 1.34765, 1.34725
What it said to watch
Hold above 1.3400 keeps the week's higher-low structure intact
H1 close above 1.34765 opens the path to 1.3515 barrier
US ISM Manufacturing Mon 14:00 UTC could shift the USD leg of this read
GBPUSD has trended up all week off the 1.3278 swing low, with the move accelerating on Thursday's hawkish-tilted BoE hold before Bailey's balanced press conference capped it near the 1.34765 week high. Friday's pullback to the 1.3400 pullback low held the 38.2% retrace of the impulse and buyers recovered price back above EMA20 into the NY session. Both EMAs sit below price and RSI is cycling in the mid-50s, keeping the structure intact.
Support: 1.3450, 1.3400, 1.3278
Resistance: 1.34765, 1.3515
What it said to watch
H1 close below 1.3400 breaks the higher-low sequence
Break above the 1.34765 week high exposes the 1.3515 barrier
ISM Manufacturing Mon 14:00 UTC could reprice the USD leg
GBPUSD ripped higher through Thursday's NY session on the hawkish BoE 6-3 vote and a softer USD leg after the US GDP miss, breaking from the 1.329 base to a week high at 1.34765. Since then price pulled back into the NY session, tagging 1.3400 where demand stepped in twice before the sharp recovery back toward 1.3467. Price holds above EMA20 with RSI(14) cooling from stretched levels but still north of 50.
Support: 1.3448, 1.3400, 1.3367
Resistance: 1.34765, 1.3515
What it said to watch
H1 close above 1.34765 week high reopens the path to the 1.3515 barrier
Failure to hold 1.3400 confirms a lower-low and unwinds the week's impulse
US ISM Manufacturing Mon could reshape the USD leg of this read
16:01 UTC
Uptrend, consolidating near highs · RSI 56 · price 1.34591
Higher highs, higher lows.
Cable has trended up since Monday's open, accelerating through Thursday's NY session on the BoE's hawkish 6-3 hold and broad USD weakness after the US GDP miss. Price pushed to a 1.34765 week high, then pulled back to 1.34000 into Friday's session before demand stepped in and lifted it back to 1.3459. RSI(14) is cycling in the 50s and price holds above both EMA(20) and EMA(50).
Support: 1.3400, 1.3430
Resistance: 1.34765
What it said to watch
H1 close below 1.34000 breaks the week's higher-low structure
A close above 1.34765 extends the week's range higher
ISM Manufacturing PMI Mon 14:00 UTC could drive USD-side flows and reset this read
Higher highs into 1.3476, deep pullback bought at 1.3400.
Cable ripped from the mid-1.329s on Thursday's hawkish-looking 6-3 BoE vote and suspected BoJ intervention that crushed the dollar, peaking at 1.3476 before fading through Friday. The pullback found demand at 1.3400 — the 38.2% retrace of the week's impulse and the psych level — and the last bar snapped back above the EMA20 toward 1.3459 as the USD reclaimed 100.00. RSI(14) has cycled back to neutral after dipping into the pullback low.
Support: 1.3400, 1.3448
Resistance: 1.3476, 1.3515
What it said to watch
H1 close below 1.3400 unwinds the week's higher-low structure and exposes the 61.8% fib
Reclaim of 1.3476 week high reopens the 1.3515 barrier
ISM Manufacturing Monday could reset this read via USD-side flow
15:01 UTC
Uptrend, pulling back · RSI 42 · price 1.34056
Rally rolling over off week high.
Cable surged through Thursday's NY session on broad dollar weakness after soft US GDP/PCE and suspected BoJ intervention, peaking at 1.3476 before rolling over. Price has since slipped back below the H1 EMA20 with RSI(14) cooling from overbought, and now trades at the 1.3400 round number after a two-attempt rejection near the week high. Momentum has flattened as the post-BoE hawkish premium continued to drain.
