Every read JAFX AI made on the GBP/USD weekly chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
19:02 UTC
Multi-quarter uptrend, correcting lower · RSI 46 · price 1.32455
Pullback to EMA50 after lower highs off the yearly high.
Multi-quarter uptrend ran from the Jan-2025 low at 1.2099 to the Jan-2026 yearly high at 1.3869; price has since corrected into a series of lower highs and now sits back around the W1 EMA(50). USD at a 13-month high after the hawkish Warsh Fed is pinning cable, with the latest bar rejecting 1.3460 and closing near the swing low at 1.3205. RSI is mid-range, holding no weekly extreme.
Support: 1.3205, 1.3010, 1.3000
Resistance: 1.3460, 1.3650, 1.3869
What it said to watch
- Weekly close below 1.3010 nov low breaks the long-base support and exposes the 1.30 psych level
- Reclaim of 1.3650 multi-mo high needed to neutralise the lower-high sequence
- UK PMIs Tue and Core PCE Thu could materially shift this read
19:01 UTC
Uptrend stalled, range-bound · RSI 51 · price 1.32455
Broad range 1.31-1.38, price under EMA50.
After rallying from the early-2025 low at 1.2099 to the January 2026 yearly high at 1.3869, cable has been range-bound between roughly 1.31 and 1.38 for several quarters. Price now sits below both the W1 EMA(20) and EMA(50), and the latest week printed a bearish rejection back toward the range floor as USD trades at a 13-month high and UK political risk weighs. RSI(14) is mid-range near 51, offering no W1 extreme.
Support: 1.3100, 1.3000
Resistance: 1.3650, 1.3770, 1.3869
What it said to watch
- Weekly close below 1.3100 range floor opens 1.3000 and the 1.2940 projection
- Weekly close back above 1.3650 supply needed to neutralise the bearish rejection
- UK Services PMI Tue could shift the near-term range read