GBP/USD AI Live Scan, 1-hour chart, Thursday, 28 May 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.
23:00 UTC
Downtrend, base forming · RSI 48 · price 1.34425
Lower highs into 1.3370 swing low, bounce stalling at 1.3450.
Cable spent the week grinding lower from Monday's 1.3509 high, with the NY session yesterday breaking 1.3420 to print a 1.3368 swing low. Soft US PCE this afternoon drove a recovery off 1.3389, reclaiming EMA20 and tagging 1.3450 before stalling, leaving a tentative double bottom against the week low. RSI(14) cycling back to 48 from oversold matches the bounce but momentum is yet to reclaim the prior pivot at 1.3489.
Support: 1.3417, 1.3368, 1.3400
Resistance: 1.3451, 1.3489, 1.3509
What it said to watch
Hourly close above 1.3451 session high opens path back to 1.3489 prior pivot
Loss of 1.3417 swing low reopens 1.3368 week low
Iran/Hormuz headlines remain a tape risk for USD into Asia
22:00 UTC
Downtrend, attempting base · RSI 49 · price 1.34425
Lower highs into 1.3370 swing low, bounce in progress.
Cable trended lower from the 1.3509 week high since Monday's London session, accelerating into Thursday's NY session where price tagged 1.3368 before a softer US PCE print pressured the dollar and sparked a recovery back to 1.3450. Price is now consolidating just above EMA(20) with RSI(14) lifting off oversold, having printed a mild bullish divergence into the 1.3368 low. The 1.3451 session high caps the bounce; structure remains lower-high until that level breaks.
Support: 1.3417, 1.3368, 1.3395
Resistance: 1.3451, 1.3489, 1.3509
What it said to watch
H1 close above 1.3451 session high opens path to 1.3489 prior high
Failure to hold 1.3417 swing low re-exposes the 1.3368 week low
Iran/US ceasefire MOU headlines remain a binary dollar risk
21:00 UTC
Downtrend, snap-back from lows · RSI 52 · price 1.34389
Lower highs since Monday, sharp recovery off 1.3367.
GBPUSD sold from the 1.3508 week high through Wednesday's NY session, bottoming at 1.3367 on the US-Iran ceasefire headlines that briefly hit the dollar before reversing. The bounce into the late NY session reclaimed EMA20 and stalled at the 1.3450 session high, leaving a falling wedge on the H1 with RSI(14) lifting from oversold into the mid-50s — a bullish divergence against the new low. Structure on the week remains lower highs, so the snap-back is corrective until proven otherwise.
Support: 1.3437, 1.3367, 1.3300
Resistance: 1.3450, 1.3508, 1.3506
What it said to watch
Hourly close above 1.3450 session high opens room back to the 1.3508 prior swing
Failure to hold 1.3437 intraday base re-exposes the 1.3367 week low
Tokyo CPI in the Asia session could shift broad USD tone and bleed into cable
Lower highs since 1.3509 peak, holding above 1.3367 swing low.
Cable peaked at 1.3509 mid-week and has since unwound the entire move, with a sharp NY-session flush yesterday into 1.3367 on the back of headlines around the US-Iran ceasefire MOU and hawkish Musalem comments. Price has since reclaimed 1.3400 and printed a double bottom near 1.3367, bouncing into the 1.3450 area where supply has capped two attempts in the last 6 hours. RSI on the recovery shows mild bullish divergence against the lower low, but EMA50 sits overhead near 1.3460 and is acting as a cap.
Support: 1.34172, 1.33683, 1.33972
Resistance: 1.34508, 1.34893, 1.3509
What it said to watch
H1 close above 1.34508 session high opens path back to 1.34893 prior high
Loss of 1.34172 swing low re-exposes 1.33683 week low
Further Fed hawkish commentary or Trump approval of US-Iran MOU could shift this read
19:00 UTC
Pullback within broader uptrend, recovering from flush · RSI 53 · price 1.34445
Lower-high into sharp flush, sharp reclaim back into prior range.