Support: 1.3400, 1.3345
Resistance: 1.3435, 1.3476
What it said to watch
Loss of 1.3400 exposes the 1.3345 prior swing
Reclaim of the 1.3435 EMA20 would ease the pullback
US ISM Manufacturing (Mon) could reset the USD-side read
14:01 UTC
Uptrend, pulling back · RSI 42 · price 1.34056
Retrace from week high after Thursday impulse.
Cable exploded higher Thursday on the hawkish 6-3 BoE hold and a soft US GDP/PCE print, slicing from the low-1.328s to a week high at 1.34765 before rolling over through Friday's NY session. Price is now unwinding that move, trading back near the 1.3400 round number with RSI cooling below 50 and price slipping under EMA(20). The 38.2% retrace of the week's rally sits right at the 1.3400 handle — an area to watch for a hold or break.
Support: 1.3400, 1.3370, 1.3343
Resistance: 1.3424, 1.34765
What it said to watch
H1 close below 1.3400 opens deeper retrace toward 1.3370
Reclaim of 1.3424 swing high re-engages the 1.3476 week high
UoM inflation expectations today could shift the USD leg of cable
Cable rallied hard through the NY session Thursday on the hawkish 6-3 BoE hold plus broad USD weakness, breaking from the low-1.330s range to a 1.3476 week high. Friday's NY hours have faded the move back below the EMA20 toward the 1.3418 session low, with RSI(14) cooling to the low-40s as USD firmed. Price still holds well above the EMA50 and the week's rally base.
Support: 1.34173, 1.3400
Resistance: 1.3450
What it said to watch
Hold of 1.3400 psych keeps the week's uptrend structure intact; a close below flags a lower low
H1 close back above the 1.3450 ema20 re-opens the 1.3476 week high
UoM sentiment / inflation expectations at 14:00 UTC could shift the USD leg of cable
13:01 UTC
Uptrend, momentum fading · RSI 42 · price 1.34207
Pullback from week high after impulse.
GBPUSD ran from the 1.3273 base to a 1.34765 week high through Thursday's NY session, powered by broad USD weakness on the soft GDP/PCE prints and suspected BoJ intervention, layered on the hawkish BoE 6-3 split. Price has since rolled back under EMA20 into 1.3420, printing lower highs and holding above EMA50, with today's low at 1.34142 the first shelf. The 1.3450 EMA20 zone now caps, and RSI has cooled toward the low-40s as the pullback extends.
Support: 1.34142, 1.3400, 1.33749
Resistance: 1.3450, 1.34765
What it said to watch
H1 close below 1.3400 opens the 50% fib at 1.3375
Reclaim of 1.3450 EMA20 area re-engages the 1.34765 high
US Chicago PMI / UoM sentiment in coming hours could shift USD tone
GBPUSD ran from the 1.3273 week low to 1.3477 on Thursday's hawkish BoE 6-3 hold and broad USD weakness after the soft US GDP/PCE prints. Since Friday's NY session the pair has slipped back below EMA20, printing lower highs and a sharp last-hour drop into 1.3417 as the USD found a hawkish-Fed bid. RSI has cooled toward 44, unwinding the overbought stretch that accompanied the rally.
Support: 1.3400, 1.32733
Resistance: 1.3450, 1.34765
What it said to watch
H1 close below 1.3400 round number confirms a deeper pullback and breaks the higher-low sequence
Reclaim of 1.3450 EMA20 would re-engage the week's uptrend toward 1.3477
US Chicago PMI and UoM sentiment/inflation expectations due within the hour could shift this read
12:01 UTC
Uptrend, momentum fading · RSI 44 · price 1.34166
Higher highs into Thursday, now pulling back from week high.
Cable ran up hard through Thursday's NY session on the hawkish BoE 6-3 vote and broad USD weakness, peaking near the 1.3476 week high before stalling. Price has since faded back under the H1 EMA20 around 1.3452 as a firmer dollar post-FOMC rebuilt, and is now leaning on the 1.3400 psych support with RSI cycling lower. Two rejections near the highs left a lower high into the London-NY transition.
