GBP/USD AI Live Scan, 1-hour chart, Thursday, 29 October 2026
Every read JAFX AI made on the GBP/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:02 UTC
Turned up from mid-week low, momentum strong · RSI 70 · price 1.33809
Higher lows since Wed double bottom; 1.3338 cap broken.
Cable sold off from Monday's 1.3387 week high through Wednesday's London open, then put in a double bottom at 1.3272. The Fed hold lifted it back to the 1.3338 prior cap, which held twice before Thursday's NY session. After the US GDP/PCE data, price broke out through 1.3365, with GBP absorbing a hot GDP beat on priced BoE hike bets. Price is now pressing the week high with RSI(14) near 70, and the pullback low at 1.3360 and EMA(20) near 1.3350 are the first layers beneath.
Support: 1.3360, 1.3350, 1.3338
Resistance: 1.3387, 1.3400
What it said to watch
H1 close above the 1.3387 week high clears Monday's opening levels and exposes the 1.3400 round number
Slip back below the 1.3360 pullback low and EMA(20) brings the 1.3338 prior cap (near the 38.2% of the Wed–Thu rally) into play as a retest
Close back below 1.3338 would mark the breakout as a false break and return price to the mid-week range
Higher-low trendline from Wednesday's double bottom (near 1.3307 now) underpins the recovery structure
US ECI (Fri 12:30 UTC, f/c 0.8%) and Daly/Musalem (16:00/16:30 UTC) could materially shift this read
Cable slid through London and NY sessions Monday to Wednesday into a 1.3272 week low, then turned higher on the Fed hold and printed a higher low at 1.3296 Thursday. The NY session broke the 1.3338 prior cap, which had held at the Fed-day high and the pre-data high, as the BoE-hike bid outweighed the US GDP beat. Price is back above the week open at 1.3373 and just under the 1.3387 week high, with RSI(14) near 68 and the ema20 rising toward 1.3350.
Support: 1.3373, 1.3350, 1.3338
Resistance: 1.3387, 1.3400
What it said to watch
H1 close above the 1.3387 week high clears this week's range top and puts the 1.3400 round number in play
Slip back below the 1.3338 prior cap would turn the breakout into a false break and return price to the Wed–Thu range
Pullbacks holding the ema20 near 1.3350 keep the higher-low line from the week low intact
US ECI at 12:30 UTC Fri, then Daly and Musalem, could materially shift this read
Cable slid from Monday's 1.3387 week high to 1.3272 at Wednesday's London open. The post-Fed bounce then set a higher low at 1.3296 on Thursday, and the 1.3338 prior cap, which had stopped both the Fed spike and the pre-GDP push, gave way during NY hours as the BoE-hike bid outweighed the US GDP beat. Price is back above the weekly open and EMA(20) with RSI(14) near 68, and the 38.2% fib of the recovery sits at the 1.3338 prior cap.
Support: 1.3370, 1.3338, 1.3296
Resistance: 1.3387, 1.3400
What it said to watch
H1 close back below the 1.3338 prior cap would turn the breakout into a false break
A close above the 1.3387 week high clears the week's range and puts the 1.3400 round number in play
Loss of the 1.3296 higher low would break the higher-lows trendline and revive the midweek downtrend
Holding the weekly open at 1.3370 keeps the NY session breakout intact
US ECI Q3 at 12:30 UTC Fri, followed by Fed's Daly and Musalem, could materially shift this read
Higher lows since Wednesday, broke above 1.3338 cap.
Cable opened the week near 1.3370, printed the week high at 1.3387 in Monday's Asia session, then slid to a 1.3272 week low during London hours on Wednesday, where a double bottom formed. The breakout level at 1.3338 capped the post-Fed spike and again around the US GDP release, but the NY session on Thursday broke through it and ran to a 1.3380 Thursday high as the BoE-hike bid absorbed the GDP beat. Price has since eased to 1.3364 and is holding above EMA(20) near 1.3343, with RSI(14) cooling from the low 70s and higher lows intact.