Price drove from 1.3509 week high down to a 1.3368 swing low before reclaiming most of the move into the NY session, helped by US-Iran ceasefire headlines pressuring the dollar. The recovery has stalled just under 1.3451, with EMA20 reclaimed but EMA50 still overhead, leaving structure as a sharp V off the flush base rather than a confirmed trend resumption. RSI has cycled from oversold back to neutral mid-50s, matching the snap-back rather than fresh momentum.
Support: 1.3432, 1.3407, 1.3368
Resistance: 1.3451, 1.3489, 1.3509
What it said to watch
hourly close above 1.3451 session high opens path back to 1.3489 prior range
rejection at session high and loss of 1.3432 intraday low re-exposes the 1.3407 flush base
break of 1.3368 swing low invalidates the recovery read
further US-Iran ceasefire confirmation or denial could materially shift dollar tone
Lower-high after week-high rejection, sharp bounce off 1.3367.
Price pulled back from the week high at 1.3509 through the NY session yesterday, accelerating lower into the London open today and washing into 1.3367 before reversing on the US-Iran ceasefire MoU headlines. The recovery off the swing low has reclaimed EMA(20) and is now testing the prior high at 1.3451, with RSI(14) cycling back through 55. Structure on this window is a sharp pullback within the broader weekly uptrend, with buyers stepping in twice around 1.3370.
Support: 1.3432, 1.3397, 1.3367
Resistance: 1.3451, 1.3490, 1.3509
What it said to watch
H1 close above 1.3451 prior high opens path back to 1.3490 supply
Failure to hold 1.3432 intraday base reopens 1.3367 week low
Trump approval / rejection of Iran MoU could materially shift this read
Lower highs since Tuesday peak, range bottom defended.
Cable spent the week grinding lower from the 1.3509 high on Tuesday through a series of lower highs, with Thursday's NY session sweeping 1.3368 before reversing sharply on headlines that the US and Iran agreed a 60-day ceasefire MOU. Price has reclaimed the EMA20 and pushed back toward 1.3450, leaving a bullish RSI divergence at the swing low. The Musalem hawkish-Fed commentary capped the rebound near the prior shelf at 1.3469.
Support: 1.3432, 1.3417, 1.3368
Resistance: 1.3451, 1.3469, 1.3509
What it said to watch
Hourly close above 1.3469 prior shelf would break the lower-high sequence
Failure to hold 1.3432 session low reopens 1.3368 week low
Trump approval (or rejection) of the US-Iran MOU could materially shift this read
Lower-high after 1.3509 peak, sweep of 1.3368 then snapback.
Price spiked to 1.3509 mid-week before rolling over through EMA(20) and sweeping 1.3368 into NY hours, then snapping back over 1.3430 on US-Iran deal headlines and a softer USD. The recovery has reclaimed EMA(20) and broken the descending sequence of lower highs from 1.3489, with RSI(14) lifting off oversold into the mid-50s — a bullish divergence against the sweep low. Prior high at 1.3451 is the immediate pivot, with 1.3489 capping the wider pullback structure.
Support: 1.3417, 1.3367, 1.3395
Resistance: 1.3451, 1.3489, 1.3509
What it said to watch
Hourly close above 1.3451 prior high would extend the snapback toward 1.3489 lower high
Failure to hold 1.3417 swing low reopens the 1.3367 sweep low
Fed commentary (Musalem hawkish tone) and US-Iran deal confirmation are the active drivers of USD direction
Cable has rolled over from the 1.3509 week high, with selling intensifying through Wednesday's NY session and yesterday's London hours, bottoming at 1.3368 after the soft US Q1 GDP revision failed to support the Pound. Price has since clawed back above 1.3400 with RSI lifting off oversold, and a mild bullish divergence formed on the second low. Bounce now testing 1.3428 session high; broader structure of lower highs remains intact below 1.3456.
