Pound Sterling fell after hot US CPI
In the fifteen-minute chart, GBP/USD trades at 1.3540, maintaining a bearish intraday tone after staying below the days open at 1.3608, which now acts as overhead resistance. The Stochastic RSI hovers deep in overbought territory near 92, suggesting that the latest bounce is losing quality and that upside attempts could struggle while the pair remains capped beneath the opening print. On the topside, initial resistance is located at the day open around 1.3608, and a sustained break above this level would be needed to ease the current downside bias and allow for a more meaningful recovery. With no clear nearby support levels from moving averages or other structures in this dataset, traders may look to intraday price swings and prior session lows to gauge potential demand zones if selling pressure resumes from current levels. In the daily chart, GBP/USD trades at 1.3540, holding a modest bullish near-term bias as it extends above both the 50-day and 200-day exponential moving averages (EMAs) at 1.3482 and 1.3380 respectively. The recovery is underpinned by this reclaimed moving-average structure, while the Stochastic RSI easing back toward the midline around 50 suggests that immediate upside momentum is consolidating rather than accelerating. On the topside, the first technical reference