Support: 1.3400, 1.3370
Resistance: 1.3452, 1.34765, 1.3515
What it said to watch
H1 close below 1.3400 psych opens the path toward 1.3370 prior break
Reclaim of EMA20 near 1.3452 needed to reassert this week's uptrend; 1.3515 barrier caps above
US ECI / UoM data today could shift USD and this read
Cable ripped higher through Thursday's NY session and into Friday on the hawkish BoE 6-3 hold, clearing into a 1.34765 week high before slipping back under EMA(20) as a firmer post-FOMC dollar capped the pop. RSI(14) has cooled from overbought into the high-40s as price consolidates between 1.34351 and the 1.34765 high. The broader uptrend structure off Thursday's 1.32784 low remains intact while price holds above EMA(50).
Support: 1.34351, 1.3400
Resistance: 1.34765, 1.3515
What it said to watch
H1 close back above 1.34765 opens the path to the 1.35150 barrier
Failure to hold 1.34351 exposes the 1.34000 psych level
US ECI/UoM data (12:30/14:00 GMT) could shift the USD tone driving this pair
GBPUSD ripped from the low-1.33s into the NY session Thursday on the hawkish 6-3 BoE hold and broad USD weakness after soft US GDP/PCE, tagging a week high at 1.34765. Since then price has faded and gone sideways sub-1.3450 as Bailey talked down tightening and the dollar found a safe-haven bid, with RSI(14) rolling off the highs while price probes the EMA20. Demand has held the 1.3435 area on the pullback so far.
Support: 1.34351, 1.3400, 1.33327
Resistance: 1.34765, 1.3515
What it said to watch
H1 close below 1.3400 confirms a lower-low and unwinds the impulse
Reclaim of 1.34765 reopens the path toward the 1.3515 barrier
US ISM/UoM data could shift the USD-side flow driving this pair
GBPUSD ripped higher through the London-NY transition Thursday on the hawkish 6-3 BoE hold, cutting from the low-1.33s to a week high at 1.34765 in a single impulse. Price has since gone sideways in a 1.3440–1.3475 band as Bailey talked down the dissent and USD found a safe-haven bid, with the last several bars printing lower highs into 1.3468. RSI has cooled back toward neutral while price hovers on the EMA20, keeping the consolidation intact above the pre-rally base.
Support: 1.3440, 1.3400
Resistance: 1.34765, 1.3515
What it said to watch
H1 close above 1.34765 reopens the path toward the 1.3515 barrier
Loss of the 1.3440 range floor exposes 1.3400 prior support
US ISM Manufacturing PMI Monday could drive the next USD-side leg
GBPUSD ripped roughly 200 pips Thursday into the NY session on the hawkish 6-3 BoE hold, amplified by broad USD softness, tagging a week high at 1.3476. Price has since consolidated in the 1.3440-1.3470 band, slipping back under EMA(20) with RSI(14) easing into the high-40s. The Thursday impulse still sits well above EMA(50); the pullback is shallow and respecting rally structure so far.
Support: 1.34351, 1.3400
What it said to watch
H1 close below 1.3435 day low opens the path toward 1.3400 key support
Reclaim of 1.3476 week high needed to resume the Thursday impulse
US ECI (12:30 UTC) and UoM inflation expectations (14:00 UTC) could shift USD-side flows
GBPUSD broke sharply higher into Thursday's NY session on the hawkish 6-3 BoE hold and a softer USD after weak US GDP/PCE, running from the low-1.33s to a 1.3476 week high. Price has since consolidated between the 1.3435 day low and that high, holding above the EMA20 near 1.3452 as Bailey's dovish tone faded the initial pop. RSI(14) has eased back to the mid-50s, cooling from overbought without breaking the up-structure.