Support: 1.3338, 1.3326, 1.3272
Resistance: 1.3380, 1.3387
What it said to watch
H1 close back below the 1.3338 breakout level would turn Thursday's move into a false break and expose the 50% fib of the Wed-Thu rally near 1.3326
Close above the 1.3387 week high clears the 1.3365/1.3385 resistance band flagged in the macro digest
Loss of the higher-lows trendline from the week low (~1.3305 now) reopens 1.3272
US ECI Q3 Fri 12:30 UTC (f/c 0.8%) and Fed's Daly/Musalem later Friday could materially shift this read
Cable opened the week near 1.3370 and printed the week high at 1.3387 in Monday's Asian session. It then slid through the Monday–Tuesday London and NY sessions to 1.3272 early Wednesday. Thursday's higher low at 1.3296 held, and the NY-session data window lifted price through the 1.3338 Wed high to the 1.3380 Thu high, with the BoE-hike bid absorbing the US GDP beat. The latest bars show a shallow NY pullback toward 1.3360. Price is holding above EMA(20) near 1.3340, which sits alongside the Wed high and the 38.2% retracement of the Wed–Thu rally fib, and RSI(14) has eased back to around 61.
Support: 1.3360, 1.3338, 1.3296
Resistance: 1.3380, 1.3387
What it said to watch
Failure to hold the 1.3360 NY pullback low exposes the 1.3338 Wed high and EMA(20) zone as the first test of the breakout
H1 close back below 1.3338 Wed high puts the breakout in doubt and opens the 50% fib near 1.3326
Break of the higher lows trendline and the 1.3296 Thu low would undo the midweek recovery structure
Sustained trade above the 1.3380 Thu high and 1.3387 week high would fully retrace Monday's sell-off
US Q3 ECI Fri 12:30 UTC, then Fed's Daly and Musalem, could materially shift this read
18:03 UTC
Recovery from midweek low, back at weekly open · RSI 69 · price 1.33688
Higher lows since Wednesday; Thursday range broken to upside.
The Monday–Wednesday slide in London hours, a run of lower highs from the 1.3387 week high to 1.3272, has been unwound, with higher lows since Wednesday's low and a 1.3296–1.3338 range built after the Fed. Thursday's NY session broke above the 1.3338 prior cap after the US data dump, with the soft GDP deflator and the income and spending misses outweighing the growth beat. That carried price to a 1.3380 Thursday high and back to the 1.3370 weekly open. Price sits about 30 pips above EMA(20), which is rising toward the prior cap, while RSI(14) has eased to 69 from 73.
Support: 1.3362, 1.3338, 1.3296
Resistance: 1.3370, 1.3380, 1.3387
What it said to watch
H1 close back below the 1.3338 prior cap (EMA20 and 38.2% fib area) would turn the range break into a false break
Failure to hold the 1.3362 pullback low exposes the 1.3338 prior cap retest
Close above 1.3387 week high completes a full retrace of the week's decline
Loss of the rising line along Wednesday's higher lows and Thursday's low near 1.3296 would negate the recovery structure
US ECI (12:30 UTC Fri) and Chicago PMI (13:45 UTC), then Fed's Daly and Musalem late Friday, could materially shift this read
Higher lows since Wed; Wed–Thu range broken higher.
Cable opened the week near 1.3370 and set the 1.3387 week high in Monday's Asia session. It then slid into Wednesday's London open to a 1.3272 week low before buyers stepped in after the Fed hold in NY hours. Thursday's NY session broke the 1.3338 prior high that had capped the Wed–Thu range, with GBP resilient despite the US GDP beat and the BoE-hike bid offsetting it. The move tagged a 1.3380 ny high; price holds above EMA(20) near 1.3333 with RSI(14) around 68, and the 38.2% recovery fib sits on the prior high.
Support: 1.3338, 1.3296, 1.3272
Resistance: 1.3380, 1.3387, 1.3400
What it said to watch
Hourly closes back below the 1.3338 prior high would mark the breakout as a false break and reopen the range down to the 1.3296 thu low
Close above the 1.3387 week high retraces the entire week's decline and puts the 1.3400 round number in view
Break of the 1.3272 week low invalidates the higher-lows read from Wednesday
US ECI (Fri 12:30 UTC) and Daly/Musalem Fedspeak could materially shift this read
V-shaped recovery; Thursday range top at 1.3338 broken during NY session.
Cable printed its week high at 1.3387 in Monday's Asia session, then sold off through London and NY hours to a 1.3272 low in Wednesday's London session. It recovered after the Fed hold and built higher lows at 1.3296 and 1.3301. In the first hours of NY today, price broke the 1.3338 prior cap that had held two attempts, even after the US GDP beat, as the BoE-hike bid offset the data. Price is now back at the 1.3370 weekly open, about 87% retraced of the week's decline, with RSI(14) near 69 and price well clear of both EMAs.
