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 low, capped sub-1.3445 · RSI 55 · price 1.33863
Broad range, higher lows since mid-June.
GBPUSD has traded a broad 1.3140–1.3657 band over the last four months, peaking in early April before sliding to the June low near 1.3140. Price has carved higher lows since mid-June and reclaimed EMA20, but the recovery has stalled below the 1.3445 stall zone as a firm safe-haven USD offsets GBP's BoE-hike repricing. Price sits just under EMA50, keeping the read range-bound rather than cleanly trending.
Support: 1.3320, 1.3210, 1.3140
Resistance: 1.3445, 1.3520, 1.3657
What it said to watch
- A daily close above 1.3445 opens the path toward 1.3520
- Failure to hold 1.3320 range floor confirms a lower low toward 1.3210
- BoE Gov Bailey speech and Thu UK GDP could materially shift this read
21:02 UTC
Recovering off June low, stalling below 1.3445 · RSI 56 · price 1.33863
Higher lows since mid-June within a broad 1.3140-1.3657 band.
Cable is roughly six weeks into a recovery off the mid-June low near 1.3140, reclaiming its short-term EMAs and printing a chain of higher lows. The advance stalled last week just shy of 1.3445 as a firm safe-haven USD capped the move, leaving price consolidating around 1.3386 near the midpoint of the April-June decline. The broader picture remains a wide 1.3140-1.3657 band with no fresh higher high yet.
Support: 1.3320, 1.3140
Resistance: 1.3445, 1.3480, 1.3657
What it said to watch
- Daily close above 1.3445 opens the path toward 1.3480
- Failure to hold 1.3320 reopens the June low at 1.3140
- BoE Gov Bailey speech Tue 20:00 UTC could materially shift this read