GBP/USD AI Live Scan, daily chart, Wednesday, 29 July 2026
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
Downtrend since early-July peak · RSI 38 · price 1.32986
Lower highs, lower lows.
Cable has rolled over from the early-July 1.3558 high into a clean sequence of lower highs and lower lows, trading back below both EMA20 and EMA50 with the swing-trend filter now falling. The move reflects a repricing of the UK side — trimmed BoE tightening bets and fiscal-risk headlines pinning GBP sub-1.3300. Price is consolidating just above the 1.3250 swing support after four weeks of decline.
Support: 1.3250, 1.3140
Resistance: 1.3350, 1.3400, 1.3558
What it said to watch
BoE rate decision + MPR Thu 11:00 GMT is the dominant catalyst; a hawkish surprise could squeeze back toward 1.3350
Loss of 1.3250 support confirms continuation toward the June 1.3140 low
Daily close back above the 1.3400 ma band would break the lower-high chain
Fed backdrop tonight/Core PCE Thu could keep Cable pinned sub-1.3300
21:01 UTC
Downtrend, testing support · RSI 41 · price 1.32986
Lower highs since early-July peak.
Cable rolled over from the early-July high near 1.3558, printing a chain of lower highs and now trading below both EMA20 and EMA50 with price pinned sub-1.3300. The decline reflects a repricing of the UK side — trimmed BoE hike odds and fiscal overhang — while the Fed's in-line hold at 3.75% left the dollar backdrop firm. Price is sitting on the 61.8% retrace of the June-July advance and just above the 1.3250 support shelf.
Support: 1.3250, 1.3160
Resistance: 1.3350
What it said to watch
BoE decision + MPR Thu 11:00 GMT and Fed tonight can materially shift this read
Daily close below 1.3250 confirms a fresh lower low toward the 1.3160 June low
Daily close back above 1.3350 resistance would negate the lower-high sequence
06:18 UTC
Downtrend, lower highs since early July · RSI 38 · price 1.32836
Rolling over from range top, testing lows.
Cable spent April-June oscillating roughly 1.3140-1.3660, and has since rolled into a lower-high sequence: the early-July bounce capped at 1.3540 and price has bled back toward the 1.3273 3-week low over the last two weeks. Price sits below both EMA(20) and EMA(50) with the swing filter flattening lower — a run of strong UK data was repeatedly sold, dragging GBP/USD sub-1.3400. Demand around 1.3273 has held so far, keeping the 1.3250-1.3350 range intact for now.
Support: 1.3273, 1.3250, 1.3140
Resistance: 1.3350, 1.3400, 1.3540
What it said to watch
FOMC today (18:00 UTC) then BoE super-Thursday could materially reset this read
Daily close below 1.3273 confirms a fresh lower-low toward the 1.3250 range floor
Reclaim of 1.3400 psych level would invalidate the lower-high sequence