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
Range-bound, recovering toward range top · RSI 60 · price 1.34668
Consolidating below 1.3500 after June base.
GBPUSD is trading a broad 1.31-1.35 range that has framed the last three months, with price now recovering off the June low near 1.3140 and pressing the 1.3500 cap that has repeatedly stalled rallies. The late-July reclaim of the moving-average band held, and price sits above both EMA20 and EMA50 with RSI mid-cycle, reflecting USD softness after back-to-back weak US jobs data. Sterling itself is quiet with no BoE until September, leaving the pair a passenger to USD flow.
Support: 1.3410, 1.3385, 1.3140
Resistance: 1.3500, 1.3555
What it said to watch
- US NFP Friday 12:30 UTC is the dominant catalyst and could break this range either way
- Daily close above 1.3500 cap opens the 1.3555 zone
- Failure to hold 1.3410 range low exposes the 1.3385 pivot
21:02 UTC
Range regime, mild upward drift · RSI 57 · price 1.34668
Consolidating below 1.3500 cap.
GBPUSD sits in a multi-week range regime, capped repeatedly at the 1.3500 round number and holding above the EMA band it reclaimed late last week on fading Fed-hike bets after soft US jobs data. Price has recovered off the late-July 1.3273 low but stalls short of the 1.3559 early-July swing high, keeping the broad 1.31–1.35 band intact. RSI mid-range at ~57 confirms no directional conviction into the payrolls print.
Support: 1.3410, 1.3385, 1.3192
Resistance: 1.3500, 1.3559
What it said to watch
- US NFP (Fri 12:30 UTC) is the dominant catalyst — a firm print pressures GBPUSD back toward 1.3410/1.3385 support
- A daily close above 1.3500 opens the path to the 1.3559 swing high
- Failure to hold 1.3410 confirms rotation back toward the range floor