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 stalling below 1.3400, broader pullback intact · RSI 54 · price 1.3345
Consolidating in mid-1.33s after rejection at 1.3400.
GBPUSD ground down through April-May from the 1.3650 double top to a mid-June swing low at 1.3140, then staged a nine-session recovery that stalled and rejected at the 1.3400 pivot as an Iran/Hormuz risk-off bid revived the dollar. Price is now consolidating in the mid-1.33s, holding above the 1.3315 break level. RSI sits mid-range, with price back below EMA(50) after the rejection.
Support: 1.3315, 1.3300, 1.3140
Resistance: 1.3400, 1.3445
What it said to watch
- Daily close below 1.3315 confirms the recovery has ended, exposing 1.3300
- Reclaim of 1.3400 opens the 1.3445 layered resistance zone
- US CPI Jul 14 could reset dollar direction and this range
21:02 UTC
Recovery off June low, momentum stalling · RSI 56 · price 1.3345
Higher lows into 1.3400 cap, broad range below April high.
A nine-session rally off the June low near 1.3140 stalled at the 1.3400 rally cap and has snapped, with Cable now consolidating around 1.3345 as a risk-off USD bid revives on Iran/Hormuz headlines. Repeated daily closes have failed at 1.3400, while higher lows off the June base keep the recovery structure intact above 1.3315. Price sits back below EMA(50), leaving the pair boxed between 1.3315 support and layered resistance toward 1.3445.
Support: 1.3315, 1.3300
Resistance: 1.3400, 1.3445
What it said to watch
- Daily close above 1.3400 rally cap opens the 1.3445 layered resistance zone
- Break below 1.3315 support signals the advance has ended, with 1.3300 the bull-negation line
- US CPI Jul 14 could materially reset this read via DXY