Support: 1.3370, 1.3338, 1.3296
Resistance: 1.3387, 1.3400
What it said to watch
A pullback that holds 1.3338 confirms the prior cap as a retest; a close back below it marks a false break
An H1 close above the 1.3387 week high clears the week's decline and puts the 1.3400 round number in play
Loss of the higher-lows line toward the 1.3296 higher low would undo the recovery structure
Friday's ECI at 12:30 UTC and Daly/Musalem at 16:00/16:30 UTC could materially shift this read
Higher lows since Wednesday's low; 1.3338 prior cap broken in NY.
Monday's 1.3387 week high, set in the Asia session, gave way to a three-day slide to 1.3272 into Wednesday's London open. Higher lows have formed since, through the FOMC swing and today's post-data dip to 1.3301. The 1.3338 prior cap held twice, at the FOMC reaction and the US GDP/PCE release, before a NY-session leg cleared it to a 1.3359 day high; in-line core PCE and a sharp GDP price-index miss offset the growth beat for the USD. Price holds above the EMA20 near 1.3324 with RSI(14) ~64, having retraced about 73% of the week's decline toward the 78.6% fib at 1.3363 and the 1.3370 weekly open.
Support: 1.3338, 1.3324, 1.3301
Resistance: 1.3359, 1.3370, 1.3387
What it said to watch
An hourly close back below the 1.3338 prior cap would mark the breakout as a false break
Rejection at the 1.3359 day high or the 1.3363 78.6% fib keeps the move a retracement of the week's decline
Acceptance above the 1.3370 weekly open opens a test of the 1.3387 week high
A break of the higher lows line near 1.3301 restores the week's downtrend structure
US ECI (Fri 12:30 UTC, f/c 0.8%) and Daly/Musalem remarks could materially shift this read
Lower highs Mon–Wed, then 1.3296–1.3338 range with higher lows since Wed.
Cable slid from the weekly open near 1.3370 and Monday's Asia high at 1.3387 to a 1.3272 week low early Wednesday, with London and NY sessions both extending the lower-high sequence. The Fed's hawkish hold sparked a late-Wednesday rebound to 1.3338. Thursday has held a 1.3296–1.3338 range, with the range top rejected again in the NY open after the GDP beat and in-line core PCE. Price is pinned to the EMA(20) near 1.3320, RSI(14) sits around 54 and higher lows are building off Wednesday's trough, a neutral read just below the 61.8% fib of the week's drop at 1.3343.
Support: 1.3320, 1.3296, 1.3272
Resistance: 1.3338, 1.3343, 1.3370
What it said to watch
H1 close above the 1.3338 range top and the 1.3343 fib 61.8% opens the path toward the 1.3370 weekly open
Failure to hold the 1.3296 thu low breaks the higher lows line and exposes the 1.3272 week low
ECB decision and Lagarde today, then US ECI Fri 12:30 UTC, could materially shift this read
Repeated H1 closes back below the ema20 at 1.3320 would mark the rebound as fading inside the range
13:02 UTC
Rebound from week low, stalling below FOMC high · RSI 49 · price 1.3318
Higher lows since Wednesday; range 1.3296–1.3338 capped by a double high.
Cable slid from Monday's 1.3387 week high to a 1.3272 week low at Wednesday's London open, and the double bottom there was cleared by the rally after the Fed's hawkish hold and Warsh's cautious presser. Since then price has held a 1.3296–1.3338 range. The bar carrying the 12:30 GMT US PCE/GDP release spiked to retest the 1.3338 FOMC high and was rejected back to 1.3318, between the 50% and 61.8% retracement of the week decline. Price now sits on EMA(20), RSI(14) is flat near 49, and higher lows since Wednesday still hold along a rising trendline above today's low.
Support: 1.3296, 1.3272
Resistance: 1.3338, 1.3370, 1.3387
What it said to watch
H1 close above the 1.3338 FOMC high breaks the range top and opens the 1.3370 week open, then the 1.3387 week high
A break below today's low at 1.3296 also breaks the higher lows trendline and brings the 1.3272 week low back into view
US PCE/GDP actuals are still pending, and the ECB decision is due today; either could materially shift this read
Lower highs from 1.3387 to 1.3272, then compression between rising lows and a 1.3338 cap.
