GBP/USD AI Live Scan, daily chart, Tuesday, 23 June 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.
21:01 UTC
Downtrend, near 7-month lows · RSI 41 · price 1.3246
Lower highs and lower lows since early May.
Cable is in a clear D1 downtrend, carving lower highs and lower lows since the early-May rejection near 1.3660 and trading below both EMA20 and EMA50. A sharp mid-June breakdown from 1.3460 drove price to a fresh seven-month low at 1.3163, with GBP pinned by weak UK PMIs, political risk and a broadly firm dollar near 13-month highs. Price is now consolidating around 1.3246, holding just above the 1.3205 range floor.
Support: 1.3205, 1.3163
Resistance: 1.3275, 1.3305, 1.3461
What it said to watch
Clean D1 close below 1.3205 opens the path toward 1.3160
Recovery and close above 1.3305 would break the lower-high sequence
US core PCE Thursday is the dominant USD driver and could materially shift this read
Cable has been carving lower highs and lower lows since the early-May peak near 1.3650, and the June 16 breakdown through the 1.3300s extended the move to seven-month lows around 1.3160. Price sits below both EMA20 and EMA50 with the swing trend pointing down, pressured by soft UK PMIs, Labour leadership risk and a broadly bid dollar. The last two sessions show a shallow bounce off the 1.3205 range floor, but momentum stays soft while RSI lingers below 40.
Support: 1.3205, 1.3160
Resistance: 1.3275, 1.3305
What it said to watch
Daily close below 1.3205 opens the path toward 1.3160
Reclaim of 1.3305 would challenge the lower-high structure
US core PCE Thursday is the dominant cross-asset USD driver for cable