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.
21:02 UTC
Uptrend, momentum slowing · RSI 55 · price 1.33957
Higher highs and higher lows since late-June low, pulling back.
Cable has carved a clean higher-low sequence off the late-June washout, clearing the 1.3400 pivot and printing three-week highs, helped by a softer USD as the Iran risk premium unwinds. The 1.3451 spike was rejected and price is easing back toward 1.3390; the 1.3445 area remains the capping band on every advance. ATR near 26 pips shows a steady, non-compressed grind rather than an impulsive extension.
Support: 1.3390, 1.3360, 1.3322
Resistance: 1.3445, 1.3480
What it said to watch
- H4 close above 1.3445 opens the path to 1.3480
- Failure to hold the 1.3390 pivot risks a slide to 1.3360/1.3322
- BoE Bailey (Tue) and US CPI (Tue) could materially shift this read
21:02 UTC
Uptrend, momentum slowing · RSI 54 · price 1.33957
Higher highs and higher lows since mid-June low.
Uptrend intact off the mid-June 1.314 low, printing higher highs and higher lows; cable cleared the 200-day EMA near 1.3400 and posted three-week highs but the 1.3445 band repelled the latest push to 1.34515. ATR steady near 30 pips as price consolidates just under 1.3400, momentum flattening ahead of Tuesday's Bailey speech and US CPI.
Support: 1.3390, 1.3360, 1.3300
Resistance: 1.3400, 1.3445, 1.34515
What it said to watch
- H4 close above 1.3445 opens the path to 1.3480
- Failure to hold 1.3390 threatens the higher-low structure
- Bailey (Tue 20:00 UTC) and US CPI Tue could materially shift this read