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
Sideways after June-July recovery · RSI 54 · price 1.34262
Higher lows into a capped range.
GBPUSD carved a June low at 1.3140 and has recovered in higher lows since, but the advance has stalled inside the 1.3400–1.3475 band, with the July push rejecting near the 1.3495 recent high. The BoE's hold at 3.75% and Bailey's push-back on hikes capped sterling, and price now sits mid-range at 1.3426 with EMA(50) flattening beneath it. Direction is effectively outsourced to Friday's US NFP.
Support: 1.3400, 1.3288, 1.3140
Resistance: 1.3475, 1.3495, 1.3555
What it said to watch
- US NFP Friday is the dominant driver and can break the 1.3400–1.3475 range
- D1 close above the 1.3475 range cap opens the 1.3555 pivot
- Loss of the 1.3400 range floor exposes the 1.3288 swing low
21:01 UTC
Sideways, recovering off June low · RSI 53 · price 1.34262
Range below 1.3475 after rebound from 1.3140.
GBPUSD recovered from the mid-June low near 1.3140, climbing back above EMA(50) on D1 through July and tagging a 1.3495 swing high late in the month. Price has since stalled in a 1.3400–1.3475 band over the last two weeks, capped under that swing high. BoE's hold at 3.75% and Bailey's dovish push-back have left sterling range-bound, with direction deferred to Friday's US NFP.
Support: 1.3400, 1.3288, 1.3140
Resistance: 1.3475, 1.3495, 1.3506
What it said to watch
- Daily close above the 1.3475 range cap opens the 1.3506 pivot then 1.3555
- Failure to hold the 1.3400 range floor exposes 1.3385 and the 1.3288 swing low
- US NFP Friday is the dominant D1 driver and could break the range either way