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
Broad range, mid-range recovery · RSI 53 · price 1.3455
Range 1.3140-1.3660, price mid-range.
GBPUSD has traded a broad 1.3140-1.3660 range on D1 since April, and sits mid-range after recovering off the June low. Last week's spike to 1.3556 was rejected and faded back to the 1.3450 pivot, with sterling firm earlier on easing UK political risk and full Nov BoE hike pricing but the rally stalling sub-1.3556 against a firm USD. Price holds just above a rising EMA20/50.
Support: 1.3450, 1.3330, 1.3140
Resistance: 1.3558, 1.3660
What it said to watch
- D1 close below 1.3450 pivot opens consolidation toward the 1.3330 swing low
- D1 close above 1.3558 reopens the 1.3660 April high
- UK jobs Tue 06:00 UTC and CPI Wed 06:00 UTC are the key BoE-hike tests that could reshape this read
21:02 UTC
Range, recent recovery leg · RSI 56 · price 1.3455
Rangebound, higher lows off June base.
GBPUSD has spent four months oscillating between the April high near 1.3660 and the mid-June base at 1.3140, where two lows built a double bottom before the current recovery. Sterling firmed this week on easing political risk and full November BoE hike pricing, but the rally stalled sub-1.3556 and faded back to the 1.3450 pivot. Price sits above a flattening EMA(50), keeping the read range-bound rather than trending.
Support: 1.3450, 1.3300, 1.3140
Resistance: 1.3556, 1.3590, 1.3660
What it said to watch
- Daily close above 1.3556 opens the path to 1.3590 and the 1.3660 april high
- Failure to hold the 1.3450 pivot opens consolidation back toward 1.3300
- UK jobs Tue 06:00 UTC and CPI Wed 06:00 UTC are the week's key BoE-hike tests