Support: 1.3435, 1.3452, 1.3400
Resistance: 1.3476, 1.3515
What it said to watch
H1 close above 1.3476 opens the path toward the 1.3515 barrier
Loss of 1.3435 day low would confirm a lower-low and expose 1.3400 support
USD-side flows (Fed follow-through, UoM inflation expectations) the main near-term swing factor with no UK data due
GBPUSD ripped through the NY session on Wednesday-Thursday, from the 1.3273 base to a 1.34765 week high, on the hawkish 6-3 BoE hold layered onto a broadly soft USD tape. Since that top price has stalled into a tight consolidation around 1.3440-1.3475, with RSI(14) cooling from overbought as the rally loses pace. The 1.34765 week high has capped the last two probes while demand keeps stepping in above 1.3440.
Support: 1.3440, 1.3400
Resistance: 1.34765, 1.3515
What it said to watch
H1 close above 1.34765 opens the path to the 1.3515 barrier
Failure to hold 1.3440 exposes the 1.3400 psych support
US ECI and Michigan data (12:30/14:00 GMT) could shift the USD side of this read
GBPUSD ripped ~190 pips through the 1.330s into 1.3476 during Thursday's NY session on the hawkish 6-3 BoE hold, though much of the leg was USD weakness on suspected JPY intervention. Price has since stalled into an overnight consolidation between 1.3440 and the 1.3476 week high, with RSy(14) unwinding from stretched levels while price holds above EMA20 and EMA50. The 1.3440 area has held repeated tests since the peak.
Support: 1.3440, 1.34215, 1.3400
Resistance: 1.34765
What it said to watch
H1 close back below 1.3400 unwinds the breakout and the USD-driven leg
Break above 1.34765 extends the impulse; failure keeps the consolidation intact
US ECI 12:30 UTC and Chicago PMI 13:45 UTC could shift the USD side of this read
GBPUSD ripped ~200 pips through the 1.3350 breakout into Thursday's NY session on the hawkish 6-3 BoE hold and broad USD weakness, tagging a week high at 1.34765. Since then price has drifted into a tight consolidation, carving lower highs from 1.34765 and holding a 1.3440 floor, with RSI cooling back toward the mid-50s after the impulse. Price is now hovering just under EMA20 as the rally's momentum fades.
Support: 1.3440, 1.3400, 1.3365
Resistance: 1.34765, 1.3470
What it said to watch
H1 close below 1.3440 range floor exposes 1.3400 psych level
Reclaim of 1.34765 week high resumes the impulse
US ECI/Chicago PMI (12:30-13:45 UTC) could shift the USD leg driving this pair
GBPUSD tore higher through the NY session yesterday, clearing 1.3400 in a single BoE-driven impulse to a week high at 1.34758 — the hawkish 6-3 hold amplified by broad USD weakness. Price has since coiled in a 1.3440-1.3476 range with RSI cooling off from the rally, holding well above EMA(20) and EMA(50). The advance is intact but momentum has flattened as the pair digests the move just under the highs.
Support: 1.34401, 1.3435, 1.3400
Resistance: 1.34758, 1.34702
What it said to watch
H1 close above 1.34758 extends the impulse
Failure to hold 1.34401 opens a deeper pullback toward 1.3400
US ECI / Chicago PMI at 12:30-13:45 GMT could reprice the USD leg
GBPUSD ripped through 1.3450 into the NY session yesterday on the hawkish 6-3 BoE hold and a broad USD leg lower tied to suspected JPY intervention, tagging a week high at 1.34765. Momentum has since cooled: price is drifting along the EMA20 near 1.3452 and holding a tight consolidation into the Asia session, with the recent 1.3440 session low keeping the floor intact. The dominant impulse still stands above the prior 1.3400 range top.
Support: 1.34401, 1.3400, 1.3374
Resistance: 1.34519, 1.34765
What it said to watch
US ECI, Chicago PMI and UoM data today could reshape the USD leg driving this rally
Loss of the 1.3440 session low exposes the 1.3400 prior range top as the next pivot
A close back below 1.3400 unwinds the week's breakout structure
Impulsive rally into consolidation below week high.
