GBP/USD AI Live Scan, daily chart, Thursday, 2 July 2026
Every read JAFX AI made on the GBP/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:02 UTC
Downtrend from April high, recovery underway · RSI 53 · price 1.3345
Lower highs since April; bounce off 1.3140 low.
Cable trended lower for four months from the mid-April high near 1.3660, bottoming at 1.3140 in late June. The last four sessions have recovered and cleared the 50/200-day EMA cluster around 1.3300 — a ceiling the market had stalled under — helped by a hawkish BoE (cuts 'off the table') and a soft US NFP headline. Price now sits at 1.3345, holding just above that prior ceiling.
Support: 1.3300, 1.3140
Resistance: 1.3437, 1.3660
What it said to watch
BoE Gov Bailey speech Fri 15:00 UTC could materially shift this read
Hold above 1.3300 keeps the recovery intact; a close back below reasserts the downtrend
A daily close above 1.3437 is needed to confirm a higher high
21:02 UTC
Corrective recovery within a broad range · RSI 54 · price 1.3345
Recovery off June low, testing prior ceiling.
GBPUSD has spent four months rangebound between 1.3140 and 1.3660, with a lower-high chain since the early-May 1.3658 peak defining a corrective decline. Price based twice near 1.3140 in mid-June and Sterling — the week's outperformer on a hawkish BoE with cuts 'off the table' — has since recovered to close at 1.3345, clearing the 1.3300 EMA ceiling from below. RSI has cycled back up to the mid-50s off an oversold June low but price still sits below a flattening EM. 50.
Support: 1.3300, 1.3140
Resistance: 1.3435
What it said to watch
Sustained hold above 1.3300 keeps the recovery toward 1.3435 in play; loss of it reopens the 1.3140 base
A D1 close above 1.3435 would confirm the first higher high since May
BoE Gov Bailey speech Fri 3 Jul 15:00 UTC is the key near-term catalyst and could materially shift this read
Lower highs since April peak, basing off late-June low.
GBPUSD has trended lower off the April/May peak near 1.3660, with the decline accelerating in mid-June to a floor at 1.3140. The last four sessions show a corrective bounce back to 1.3278, in line with the resilient-BoE carry story, but price remains below the falling EMA(50) and the overhead 50/200-day band around 1.3355. Immediate overhead sits at the 1.3300 range pivot.
Support: 1.3180, 1.3140
Resistance: 1.3300, 1.3355
What it said to watch
US NFP at 12:30 UTC today is the stated primary driver for GBPUSD into the next sessions
Daily close above the 1.3355 EMA band would challenge the lower-high structure
Failure to hold 1.3180 reopens the 1.3140 June floor
GBPUSD has been in a stepwise downtrend since the early-May high near 1.3660, printing lower highs into the late-June floor around 1.3150. The last four sessions mark a corrective bounce off that floor, with twin lows near 1.3140-1.3150 forming a base and price now reclaiming EMA20 while still capped below the falling EMA50 band near 1.3355. Overhead averages remain the ceiling on this recovery ahead of today's US NFP.
Support: 1.3180, 1.3150, 1.3140
Resistance: 1.3355
What it said to watch
US NFP at 12:30 UTC today is the main driver — could materially shift this read
Daily close above 1.3355 EMA band would break the lower-high sequence
Failure to hold 1.3180 reopens the 1.3150 june floor