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
Range-bound, recovering off lows · RSI 51 · price 1.34038
Consolidation below 1.3415 cap.
GBP/USD has been consolidating below the 200-day SMA at 1.3415 after rolling over from the early-window 1.3509 peak and basing near 1.3316. Price has recovered off the 1.3330 zone and sits mid-range, with the 50% retrace of that decline aligning with the 1.3415 cap. ATR compression points to a coiled range ahead of Wednesday's UK CPI and the FOMC decision.
Support: 1.3330, 1.3300
Resistance: 1.3415, 1.3465
What it said to watch
- H4 close above the 200-day sma at 1.3415 opens the path to the prior high at 1.3465
- Failure to hold 1.3330 swing low risks a drift toward 1.3300 psych
- UK CPI Wed and FOMC Jun 17 could materially shift this read
21:01 UTC
Range-bound, lower highs · RSI 52 · price 1.34038
Two-week range 1.3330-1.3465, capped at 200-day sma.
Cable has been range-bound between 1.3330 and 1.3465 for two weeks, with a sequence of lower highs from 1.3508 and the 200-day SMA at 1.3415 capping each recovery. Price bounced off the 1.3330 range low and is now pressing back into 1.3415, where prior attempts were rejected. ATR is mid-range; UK CPI and the FOMC on Wed are the catalysts that could break the compression.
Support: 1.3330, 1.3300
Resistance: 1.3415, 1.3465, 1.3508
What it said to watch
- H4 close above 1.3415 (200-day sma) opens the 1.3465 range cap
- Failure to hold 1.3330 confirms a lower-low toward 1.3300
- UK CPI Wed and FOMC same day could materially shift this read