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.
21:01 UTC
Broad range, no clear trend · RSI 47 · price 1.34038
Ranging between 1.3158 and 1.3658, higher June low.
GBPUSD has carved a broad range since the early-February top, swinging between the March low near 1.3158 and the early-May high at 1.3658. Price slipped from those May highs to a June low at 1.3306 — a higher low versus March — and is now bouncing, pinned at the 200-day SMA near 1.3415 with RSI neutral around 47. A prior swing low at 1.3216 marks the mid-range floor.
Support: 1.3306, 1.3216, 1.3158
Resistance: 1.3415, 1.3465, 1.3658
What it said to watch
- Daily close above the 200-day SMA at 1.3415 opens the 1.3465 UOB cap then 1.3658
- Failure to hold the 1.3306 June low risks a range break toward 1.3216
- UK CPI (Wed) and FOMC (Wed) are the week's key catalysts and could reset this range read
21:01 UTC
Broad range, no clear trend · RSI 48 · price 1.34038
Range-bound, pinned at 200-day SMA.
Cable has spent the last three months trapped in a 1.3300–1.3650 range with no sustained directional bias, drifting lower off the early-May 1.3653 high. Price is now pinned at the 200-day SMA near 1.3415, having bounced off the 1.3306 low last week as US-Iran risk-on and sticky UK inflation expectations underpin GBP. RSI sits mid-range and price holds below both EMA20 and EMA50, keeping the read neutral into Wednesday's UK CPI and FOMC.
Support: 1.3306, 1.3300, 1.3186
Resistance: 1.3415, 1.3465, 1.3653
What it said to watch
- Sustained D1 close above 1.3415 (200-dma) opens 1.3465
- Failure to hold 1.3300 confirms a lower-low toward 1.3186
- UK CPI (Wed Jun 17) and FOMC same day are the key catalysts for this range