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
Recovery off June low, within broader range · RSI 63 · price 1.34885
Higher lows since mid-June, testing 1.3500 pivot.
GBPUSD has recovered off the mid-June low near 1.3140, stringing together higher lows and reclaiming EMA20/EMA50 on D1 over the last two weeks. Price now presses the 1.3500 psych pivot after coming off seven-week highs, with the soft UK Manufacturing PMI miss (51.9 vs 52.8) and the BoE's dovish hold capping the upper end of the broader 1.3140-1.3658 range. Momentum is constructive but stalling into resistance, leaving the recovery in the upper half of the range.
Support: 1.3400, 1.3327, 1.3140
Resistance: 1.3500, 1.3555, 1.3658
What it said to watch
- A weekly close above 1.3555 opens the path toward the April high at 1.3658
- Failure at 1.3500 and a slip back through 1.3400 reasserts range-bound trade toward 1.3327
- US NFP Friday (plus ADP/ISM Services Wed) is the week's main USD catalyst and could shift this read
21:01 UTC
Broad range, recovering off July low · RSI 60 · price 1.34885
Range with a higher low; mid-range recovery.
Four-month range roughly 1.3140-1.3660, with price carving a higher low at 1.3273 in late July after the deeper June low near 1.3140. Four sessions of recovery have pushed price back to 1.3489, above both EMA20 and EMA50 on D1. GBP is off its seven-week highs after a soft Manufacturing PMI, and the BoE's dovish-hold repricing keeps rallies toward the 1.3555 resistance vulnerable to fade.
Support: 1.3400, 1.3273, 1.3140
Resistance: 1.3555, 1.3660
What it said to watch
- Sustained close above 1.3555 resistance opens more upside room
- Failure at 1.3500 and a slip back through 1.3400 round level reasserts the pullback toward the recent low at 1.3273
- USD-side catalysts (ADP Wed, NFP Fri) could materially shift this read