GBPUSD ran ~1.4% off Wednesday's 1.3280 base into the 1.3476 week high, powered by the hawkish 6-3 BoE hold and broad USD weakness after the soft US GDP/PCE and suspected JPY intervention. Price has since stalled and is drifting toward the 1.3440 session low, holding above EMA20 with RSI easing back from stretched levels. The 1.34765 high has capped the pullback consolidation at the top of the week's range.
Support: 1.3440, 1.3420, 1.3379
Resistance: 1.34765, 1.3450
What it said to watch
H1 close below 1.3440 opens the 1.3420 breakout retest
Loss of 1.3420 confirms a lower-low and unwinds the impulse
US ECI / Chicago PMI today could shift the USD-driven leg
Reclaim of 1.34765 extends the uptrend
06:01 UTC
Uptrend, momentum cooling · RSI 45 · price 1.3445
Consolidating below week high after breakout.
GBPUSD ran ~150 pips off the mid-week 1.3273 base and broke through 1.3450 into yesterday's NY session on the hawkish 6-3 BoE hold, though most of the fuel was USD weakness after the soft US GDP and PCE prints. Price stalled at the 1.34765 week high and has since drifted back to 1.3445, slipping under EMA(20) while holding well above EMA(50). RSI(14) has eased from the rally highs to the mid-40s as the Asian session pares gains.
Support: 1.3442, 1.3400, 1.3350
Resistance: 1.3450, 1.34765
What it said to watch
Failure to reclaim 1.3450 keeps price capped under the post-boe high
H1 close below 1.3400 opens the retrace toward the 1.3350 pre-boe zone
US ECI / Chicago PMI today could reprice the USD-driven leg
05:02 UTC
Uptrend, momentum cooling · RSI 46 · price 1.3445
Higher highs, pulling back from week high.
GBPUSD surged through the 1.3374 base into the NY session Thursday, spiking to a 1.3476 week high after the hawkish 6-3 BoE hold and a weaker Dollar on soft US GDP/PCE and suspected JPY intervention. Price has since drifted back below 1.3450 to consolidate around 1.3445, with RSy(14) cooling off after the impulse. The advance held well above EMA(50) all week but has slipped back to the EMA(20) as the pullback matures.
Support: 1.3442, 1.3374, 1.3350
Resistance: 1.3450, 1.3476
What it said to watch
H1 close below 1.3440 opens a pullback toward the 1.3374 breakout base
reclaim of 1.3450 puts the 1.3476 week high back in play
US ECI / Chicago PMI today could reshape this USD-led move
GBPUSD spent the early week grinding lower toward 1.328 before the hawkish 6-3 BoE hold sparked a sharp NY-session leg up that broke through the 1.342 area and printed a week high at 1.34765. The digest flags most of the pop as USD weakness (soft US GDP/PCE and suspected JPY intervention) rather than clean GBP strength. Price has since eased back to hold the 1.345 handle, with RSI cooling from its overbought push as the impulse consolidates.
Support: 1.3420, 1.3380, 1.33527
Resistance: 1.34765
What it said to watch
US ECI / Chicago PMI / UoM releases today could materially shift this read
Failure to hold the 1.342 breakout opens the path back to the 1.338 pre-decision zone
H1 close above 1.34765 extends the post-BoE advance
GBPUSD accelerated through the NY session after the soft US GDP/PCE prints and the hawkish 6-3 BoE hold, running from the 1.3273 Monday low to a 1.34765 week high before easing back to 1.3449. Price holds above EMA20 and EMA50 but momentum is cooling — RSI has slipped off overbought as the last few bars carve lower highs into the high. The 1.3370 prior-swing zone marks where the breakout impulse began.
Support: 1.3435, 1.3370, 1.3350
Resistance: 1.34765
What it said to watch
US ECI 12:30 UTC and Chicago PMI/UoM later could shift this read into month-end
H1 close below 1.3435 EMA20 opens a deeper pullback toward 1.3370 breakout
GBPUSD tore higher into the NY session yesterday, clearing 1.34216 after the hawkish 6-3 BoE hold combined with broad USD weakness on soft Q2 GDP and cooler core PCE. Price is holding well above EMA(20) and EMA(50) with RSI(14) cycling in the 55-65 band; the 1.34765 week high has capped the latest push and price has eased to 1.34516 in Asia. The breakout shelf at 1.34216 remains the pivot for the this-week advance.
