GBP/USD AI Live Scan, 4-hour chart, Thursday, 12 November 2026
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.
22:01 UTC
Downtrend, oversold · RSI 28 · price 1.3237
Lower highs and lower lows since 1.3503 high.
Cable has printed lower highs (1.3503, then 1.3459) and lower lows since the late-October peak. Tuesday's hot US CPI broke the 1.3342 swing and then the prior low at 1.3272, leaving a fresh swing low near 1.3221 with the 1.3200 psych level just below. EMA20 (1.3312) has crossed under EMA50 (1.3355) and both slope lower; RSI at 28.4 is oversold with no bullish divergence yet, while ATR holds steady near 29 pips, so the move is extending rather than compressing.
Support: 1.3221, 1.3200
Resistance: 1.3272, 1.3312, 1.3355
What it said to watch
US PPI Fri 13:30 UTC (core YoY f/c 5%) and Williams tonight could materially shift this read
H4 close below the 1.3200 psych level extends the lower-low sequence beyond the 1.3221 swing low
Recovery back above the prior low at 1.3272 and the ema20 at 1.3312 would mark the break as stalling
H4 close above the ema50 at 1.3355 and the lower-highs trendline invalidates the downtrend read
18:01 UTC
Downtrend, oversold and extending · RSI 25 · price 1.32244
Lower highs from 1.3503, lower lows below the late-October base.
Cable has printed lower highs since the 1.3503 peak, with the 1.3459 rebound high capping before Tuesday's hot US CPI. The post-CPI leg broke the 1.3342 payrolls low and has now cleared the 1.3250 prior low to a fresh window swing low at 1.3221, while solid UK GDP was ignored. EMA20 (1.33194) has crossed below EMA50 (1.33601), both are sloping lower, and RSI at 24.7 is oversold with ATR(14) holding near 30 pips, so the move is extending rather than compressing.
Support: 1.3221, 1.3200
Resistance: 1.3250, 1.33194, 1.33601
What it said to watch
H4 close below the 1.3200 psych level extends the lower-low sequence to fresh four-week lows
Recovery back above the 1.3250 prior low would mark the latest break as a false break
Reclaim of ema20 at 1.33194 is the first sign the post-CPI leg is losing control; ema50 at 1.33601 caps above
A new low on lower-low RSI with a higher RSI reading would flag rsi divergence (bullish) from oversold
Fed's Daly and Schmid speak within the hour, and US PPI on Friday could materially shift this read
Lower highs at 1.3503 and 1.3459, lower low at 1.3250.
A double top at 1.3500 gave way to lower highs, first at 1.3503 and then at the 1.3459 lower high. The hot US CPI print and hawkish Fed repricing drove the break through the 1.3342 neckline. The pair has since printed a lower low at the 1.3250 swing low. EMA20 has crossed under EMA50 and price sits below both. RSI(14) at 30.2 is just above oversold, and ATR(14) has eased back to 28 pips from the post-CPI expansion while price bases at 1.3250.
Support: 1.3250, 1.3200
Resistance: 1.33293, 1.33656, 1.3459
What it said to watch
H4 close back above the ema20 at 1.3329 (and 1.3300) would mark the first recovery in the lower-high sequence
Failure to hold the 1.3250 swing low exposes the 1.3200 round number
Recovery through the ema50 at 1.3366 and the 38.2% fib near 1.3347 would challenge the downtrend read
US PPI Fri 13:30 UTC and Fedspeak today (Barr, Goolsbee, Daly, Williams) could materially shift this read
UK labour data Tue 17 Nov 07:00 GMT is the key GBP-side risk
After the 1.3503 peak, cable printed a lower high at 1.3459 before the hot US CPI print and Fed hike repricing drove it through the 1.3272 prior low to a fresh swing low at 1.3250. The sequence of lower highs and lower lows is intact. EMA20 has crossed below EMA50 and price sits under both. RSI is at 30.7 after a dip below 30, and ATR has eased back to 28 pips from the CPI-day expansion. A rebound would first meet the ema20 near 1.3336, close to the 38.2% fib of the 1.3459-1.3250 leg, with the ema50 at 1.3370 above.
Support: 1.32498, 1.3200
Resistance: 1.32723, 1.33357, 1.33695
What it said to watch
An H4 close back above the 1.3272 prior low would mark the break below it as a false break
Failure to hold the 1.3250 swing low extends the lower-low sequence toward the 1.3200 round number
Acceptance above the ema20 and the 38.2% fib near 1.3336 would challenge the lower highs read
US jobless claims and Fedspeak today, then US PPI on Friday at 13:30 UTC, could materially shift this read
06:01 UTC
Downtrend, oversold after a lower high · RSI 27 · price 1.32595
The rebound stalled at 1.3459, a lower high under the 1.3503 peak. The hot US core CPI print then drove a roughly 200-pip leg down through the prior low at 1.3272 to a fresh swing low at 1.3250, just above the window low at 1.3240. EMA(20) has crossed below EMA(50), with price under both, and RSI(14) at 27.1 is oversold. ATR(14) at 28.2 pips has eased back from the CPI spike, so the selling is steady rather than accelerating.
Support: 1.3250, 1.3240, 1.3200
Resistance: 1.3272, 1.3342, 1.3374
What it said to watch
UK Q3 GDP in about 1h: a miss could take out the 1.3250 swing low, while a beat would test the 1.3272 prior low from below
An H4 close back above 1.3272 would turn the break into a false break and expose the ema20 at 1.3342
Failure to hold 1.3240 would extend the lower-low sequence toward the 1.3200 round number
US PPI on Friday is the next test of the Fed-driven USD bid on the CPI leg
A recovery above the ema50 at 1.3374 and the lower highs line would neutralise the downtrend read
Lower highs (1.3503, 1.3459) and lower lows since early November.
The hot US CPI print turned the bounce at the 1.3459 lower high into a two-session slide. Price broke the late-October base and set a new swing low at 1.3261, leaving a lower-high, lower-low sequence from the 1.3503 peak. EMA(20) at 1.3351 has crossed below EMA(50) at 1.3378, both now sloping lower above price. RSI at 29.4 is oversold, while ATR(14) holding near 28 pips shows a steady grind lower rather than accelerating expansion.
Support: 1.3261, 1.3231
Resistance: 1.3300, 1.3351, 1.3459
What it said to watch
UK Q3 GDP at 07:00 UTC (f/c 0.7% q/q) could materially shift this read within the next bar
Failure to hold the 1.3261 swing low opens the mid-oct low at 1.3231
H4 close back above the 1.3300 figure and the ema20 / 38.2% fib zone near 1.3351 would mark a deeper corrective bounce
Only a recovery through the 1.3459 lower high breaks the lower-highs trendline structure
US Core PPI Fri 13:30 UTC could extend the USD-driven move