GBP/USD AI Live Scan, 1-hour chart, Sunday, 20 September 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
Downtrend on the week, stabilising off the lows · RSI 57 · price 1.33887
Lower highs from 1.3500 into a 1.3339-1.3398 base.
The week's dominant move was a step-down from 1.3500 to 1.33353, with the sharpest legs arriving in the NY sessions after the hawkish Fed hike to 4.00% was set against the BoE's 6-3 hold. Since Friday's London session price has carved a base between the week low and 1.33978, with the Friday retail sales beat producing a pop that was largely given back; the Asia session has opened with a small weekend gap lower into 1.33831 before reclaiming 1.3388. Price now sits just above both EMA(20) near 1.3375 and EMA(50) near 1.3385, with RSI(14) recovering into the mid-50s from Friday's lows.
Support: 1.3375, 1.3339, 1.33353
Resistance: 1.33978, 1.34042, 1.3435
What it said to watch
Hourly close above the 1.33978 friday high and then the 1.34042 prior high would end the sequence of lower highs; the 1.3435 supply cap is the next reference above
Loss of the 1.3339 asc support and the 1.33353 week low would confirm continuation of the downtrend toward 1.3300
Failure to hold EMA(20) at 1.3375 would put the base back in the lower half of its 1.3339-1.3398 range
UK flash PMIs Wed 08:30 GMT and US flash PMIs Wed 13:45 GMT are the week's main catalysts and could reset this range read
Sequence of lower highs into a 1.3335 double bottom, price now back above EMA20.
The week ran one way: from Monday's 1.3504 open, two vertical legs — the hawkish Fed hike mid-week and the BoE hold that followed — pushed GBPUSD to seven-week lows at 1.3335 during the NY session. Friday's UK retail sales beat fuelled a grinding recovery through London and NY back to the 1.3398 friday high, leaving a double bottom at the week low and price holding above the EMA20 at ~1.3375. The new week has opened quietly just under that Friday high with RSI(14) near 57, mid-range rather than extended.
Support: 1.3375, 1.3335, 1.3300
Resistance: 1.3398, 1.3406, 1.3435
What it said to watch
Hourly close above 1.3398 friday high, then 1.3406 prior high, would extend the recovery off the week low
Failure to hold the ema20 near 1.3375 puts the 1.3335 week low and the 1.3300 round number back in play
Loss of 1.3335 invalidates the double bottom read
1.3435 resist zone is the area to monitor for rejection on any further upside
UK and US flash PMIs Wednesday are the week's main catalysts and could reset this structure
Lower highs into 1.3335 base, price back above EMA20.
The week opened near 1.3500 and sold off in two distinct legs — the hawkish Fed hike and then the BoE hold — leaving a chain of lower highs from 1.3497 through 1.3406 and a week low at 1.3335. The final six hours of trade reclaimed the EMA20 and pushed to 1.3398 after the big UK retail sales beat, with RSI(14) lifting to ~61 while price held a double bottom against Thursday's 1.3336 low. Supply capping near 1.3435 remains the upper boundary of the week's decline, and the bounce is still inside the broader downtrend channel.
Support: 1.3372, 1.3335, 1.3300
Resistance: 1.3398, 1.3404, 1.3435
What it said to watch
Hourly close above the 1.3404 prior high would break the week's lower-highs sequence
Loss of the 1.3335 week low re-opens the 1.3300 psych level
Failure to hold the EMA20 near 1.3372 puts the corrective bounce back into the range base
UK and US flash PMIs Wed are the week's main catalysts and could reset this structure