Support: 1.33683, 1.3389, 1.3400
Resistance: 1.34278, 1.3456, 1.3509
What it said to watch
H1 close back below 1.3389 swing low reopens week low test
Reclaim of 1.3456 prior swing would break the lower-high sequence
Sustained move above 1.3428 session high needed to extend the bounce
14:00 UTC
Downtrend off mid-week high, attempting base · RSI 48 · price 1.34234
Lower highs and lower lows since 1.3509 peak, current bounce off 1.3368.
Cable peaked at 1.3509 mid-week and has since carved a clean sequence of lower highs and lower lows, with NY-hour selling yesterday accelerating the move into 1.3368 on the back of softer-than-expected US Q1 GDP and a hot durable goods print. Price swept that week low and is now reclaiming 1.3420, with RSI(14) showing bullish divergence against the lower low. EMA(20) at 1.3458 sits overhead and has capped every pullback since the breakdown.
Support: 1.3398, 1.3368, 1.3434
Resistance: 1.3425, 1.3458, 1.3490
What it said to watch
H1 close above ema20 at 1.3458 would neutralise the lower-high structure
Failure to hold 1.3398 reopens the 1.3368 week low
Loss of 1.3368 confirms continuation of the downtrend
Cable has trended lower since posting the week high at 1.3489 on Tuesday's NY session, carving out a clear sequence of lower highs into Thursday's London hours where the swing low at 1.3368 was hit on the soft Core PCE / strong durable goods mix. The subsequent recovery off that week low has lifted price back to 1.3406 but stalled into the EMA20, leaving the pair pinned between a reclaimed swing low and intraday supply.
Support: 1.3368, 1.3389, 1.3397
Resistance: 1.3411, 1.3446, 1.3489
What it said to watch
Hourly close back above EMA20 near 1.3411 would weaken the downtrend read
Loss of 1.3368 week low extends the lower-high sequence
Headline risk from Middle East / Hormuz could override structure
GBPUSD has traded a clear lower-high sequence from Tuesday's 1.3509 week high, with the decisive break occurring during yesterday's NY session through 1.3435. Price tagged a week low at 1.3368 in the Asia session before a shallow bounce stalled at 1.3410, leaving spot pinned below both EMA20 and EMA50 on H1. RSI has lifted off the lows while price holds above 1.3389, a mild bullish divergence, but structure remains heavy ahead of US core PCE.
Support: 1.33683, 1.3389
Resistance: 1.34095, 1.34356, 1.3509
What it said to watch
Hourly close back above 1.3435 would neutralise the NY breakdown
Loss of 1.3368 week low extends the lower-low sequence
US core PCE at 12:30 GMT could materially shift this read
Cable has rolled over from this week's 1.3508 high, with the NY session flushing through 1.3400 and printing a session low at 1.3368 before a shallow bounce. Price is trading below both EMA(20) and EMA(50) on H1, and the recovery into 1.3395 has stalled just under the EMA(20) at 1.3410, keeping the lower-high sequence intact. RSI has lifted off oversold while price held above the prior low, a mild bullish divergence, but the structural read remains heavy until the EMA(20) is reclaimed.
Support: 1.3368, 1.3340
Resistance: 1.3410, 1.3450, 1.3490
What it said to watch
Hourly close back above 1.3410 ema20 would neutralise the lower-high sequence
Loss of 1.3368 session low opens the 1.3340 psych level
Headline risk from ongoing Iran/Hormuz strikes could shift the read intrabar
10:00 UTC
Downtrend, attempting base after sharp drop · RSI 41 · price 1.34024
Lower highs since week peak, recent flush then bounce.
Price has been grinding lower since the 1.3509 week peak set during Tuesday's NY session, with each London session printing a lower high. The flush through 1.33972 into 1.33683 came on yesterday's NY close, coinciding with the headlines on US strikes near Hormuz, before buyers reclaimed 1.34 in the Asia-to-London transition. Currently consolidating just under the 1.34114 session high with RSI(14) recovering off oversold but still below 50.
Support: 1.33683, 1.33972
Resistance: 1.34114, 1.34327, 1.34578
What it said to watch
Hourly close back above 1.34327 prior swing would neutralise the lower-high sequence
Failure to hold 1.33972 swing low reopens the 1.33683 week low
Further Middle East escalation headlines could drive risk-off flows and override the structural read
09:00 UTC
Rolling over from week highs · RSI 38 · price 1.34031
Lower highs into a fresh weekly low, bounce in progress.
