GBP/USD AI Live Scan, daily chart, Monday, 12 October 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.
21:03 UTC
Downtrend, stalling in a base · RSI 37 · price 1.32058
LH/LL from the Aug 21 high; 3-week range 1.3181–1.3311.
Cable has been in a downtrend since the 21 August peak at 1.3675. The 9 September lower high at 1.3568 preceded the mid-September breakdown, and price now sits below a falling EMA(50) near 1.3357. Since 23 September it has consolidated in a 1.3181–1.3311 band, with weekly highs edging lower while the range low has absorbed repeated tests, and RSI near 37 is soft but not oversold. USD strength at yearly highs, driven by oil-led haven demand and a hawkish Fed, has capped bounces despite ~90% pricing for a November BoE hike.
Support: 1.3181, 1.3140
Resistance: 1.3311, 1.3357, 1.3568
What it said to watch
Daily close below the 1.3181 range low resumes the lower-low chain and exposes the 1.3140 june low
Close above the 1.3311 range high (near the 23.6% fib) would bring the ema50 around 1.3357 into play
Only a recovery through the 1.3568 lower high and the downtrend line breaks the LH/LL sequence
US Sep CPI (Wed 14 Oct 12:30 UTC) and UK GDP (Thu 15 Oct 06:00 UTC) could materially shift this read
14:12 UTC
Downtrend from August high, basing · RSI 41 · price 1.32386
Lower highs since 21 Aug; two-week range above 3-month low.
GBP/USD has been in a downtrend since the 21 Aug peak at 1.3675. The sep high at 1.3568 and the 30 Sep lower high at 1.3311 capped rallies, and the 23 Sep break below 1.3320 extended the decline, with price now below both EMAs and EMA(50) rolling over. For the past two weeks the pair has held a range between the 3-month low at 1.3181, tested on 1 Oct and 8 Oct, and the range top at 1.3286. A firm USD on hawkish Fed pricing is offset by softer US yields, which keeps price off the lows ahead of US CPI and UK GDP.
Support: 1.3181, 1.3140
Resistance: 1.3286, 1.3311, 1.3568
What it said to watch
Daily close above the 1.3286 range top breaks the two-week range and puts the 1.3311 lower high in play
Daily close below the 1.3181 3-month low resumes the downtrend and exposes the june low at 1.3140
US CPI Wed 14 Oct 12:30 UTC and UK GDP Thu 06:00 UTC are the likely triggers for a range break
A recovery through 1.3311 brings the 38.2% retracement of the Aug-Oct decline near 1.3370 into view; the sep high at 1.3568 marks the broader lower-high structure
BoE Governor Bailey Fri 16 Oct 02:00 UTC could shift November hike pricing and the range read