Intraday Analysis - Friday, August 14

By David Kindley of Orbex

Leading FX Broker • Aug 14, 2026 at 4:10 AM EDT

USDJPY rallies toward 160.75 as the dollar recovers from the Bank of Japan’s intervention.

USDJPY trying to recover

• USDJPY chart showing recovery above 159.00 with resistance at 160.75 and support at 157.30.

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

• GBPUSD chart showing a bullish move above 1.3540 with support at 1.3480 and downside risk toward 1.3380.

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

• FTSE 100 chart showing a downswing below 10800 with support at 10760 and resistance at 10840.

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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