Cable topped at 1.3509 mid-week and has since carved a sequence of lower highs, accelerating lower through the NY session as Middle East headlines drove a USD bid and price broke the 1.3456 shelf to print a fresh week low at 1.3368. The current hour is a corrective bounce back to 1.3403, still well below EMA20 and EMA50 with RSI(14) recovering from oversold into the high 30s. Structure remains heavy while price holds beneath the 1.3420 EMA20 and broken-shelf zone.
Support: 1.3368, 1.3398, 1.3416
Resistance: 1.3420, 1.3456, 1.3509
What it said to watch
H1 close back above 1.3456 broken shelf would neutralise the lower-highs read
Loss of 1.3368 week low extends the breakout lower
Further US-Iran escalation headlines remain the dominant driver and could override structure
Cable has rolled over from Tuesday's 1.3509 week high, printing successive lower highs through the NY session yesterday and sweeping the 1.3400 round number into Asia at 1.3368. The rebound back to 1.3407 is unwinding oversold conditions but price remains below both EMA(20) and EMA(50), with the broader read still corrective as Middle East risk supports the dollar. RSI has lifted off the lows showing mild positive divergence against the 1.3368 sweep.
Support: 1.33683, 1.3400, 1.3350
Resistance: 1.3417, 1.3449, 1.3509
What it said to watch
Hourly close back above 1.3417 prior swing would neutralise the lower-high sequence
Failure to hold 1.3368 session low extends the move toward the 1.3350 psych zone
Further Iran-related headlines could re-accelerate the dollar bid
Cable rolled over from Tuesday's 1.3509 week high and has stair-stepped lower through the NY and Asia sessions, with the latest hour breaking the 1.3397 shelf to print a fresh 1.3367 session low on safe-haven USD bid tied to US-Iran headlines. Price sits well below both EMA(20) and EMA(50), and RSI(14) has pushed into the high-20s, confirming momentum rather than exhausting it. Bounces into the 1.3413 prior swing or 1.3450 EMA(20) area are the structural pivots that would need to cap for the lower-high sequence to remain intact.
Support: 1.3368, 1.3340
Resistance: 1.3413, 1.3450, 1.3509
What it said to watch
H1 close back above 1.3413 prior swing neutralises the breakout lower
Sustained trade under 1.3368 session low opens 1.3340 psych
Reclaim of 1.3450 EMA(20) would break the lower-high sequence
Ongoing US-Iran headline risk could amplify USD safe-haven moves
Cable peaked at 1.3508 in Tuesday's NY session and has carved a clean sequence of lower highs since, accelerating lower through yesterday's NY hours on safe-haven USD flows tied to US-Iran tensions. The break below 1.3400 psych in the latest session has extended into 1.3368, with price now well below both EMA20 and EMA50 and RSI(14) deeply oversold at 22. Momentum is one-way for now; any bounce into 1.3400–1.3445 is the area to watch for rejection or reclaim.
Support: 1.3368, 1.3340, 1.3300
Resistance: 1.3445, 1.3490, 1.3508
What it said to watch
H1 close back above 1.3445 prior support would neutralise the lower-high sequence
Continued acceptance below 1.3368 session low opens the path toward 1.3340 and the 1.3300 round number
Further escalation in US-Iran headlines could sustain the safe-haven USD bid
Cable has rolled from the 1.3509 week high in a stair-step of lower highs, accelerating through 1.3400 in the latest hour to print a fresh session low at 1.3368 on safe-haven USD bid tied to US-Iran tensions. Price trades well below EMA20 and EMA50 with RSI(14) deep in oversold near 21, signalling exhaustion risk but no reversal evidence yet.