Cable slid from Monday's 1.3387 week high to the 1.3272 week low by Wednesday's London open, a run of lower highs as USD demand built. The Fed's split-vote hold sparked a rebound to the 1.3338 post-Fed high, which stalled below the 61.8% retracement of the week's decline. Since then price has compressed between lower highs near 1.3333–1.3338 and a rising higher-low line. Thursday's London dip to 1.3296 was bought back, and price now hugs the EMA(20) with RSI(14) flat near 51.
Support: 1.3319, 1.3296, 1.3272
Resistance: 1.3338, 1.3370, 1.3387
What it said to watch
US Q3 GDP and core PCE at 12:30 UTC could materially shift this read and break the compression
H1 close above the 1.3338 post-Fed high clears the lower-highs line and opens the path to the 1.3370 weekly open and 1.3387 week high
Failure to hold the 1.3296 higher low breaks the rising-lows structure and exposes the 1.3272 week low
Repeated closes below the EMA(20) near 1.3319 would show the rebound losing traction inside the range
Lower highs from Monday's 1.3387 top; post-Fed compression between 1.3296 and 1.3338.
Cable has traded lower from Monday's 1.3387 high, below the 1.3370 weekly open, with London sessions driving each leg down into Wednesday's 1.3272 week low. The Fed's hawkish hold lifted price to the 1.3338 fed high, but the rebound stalled just above the 50% fib of the week's drop at 1.3330. Since then H1 has compressed between post-Fed lower highs and a rising higher-lows line, sitting just above EMA(20) with RSI(14) near 52 after a London dip to the 1.3296 today low was bought back despite soft BoE credit data.
Support: 1.3318, 1.3296, 1.3272
Resistance: 1.3330, 1.3338, 1.3370
What it said to watch
US core PCE and Q3 GDP at 12:30 UTC, plus the ECB decision, could break the post-Fed compression either way
Hourly close above the 1.3338 fed high and 50% fib opens the path toward the 1.3370 weekly open
Failure to hold the 1.3296 today low and the higher-lows line exposes the 1.3272 week low
Sustained trade back below ema20 near 1.3318 would put price back under the post-Fed midpoint
Lower highs since the Fed spike, compressing above the week low.
GBPUSD gave back Monday's push to the 1.3387 week high in a three-day slide, mostly during London and NY hours, and bottomed at the 1.3272 week low early in Wednesday's London session. The Fed's split-vote hold sparked a rebound that stalled at the 1.3338 post-Fed high, just shy of the 61.8% fib of the week's drop. Post-Fed lower highs have since pushed price back below EMA(20) near 1.3316, RSI(14) has slipped to the mid-40s, and today's low at 1.3296 is the floor of the range into US data.
Support: 1.3296, 1.3288, 1.3272
Resistance: 1.3316, 1.3338, 1.3387
What it said to watch
US core PCE and Q3 GDP at 12:30 UTC (~2.5h), plus today's ECB decision, could materially shift this read
H1 close below today's low at 1.3296 exposes the 1.3288 fed-bar low and the 1.3272 week low
H1 close above the 1.3338 post-Fed high breaks the lower-high sequence and reopens the 1.3387 week high
Repeated failure to reclaim EMA(20) at 1.3316 keeps the lower-highs structure intact
Lower highs since the Fed high, range 1.3303–1.3338.
GBPUSD has slid from Monday's 1.3387 week high, with the main legs coming during London on Monday and Tuesday into a 1.3272 week low early Wednesday. The Fed's hawkish-tilted hold sparked a NY rebound to a 1.3338 fed high near the 50–61.8% retracement of the week's decline, but USD demand returned in Asia and London met rejection near 1.3330. That leaves a run of lower highs since the Fed high, with price just under the ema20 (~1.3314) and holding above the 1.3303 day low, which has absorbed three tests today; RSI(14) sits mid-range near 44.
Support: 1.3303, 1.3272
Resistance: 1.3314, 1.3338, 1.3387
What it said to watch
US core PCE and Q3 GDP at 12:30 GMT (~3.5h; core PCE f/c 3.1% YoY) could materially shift this read
H1 close below the 1.3303 day low exposes the 1.3272 week low
H1 close above the 1.3338 fed high breaks the lower highs and opens the 1.3387 week high
ECB decision today adds a second event-risk window for USD crosses
Higher lows off the week low, capped below the Fed high.
