Every read JAFX AI made on the GBP/USD weekly chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
07:58 UTC
Uptrend stalled, corrective pullback · RSI 44 · price 1.31944
Range-bound, lower highs since Q1.
Strong multi-quarter uptrend from 1.2191 in Q1 2025 into the 1.3869 peak in Q1 2026; since then price has gone range-bound and is now working the lower half, holding below both weekly EMAs. At 1.3194 the market is pinned near the 1.3097-1.3010 floor that defines the range base, with lower highs capping progress near 1.3355. The move looks corrective within the larger uptrend rather than a completed reversal.
Support: 1.3097, 1.3010, 1.3000
Resistance: 1.3355, 1.3869
What it said to watch
- US NFP at 12:30 UTC today could materially shift this weekly read
- Weekly close below 1.3010 confirms a lower low and range-base break
- Reclaim of 1.3355 needed to negate the corrective tone
07:58 UTC
Macro uptrend, corrective pullback · RSI 42 · price 1.31944
Range within larger uptrend, testing lower half.
The 2025 advance from 1.2100 topped near 1.3870 in Q1 2026 and price has since drifted into a corrective range, now sitting on the 0.382 retracement of that whole leg around 1.3190. Price trades below both the W1 EMA20 and EMA50, and recent weeks show lower highs capping near the 1.3355 average band while 1.3150 has held as the floor. A hawkish-BoE carry story underpins GBP, but a firm USD into today's US NFP keeps the pair pinned in the lower range.
Support: 1.3150, 1.3010
Resistance: 1.3355
What it said to watch
- Weekly close below 1.3150 confirms a lower low and opens the 1.3010 area
- Reclaim of the 1.3355 EMA band needed to reassert the upper range
- US NFP today is the swing factor and could materially shift this read