Support: 1.33682, 1.3350
Resistance: 1.34014, 1.3429, 1.3456
What it said to watch
H1 close back above 1.3400 would soften the breakout read
Reclaim of 1.34290 ema20 needed to neutralise lower-high sequence
Further escalation in US-Iran headlines could extend USD safe-haven flows
GBPUSD has rolled over from the 1.3509 week high into a clean H1 downtrend, with each NY session this week selling rallies into a falling EMA20. The break of the 1.3434 swing on the back of US-Iran safe-haven USD bid accelerated price through 1.3400 into the Asian session, and RSI(14) is pressing oversold at 28. Price is sitting on session low 1.3397 with no constructive base yet.
Support: 1.3397, 1.3434, 1.3350
Resistance: 1.3450, 1.3496, 1.3509
What it said to watch
H1 close back above 1.3450 broken shelf would invalidate the lower-high sequence
Loss of 1.3397 session low opens path toward 1.3350 psych
Oversold RSI raises odds of a corrective bounce into 1.3450–1.3496 ema20 zone
Ongoing US-Iran headlines remain the dominant USD driver
03:00 UTC
Downtrend developing after midweek high · RSI 28 · price 1.33995
Lower highs and lower lows since 1.3509 peak.
Cable topped at 1.3509 during Tuesday's NY session and has rolled over in three legs, with the latest break through 1.3430 support extending the move to a fresh session low at 1.3397. Price is well below both EMAs and RSI is into oversold near 28, but no reversal signal yet — each bounce has been sold. The slide picked up pace in Asia after the PBOC fix and softer risk tone.
Support: 1.3397, 1.3417, 1.3434
Resistance: 1.3430, 1.3456, 1.3509
What it said to watch
Hourly close back above 1.3430 broken support would neutralise the lower-high sequence
Sustained trade below 1.3397 session low opens the path toward 1.3360 area
Reclaim of EMA20 near 1.3456 needed to challenge the week high at 1.3509
Price has rolled over from the 1.3509 weekly high posted earlier in the week, printing successive lower highs through the NY session yesterday and extending the slide into Asia with a fresh session low at 1.34093. RSI(14) sits near 32 with momentum still pointing down, and price trades below both EMA(20) and EMA(50) on H1.
Support: 1.34093, 1.3390
Resistance: 1.3429, 1.3446, 1.3458
What it said to watch
Hourly close back above the ema20 near 1.3446 would neutralise the lower-high sequence
Loss of the 1.34093 session low opens room toward the 1.3390 psych handle
Bailey commentary risk this week could shift the sterling read
01:00 UTC
Pullback within broader uptrend · RSI 34 · price 1.34158
Lower highs since week peak, testing range floor.
Cable rallied to a week high near 1.3509 into Tuesday's NY session before rolling over, with Wednesday delivering a clean break below the 1.3440 shelf and now probing 1.3416. Price sits below both EMA20 and EMA50 on H1 with RSI in the mid-30s, confirming the pullback leg, though no bullish divergence yet at the session low. The 1.3414–1.3420 zone is the immediate area to watch for rejection or break.
Support: 1.34141, 1.34163, 1.3398
Resistance: 1.3432, 1.34578, 1.3509
What it said to watch
H1 close below 1.3414 opens path toward the 1.34 psych handle
Reclaim of 1.3432 intraday cap would neutralise the lower-highs sequence
BoE Bailey commentary flagged in news flow could materially shift this read
Lower highs since 1.3509, holding above 1.3417 swing low.
Cable peaked at 1.3509 during NY hours mid-week and has stair-stepped lower since, printing a sharp leg down through 1.3457 yesterday's NY session that broke the prior shelf. Price found a base at the 1.3417 swing low and has since drifted sideways into Asia, with RSI(14) lifting off 30 while price held — a mild bullish divergence — but pullbacks are capping under the EMA(20) near 1.3434.
Support: 1.34172, 1.3400
Resistance: 1.3434, 1.34578, 1.3509
What it said to watch
H1 close back above the EMA20 near 1.3434 would neutralise the lower-high sequence
Loss of 1.3417 swing low opens the path toward the 1.3400 round number
Bailey remarks flagged by sterling desks as this week's main GBP risk