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
Broad range, momentum flat · RSI 49 · price 1.34329
Choppy range, pullback from 1.3558.
Cable has spent the last four-plus months chopping in a wide 1.3140–1.3643 band, with April's 1.3643 peak and June's 1.3140 trough framing the extremes. Price rejected the 1.3550 area and has closed lower four straight sessions, unwinding the June–July rally on UK fiscal jitters and dovish BoE pricing, and now sits on the 1.3400/200-dma shelf while holding just above EMA(50). Momentum is neutral with RSI near 49 — no directional conviction on the daily timeframe.
Support: 1.3403, 1.3210, 1.3140
Resistance: 1.3540, 1.3643
What it said to watch
- UK CPI Wed 06:00 UTC is the pivot for this read
- D1 close below 1.3400 200-dma exposes 1.3210 then 1.3140
- Reclaim of the 1.3540 capped wall needed to reopen 1.3643
21:02 UTC
Recovery stalling, momentum cooling · RSI 49 · price 1.34329
Rejection at 1.3550, pullback toward 200-DMA.
Recovery off the June low near 1.3140 stalled at the 1.3550 capped wall, and a fourth straight daily decline has cable back near the 200-DMA at 1.3403 amid UK fiscal jitters and dovish BoE pricing. Price still holds above EMA(20) and EMA(50) but momentum has cooled, with RSI back near neutral. The 1.3400 handle is the line keeping the multi-week recovery channel intact.
Support: 1.3403, 1.3210, 1.3140
Resistance: 1.3550
What it said to watch
- Daily close below 1.3400 exposes 1.3210 and breaks the recovery channel
- UK CPI Wed 06:00 UTC is the pivot — a hot surprise could squeeze back toward 1.3550
- Reclaim of 1.3550 needed to negate the rejection