💷

GBP/USD

Bullish

1.35 USD ▼ -0.02%

Analysis from Aug 14, 2026, 8:29 PM

1.3535 tests multi-year range top; break and close above 1.3600 opens 2022 swing high near 1.3750.

1.3535 holds above 2025 breakout zone — EUR/USD +0.4% confirms broad USD softness driving cable higher.

Main Risk

USD reversal on strong US data

Surprise US retail sales beat could reignite USD buying, forcing cable back below 1.3400.

Full analysis with price ladder, scenarios & outlook in the app. Get the App

Price Ladder

Hard Stop: 1.33 — Break of 200-day MA ~1.3280 invalidates bull structure and signals trend reversal.

Support 2: 1.33 — 200-day MA

Support 1: 1.34 — Round number / Aug consolidation base

Resistance 1: 1.36 — Key round number / range top

Resistance 2: 1.38 — 2022 swing high

Bull Target 1: 1.36 — Round number resistance

Bull Target 2: 1.38 — 2022 swing high

🔒

Full analysis in the app

Unlock now

Scenarios

🐻 USD Rebound Stalls Cable

Dollar recovery pushes cable to 200-day MA at 1.3280, then 1.3050 if support fails.

🐂 Cable Breaks to 2022 Highs

1.3600 cleared on USD weakness; 2022 swing high at 1.3750 becomes next structural target.

🔒

Full analysis in the app

Unlock now

Macro Drivers

Fed rate pause / USD softness — DXY trending lower as Fed holds rates; EUR/USD +0.4% today confirms broad dollar weakness.

BoE policy divergence — BoE cutting gradually but above Fed pace expectations, keeping GBP rate advantage intact.

Gold at 4,372 / risk-on tone — Gold +0.5% and S&P flat near 7,780 signal risk appetite supportive of high-beta GBP.

UK growth vs US slowdown — Relative UK resilience narrows the growth gap with the US, reducing GBP downside pressure.

UK-EU trade normalisation — Post-Brexit trade reset reduces structural GBP discount embedded since 2016 referendum.

🔒

Full analysis in the app

Unlock now

Key Dates & TradingBrief View

📅 UK CPI release — next major UK inflation print

📅 BoE MPC meeting minutes — late Aug 2026

📅 US FOMC July minutes — mid-Aug 2026

📅 UK GDP Q2 preliminary — late Aug 2026

📅 US PCE inflation print — end of Aug 2026

Cautiously Bullish — Hold / add longs above 1.3400; target 1.3600 first, then 1.3750 on confirmed break.

Broad USD softness and BoE divergence support cable; 1.3600 break is the key confirmation trigger.

🔒

Full analysis in the app

Unlock now

View all past GBP/USD analyses →