Every read JAFX AI made on the GBP/USD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:01 UTC
Recovery, momentum building · RSI 66 · price 1.34909
Higher lows off late-July base, pressing barrier.
Cable has recovered from the late-July base near 1.3273, breaking back above the 1.3400 pivot after the BoE 6-3 hawkish-dissent spike and a softer USD post-FOMC. Price is now pressing the 1.3515 barrier, which coincides with the 78.6% retrace of the 1.3558-1.3273 decline. ATR(14) is expanding as the move extends, with price holding above both EMA20 and EMA50.
Support: 1.3400, 1.32733
Resistance: 1.3515, 1.3558
What it said to watch
- H4 close above 1.3515 revives the uptrend toward the 1.3558 prior high
- Failure to hold 1.3400 pivot reopens the base toward 1.3273
- ISM Manufacturing Mon 14:00 UTC could shift the USD side of this read
21:01 UTC
Recovery off base, momentum building · RSI 65 · price 1.34909
Higher low base, reclaimed 1.3400.
Cable carved a double-bottom base near 1.3273-1.3280 through late month before Thursday's hawkish BoE 6-3 vote sparked the sharp rally back through 1.3400, extended by post-FOMC USD softness after the Q2 GDP miss. Price now sits mid-way between the 1.3400 pivot and the 1.3515 barrier, having recovered above both EMAs. ATR is expanding as the move stretches, but 1.3515 caps the prior swing structure.
Support: 1.3400, 1.3280, 1.3273
Resistance: 1.3515, 1.3558
What it said to watch
- H4 close above 1.3515 barrier revives the broader uptrend and targets the 1.3558 prior high
- Failure to hold 1.3400 pivot confirms the hawkish-BoE unwind and reopens the 1.3280 base
- US ISM Manufacturing Mon 14:00 UTC could materially shift the USD side of this read