GBP/USD AI Live Scan, daily chart, Thursday, 23 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

Downtrend developing off July high · RSI 43 · price 1.33751

Lower high at 1.3560, sliding within a broad range.

GBPUSD has spent the last four months rotating inside a broad 1.3140–1.3660 range, and the past five sessions mark a clean rejection of the July 1.3560 high, with soft UK CPI and fiscal worries under Burnham driving the slide. Price now sits below both EMA20 and EMA50, pressing the 50-day area near 1.3383 with 1.3340 the immediate support in focus. Weekly momentum has rolled over from the June-July recovery, and RSI near 43 leaves room before oversold.

Support: 1.3340, 1.3300, 1.3140

Resistance: 1.3383, 1.3435, 1.3560

What it said to watch

  • Daily close below 1.3340 confirms a lower low and opens 1.3300 then the 8-month low near 1.3140
  • A recovery above 1.3435 prior high would neutralise the current lower-high structure
  • UK Retail Sales and flash PMIs Fri could materially shift this read

21:02 UTC

Range, near-term downside drift · RSI 44 · price 1.33751

Multi-month range, pulling back within it.

GBPUSD has held a broad 1.3140–1.3660 range since March, and price is now drifting lower within it after rejection near 1.3540 last week. A five-session slide has pushed cable below the EMA(50) (~1.3383) as June's soft CPI and UK fiscal worries weighed on sterling. The pair sits just above the 1.3340 round-number floor with RSI mid-40s, well short of oversold.

Support: 1.3340, 1.3300, 1.3140

Resistance: 1.3435, 1.3540, 1.3660

What it said to watch

  • Daily close below 1.3340 exposes 1.3300 then the 1.3140 swing low
  • Any bounce capped near the 1.3383 EMA(50) / 1.3435 resistance keeps the range intact
  • UK Retail Sales and flash PMIs Fri 24 Jul could reset this read

All markets that day · Today’s GBP/USD Live Scan in the terminal