GBP/USD AI Live Scan, daily chart, Monday, 20 July 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.
21:02 UTC
Recovery within multi-month range · RSI 54 · price 1.34445
Higher low off June bottom, capped near 1.3560.
Sterling has recovered off the mid-June low near 1.3140 and now trades back above both the D1 EMA(20) and EMA(50), consistent with GBP being the week's strongest major on political-stability and gilt-yield support. The early-July surge tagged 1.3558 before rejecting, and price has since drifted back to the 1.3400 round-number area, keeping the broader 1.3140–1.3660 range intact. Momentum is mid-range with RSI near 54 — the good news looks largely priced.
Support: 1.3400, 1.3260, 1.3140
Resistance: 1.3558, 1.3660
What it said to watch
Daily close above 1.3558 (july high) opens the path toward the 1.3660 spring high
Failure to hold the 1.3400 round number reopens 1.3260 swing low
UK jobs (Tue) then CPI (Wed) are HIGH-impact and could materially shift this read
21:02 UTC
Recovery off June low, momentum cooling · RSI 54 · price 1.34445
Broad range 1.3140-1.3560 over four months, holding upper half.
GBPUSD has spent four months oscillating in a 1.3140-1.3560 band; the June low near 1.3140 gave way to a steady recovery, with the pair now trading in the upper half and above both EMA(20) and EMA(50). Sterling's strength this cycle reflects the political-stability bid and ~5% gilt yields flagged in the digest, driving the pair to a one-year high near 1.3480 and a spike to 1.3558 before this week's pullback stalled around 1.3444. The rally into 1.3558 was rejected and price has drifted back toward the 1.34 support with RSI cooling to mid-range.
Support: 1.3400, 1.3320, 1.3140
Resistance: 1.3558, 1.3660
What it said to watch
UK jobs Tue 06:00 UTC and CPI Wed 06:00 UTC are HIGH-impact and could reset this read
A daily close above 1.3558 opens the path back toward the April high near 1.3660
Failure to hold 1.34 shifts focus to the 1.3320 prior low