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
Recovering off June lows, capped below 1.3445 · RSI 56 · price 1.33957
Higher lows since mid-June, testing prior range top.
Cable has clawed back from the mid-June washout near 1.3140, printing a chain of higher lows and reclaiming the EMA(50) on D1 as BoE hike-by-year-end pricing firmed. The advance stalls into the 1.3445 band that has repelled prior attempts, with the wider April-June downswing only ~half retraced. US CPI Tuesday and Bailey's speech are the near-term structural pivots.
Support: 1.3300, 1.3140
Resistance: 1.3445, 1.3658
What it said to watch
- Daily close above 1.3445 opens the path toward the April high near 1.3658
- Failure to hold 1.3300 threatens the higher-low structure back toward the June low
- US CPI (Tue) and BoE Bailey (Tue) could materially shift this read
21:02 UTC
Recovering off June low, capped below 1.3445 · RSI 57 · price 1.33957
Higher lows since mid-June after May-June decline.
Cable declined from the early-May 1.3640 high to a mid-June washout near 1.3140, then reversed into a chain of higher lows and now trades back above the EMA(50). The recovery has stalled just under the 1.3445 cap, with price consolidating in the 1.3390-1.3450 band over the last few sessions as markets fully price a BoE hike by year-end. Momentum is constructive but not stretched — RSI in the mid-50s leaves room in either direction.
Support: 1.3300, 1.3220, 1.3140
Resistance: 1.3445, 1.3510, 1.3640
What it said to watch
- Daily close above 1.3445 opens the path to 1.3510
- Failure to hold 1.3300 exposes 1.3220 and negates the higher-low sequence
- BoE Bailey (Tue) and US CPI (Tue) could materially reset this read