Support: 1.34216, 1.3369, 1.33547
Resistance: 1.34765
What it said to watch
H1 close back below 1.34216 would negate the breakout and reopen 1.33690
Break and hold above 1.34765 opens continuation of the week's rally
US ECI (12:30 UTC) and UoM inflation expectations (14:00 UTC) could shift this read
Higher highs and higher lows since Thursday's impulse.
GBPUSD ripped out of the 1.328-1.330 range on Thursday's BoE hawkish hold and broad USD weakness (Yen intervention, soft US GDP/PCE), tagging a 1.34765 week high in the NY session. Price is now consolidating just below that high through the low-volume Asia session, holding well above EMA20 with RSI(14) cooling from overbought but still above 60. The 1.34216 breakout shelf marks the base of this week's leg.
Support: 1.34527, 1.34216, 1.3415
Resistance: 1.34765, 1.3500
What it said to watch
Loss of 1.34216 breakout shelf would confirm the impulse is fading
H1 close above 1.34765 opens the path toward the 1.35000 round number
US ECI (12:30 UTC) and Chicago PMI (13:45 UTC) could shift this USD-driven move
01:01 UTC
Uptrend, consolidating near highs · RSI 62 · price 1.34598
Higher highs since Thursday rally, holding below week high.
GBPUSD accelerated ~1.5% off the 1.3273 low into Thursday, tagging a 1.3476 week high after the hawkish 6-3 BoE hold combined with broad USD weakness from soft US GDP and cooler PCE. Price has stalled just under that high through the Asia session, holding above EMA20 with RSI(14) cycling in the low-60s. The 1.3430 breakout shelf is the first area of support beneath current price.
Support: 1.3430, 1.3380, 1.3350
Resistance: 1.34765
What it said to watch
H1 close above 1.34765 opens continuation higher
Failure to hold 1.3430 signals unwind toward 1.3380
US ECI and UoM inflation expectations (12:30/14:00 GMT) are USD-led risk that could shift this read
GBPUSD broke out sharply during the FOMC/BoE aftermath, running from the low-1.328s to a week high of 1.34765 as broad USD weakness (US GDP miss, soft PCE, suspected BoJ intervention) did most of the lifting alongside the hawkish 6-3 BoE hold. Price has stalled just under 1.34765 across the last several bars, with 1.3430 — the prior day cap — now acting as the first shelf beneath. RSI(14) is elevated near 64 and rolling slightly as the impulse loses steam.
Support: 1.3430, 1.3406, 1.3351
Resistance: 1.34765, 1.3500
What it said to watch
H1 close above 1.34765 opens the path toward the 1.3500 round number
Loss of 1.3430 signals the breakout leg is fading toward the week open at 1.3351
US ECI / UoM inflation expectations today could shift this USD-led move
00:01 UTC
Uptrend, strong momentum · RSI 71 · price 1.34684
Higher highs, range breakout.
GBPUSD spent Monday–Wednesday grinding in a 1.3273–1.3350 range before a sharp NY-session leg higher yesterday took it clear of the range and up to a 1.34765 week high, with the 6-3 hawkish BoE hold and a soft US GDP/PCE print behind the move. Price now sits above a rising EMS20 near 1.3385 with RSI(14) pushed into overbought around 71. The 1.3400 round number and the 1.3346 breakout shelf mark the levels reclaimed on the impulse.
Support: 1.3400, 1.3385, 1.3346
Resistance: 1.34765, 1.3500
What it said to watch
H1 rejection at the 1.34765 week high vs a close above it opening 1.3500
Loss of the 1.3400 round number would signal the breakout is being retraced
US ECI / Chicago PMI Friday could shift the USD leg of this move