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
Recovery uptrend, stalling at 1.3500 · RSI 59 · price 1.34912
Higher lows since late-window base, testing 3-week high.
Cable rallied out of the multi-day 1.3400-1.3500 range and tagged a 3-week high near 1.3509 after Friday's shock -23K US NFP gutted Fed-hike bets — a USD story, not GBP strength. Price closed the pop back below the 1.3500 pivot at 1.34912, leaving the breakout unconfirmed while EMA20/EMA50 stay stacked beneath price. ATR(14) near 22 pips reflects contained H4 volatility into next week's catalysts.
Support: 1.3442, 1.3410
Resistance: 1.3509, 1.3555
What it said to watch
- H4 close above 1.3509 confirms the breakout and opens the 1.3555 cap
- Failure to reclaim the 1.3500 pivot keeps the range read alive
- Break below 1.3410 flips the near-term structure to lower lows
- US CPI Wed and UK GDP Aug 13 could materially reset this read
21:01 UTC
Recovery, testing range top · RSI 61 · price 1.34912
Higher lows since late-month low, breakout attempt above 1.3500.
Cable ground higher off the 1.3273 swing low on a chain of higher lows, then popped above the 1.3400-1.3500 range on Friday's -23K NFP miss, tagging a 3-week high near 1.3508 before closing back at 1.34912. The move is USD-driven rather than sterling strength, and price is now hovering at the range top with EMA20 and EMA50 both below. ATR(14) sits mid-regime, showing controlled expansion off the recovery rather than a volatility spike.
Support: 1.3410, 1.3424, 1.3273
Resistance: 1.3508, 1.3555
What it said to watch
- H4 close above 1.3555 opens the path higher; the key cap flagged repeatedly
- Failure to hold 1.3410 flips the near-term read back into the prior range
- US CPI Aug 12 and UK GDP Aug 13 could materially shift this read