Intraday Analysis 14.08.2026

USDJPY trying to recover

The dollar kept the pressure on the yen as prices try to recover the 500 pips caused by the intervention of the Bank of Japan.

• The pair has risen over 200 pips in recent sessions.
• A bullish mood means that pullbacks have been opportunities for the buy side to stake in.
• The greenback found relief after breaking through the 159.00 level, as 160.75 becomes the next target.
• On the downside, 157.30 is the first support as the RSI ventures into overbought territory.

GBPUSD breaks higher

Cable hits another wave higher as GDP data moved away from negative territory.

• A slight dip in momentum led to the pair finding support at the 1.3480 region.
• Sterling still has an edge from the daily chart’s perspective.
• The brief support-turned-resistance of 1.3540 is the level to lift before cable can continue its uptrend.
• Otherwise, a dent in support could cause a sell-off towards 1.3380.

UK 100 (FTSE 100)  choppy downswing

The FTSE 100 fails to find direction as the chart shows a series of familiar downtrends.

• A slip below the previous low of 10800 has put the bulls on the defensive.
• The latest downtick has come under pressure as 10760 becomes the next target for sellers.
• On the flip side, 10840 is the last chance for buyers to prevent a deep correction, with hopes of a test towards 10920.
  

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