GBP/USD AI Live Scan, 4-hour chart, Sunday, 1 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.
22:02 UTC
Sharp rebound, stalling at range top · RSI 59 · price 1.33925
Higher lows off 1.3272; capped at prior 1.3409–1.3434 highs.
Cable has retraced the entire leg down to the 1.3272 swing low, helped by the UK Budget easing fiscal risk premium, and is back at the top of the earlier 1.3375–1.3420 range. The push to a 1.3434 swing high failed to hold above the 1.3419 prior high. Three straight softer closes have followed, with price holding above the 38.2% fib of the rebound near 1.3372 and on the rising lows line. EMA20 and EMA50 have converged near 1.3362 with price above both, and ATR(14) near 32 pips is expanding off the late-October compression.
Support: 1.3372, 1.3334, 1.3272
Resistance: 1.3419, 1.3434
What it said to watch
H4 close above the 1.3434 swing high clears the prior high cluster and extends the rebound structure
Failure to hold the 38.2% fib at 1.3372 and the rising lows line puts the 61.8% fib near 1.3334 in play
A break back below 1.3334 would undo most of the rebound and reopen the 1.3272 swing low
BoE decision and vote split Nov 5 at 12:00 GMT, with Bailey at 12:30, could materially shift this read
US ISM Manufacturing Monday 15:00 UTC is the near-term USD-side risk to the rebound
Higher lows since the 1.3272 swing low, stalling at the range top.
Cable has retraced the entire late-October slide in a V-shaped recovery off the 1.3272 swing low. It is back inside the 1.3360–1.3420 band that capped mid-October trade. The push to a 1.3434 swing high was rejected back below the 1.3419 prior high. The bid tracks Budget relief and a fully priced BoE hike, which leaves the move exposed to the decision itself. ATR(14) has expanded to ~33 pips, RSI(14) has cooled from overbought levels to ~61, and EMA(20) is crossing up through EMA(50) near 1.3361, with the higher-lows trendline still intact beneath.
Support: 1.3374, 1.3361, 1.3300
Resistance: 1.3419, 1.3434, 1.3450
What it said to watch
BoE decision and vote split Thu Nov 5 12:00 GMT (Bailey 12:30) could materially shift this read
H4 close above the 1.3434 swing high breaks the October range top and opens 1.3450 round number
Failure to hold the 1.3374 swing low (38.2% fib) exposes the ema50 near 1.3361
Loss of the ema50 and the higher-lows trendline turns focus back to the 1.3300 round number
US ISM Manufacturing Mon 15:00 UTC is the near-term USD-side catalyst