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.
10:58 UTC
Range-bound, momentum neutral · RSI 53 · price 1.34038
Multi-day range, lower highs into a 1.333 floor.
Cable has carved a multi-day range, rolling over from the 1.3509 high into a 1.333 floor where a double bottom (1.3316/1.3324) sparked the latest bounce. Price is now pinned at the 200-day SMA near 1.3415, with external risk-on and sticky UK inflation expectations underpinning the recovery despite soft April GDP. ATR is moderate and lower highs cap the upside, keeping the structure two-way ahead of mid-week event risk.
Support: 1.3330, 1.3300
Resistance: 1.3415, 1.3434, 1.3465
What it said to watch
- Sustained H4 close above 1.3415 opens 1.3434/1.3465
- Failure to hold 1.3330 risks the 1.3300 floor
- UK CPI (Wed) and FOMC (Wed) could materially shift this read
10:58 UTC
Sideways, range-bound · RSI 50 · price 1.34038
Multi-week range, mid-band.
Cable is locked in a multi-week range between roughly 1.3330 and 1.3485, with the 200-day SMA at 1.3415 capping rallies — price was rejected there again this session and faded back to 1.3404. The sharp drop to 1.3316 and rapid recovery left a choppy mid-band, with GBP resilience tied to risk-on flows and sticky UK inflation expectations rather than soft April GDP. ATR is moderate but structure is compressing ahead of Wednesday's UK CPI and FOMC.
Support: 1.3330, 1.3300, 1.3316
Resistance: 1.3415, 1.3465, 1.3485
What it said to watch
- H4 close above the 200d sma at 1.3415 opens 1.3465 then 1.3485
- Failure to hold 1.3330 confirms a lower low toward 1.3300
- UK CPI Wed Jun 17 and FOMC same day can break this range