GBPUSD bled lower from the 1.3370 weekly open through Monday–Wednesday, with London sessions driving each leg, and printed a week low at 1.3272 early Wednesday. The Fed's split hold and lack of a December steer triggered a late-NY rebound to the 1.3338 Fed high, which capped Thursday's Asia attempt at 1.3336. Dips since have held the 50% retracement near the 1.3303 Thursday low, and London open lifted price back above EMA(20) around 1.3319, keeping a sequence of higher lows intact.
Support: 1.3319, 1.3303, 1.3272
Resistance: 1.3338, 1.3359, 1.3370
What it said to watch
US core PCE and Q3 GDP at 12:30 GMT could materially shift this read
H1 close above the 1.3338 Fed high opens the 1.3359 prior high and the weekly open
Failure to hold the 1.3303 Thu low and 50% retracement breaks the higher-low trendline and exposes the week low
ECB decision today may add cross-driven volatility to sterling
Lower highs since Monday; Fed rebound capped below 1.3340, retracing toward its midpoint.
Cable has printed lower highs since Monday's 1.3387 peak, with the London and NY opens driving the slide to a 1.3272 week low on Wednesday as USD firmed into the FOMC. The split-vote Fed hold sparked a 66-pip rebound to the 1.3338 fed high, but Asia's push stalled just below it and selling into London has pulled price back under the ema20 near 1.3314, toward the 50% fib of the bounce. RSI(14) at 48 sits mid-range, with USD demand reviving on oil-driven inflation worries.
Support: 1.33025, 1.32976, 1.32723
Resistance: 1.33138, 1.33384, 1.33697
What it said to watch
US core PCE and Q3 GDP at 12:30 UTC today could materially shift this read
Failure to hold the 1.3303 day low and the fib 61.8 near 1.3298 exposes the 1.3272 week low
H1 close back above the ema20 and the 1.3338 fed high breaks the lower highs sequence, with the 1.3370 weekly open next above
Lower highs from week high; higher lows off week low testing rising trendline.
GBPUSD slid from Monday's 1.3387 week high, just above the 1.3370 week open, to a 1.3272 week low by Wednesday's London open. Each leg lower came during London hours as Budget caution and firm US data lifted the USD. The Fed's split-vote hold sparked an NY-session rebound to a 1.3338 Fed high, which stalled between the 50% and 61.8% retracement of the week's decline. Renewed USD demand in the Asia session has since pulled price back onto converged EMA(20)/EMA(50) near 1.3314, and the rising trendline from the week low is under test, with RSI(14) flat near 49.
Support: 1.3303, 1.3288, 1.3272
Resistance: 1.3338, 1.3370, 1.3387
What it said to watch
US core PCE and GDP at 12:30 UTC (~6.5h) could materially shift this read; the digest frames a print above the 3.1% forecast as USD-supportive and a soft print as room to unwind Fed hike bets
H1 close below the 1.3303 asia low breaks the rising trendline and exposes the 1.3288 fed low
Failure to hold the 1.3272 week low confirms a lower-low and resumes the week's downtrend
H1 close above the 1.3338 fed high clears the 61.8% retracement and opens the 1.3370 week open, then the 1.3387 week high
Lower highs Mon–Wed to 1.3272, lower-high line broken, now ranging 1.3303–1.3338.
Cable slid from Monday's week high at 1.3387, through the weekly open near 1.3370, to a week low at 1.3272 during Wednesday's London session. The Fed's hold with two hike dissents and Warsh's 'tightening is working' remark lifted price through the lower-high line to a fomc high at 1.3338 during NY hours. That high stalled between the 50% and 61.8% retracement of the week's decline. Asia then held a higher low at 1.3303 as the USD was re-bid, and price is now pinned just above the ema20 near 1.3315 and EMA(50), with RSI(14) near 56.
Support: 1.3315, 1.3303, 1.3272
Resistance: 1.3338, 1.3370, 1.3387
What it said to watch
US core PCE and Q3 GDP at 12:30 GMT (~7.5h) could materially shift this read
H1 close above the fomc high at 1.3338 and the 61.8% at 1.3343 reclaims broken 1.3340 support and opens the weekly open at 1.3370
Sustained trade below the ema20 shifts focus to the asia low at 1.3303; failure there breaks the rebound line and exposes the week low at 1.3272
A move back above the week high at 1.3387 would void the week's lower-high sequence