GBP/USD AI Live Scan, 4-hour chart, Wednesday, 11 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 after CPI leg · RSI 28 · price 1.32734
Lower high at 1.3459 under the 1.3503 peak, fresh lower low at 1.3266.
GBPUSD set a lower high at 1.3459 beneath the 1.3503 peak. Hot US core CPI then broke the 1.3342 prior low and drove price to a fresh swing low at 1.3266, back below the 1.3300 round number. EMA20 (1.3359) has crossed below EMA50 (1.3382) with price under both, and the lower-highs trendline from 1.3503 caps the structure. RSI at 27.8 is oversold while ATR(14) holds near 28.6 pips, steady rather than expanding; the 38.2% retracement of the CPI leg sits around 1.3340, alongside the prior low.
Support: 1.32662, 1.32304
Resistance: 1.3300, 1.33421, 1.33586
What it said to watch
UK Q3 GDP in about 9h could materially shift this read; a strong print has room to test the 1.3300 round number
An H4 close back above 1.3300 and then the 1.3342 prior low / 38.2% fib would neutralise the lower-low read
Failure to hold the 1.3266 swing low exposes the oct low at 1.3230
Price back above the ema20 at 1.3359 would be the first break of the lower-highs sequence
US PPI on Friday is the next USD test for the CPI leg
18:01 UTC
Downtrend, oversold after CPI leg · RSI 28 · price 1.32756
Lower highs from 1.3503, fresh lower low at 1.3266.
Cable has rolled over from the 1.3503 peak. The lower highs trendline through 1.3459 is intact and a fresh swing low at 1.3266 has undercut the late-October base after the hot US CPI and Waller's 50bp talk widened the Fed edge. EMA20 (1.3368) has crossed below EMA50 and price trades beneath both, with RSI at 28 in oversold territory and ATR near 30 pips steady rather than expanding. The broken 1.3300 psych level and the 1.3342 prior low now sit overhead, with the oct low at 1.3230 the next reference below.
Support: 1.32662, 1.32304
Resistance: 1.3300, 1.33421, 1.33676
What it said to watch
UK Q3 GDP Thu 07:00 GMT (f/c 0.7% q/q) could materially shift this read; a miss sets a lower bar than a beat.
An H4 close back above the 1.3342 prior low would challenge the lower-low sequence; the 38.2% retracement of the 1.3503 drop sits near 1.3357.
Failure to hold the 1.3266 swing low exposes the oct low at 1.3230.
Thursday's Fed speakers and Friday's US core PPI are the USD-side risks to the downtrend.
A move back through the lower highs trendline and the ema20 would neutralise the bearish EMA cross.
16:45 UTC
Downtrend, lower high in place · RSI 29 · price 1.32842
Lower high at 1.3459 below 1.3503 peak; lower low under 1.3342.
The rebound from the 1.3342 prior low capped at a lower high of 1.3459. The hot US CPI print then drove cable back through that floor to a fresh lower low near 1.3284, leaving the 1.3272 oct low as the next swing support. EMA(20) has crossed below EMA(50) and price sits under both, with ATR(14) expanding from 26.5 to 30.9 pips. RSI at 29.1 is oversold as the leg extends.
Support: 1.32723, 1.3153
Resistance: 1.33421, 1.33774, 1.3459
What it said to watch
An H4 close below the 1.3272 oct low extends the lower-low sequence toward the 1.3153 window low
Recovery back above the 1.3342 prior low and the ema20 at 1.3377 would stall the downtrend read
Only a break of the descending lower-high line through 1.3459 negates the lower-high structure
UK Q3 GDP Thu 07:00 GMT (f/c 0.7% q/q) and US core PPI Fri could materially shift this read
10:01 UTC
Downtrend, lower high and lower low in place · RSI 35 · price 1.33258
Rolled over from 1.3503 top; lower high at 1.3459, lower low at 1.3312.
Cable topped at 1.3503 and has since printed a lower high at 1.3459, then a lower low at the 1.3312 cpi low after the hot US CPI print revived 25-vs-50bp December Fed pricing. The latest bar's 1.3314 low is a second test of that cpi low, with the psych 1.3300 handle and the 1.3272 oct low beneath. EMA(20) has crossed below EMA(50) and price sits under both. RSI at 34.5 is soft but not oversold, and ATR(14) near 30 pips has eased off the CPI spike, so the selling is steady rather than accelerating.
Support: 1.3312, 1.3300, 1.3272
Resistance: 1.3355, 1.33872, 1.3459
What it said to watch
H4 close below the 1.3312 cpi low and the 1.3300 psych level confirms extension toward the 1.3272 oct low
Recovery through the 1.3355 bounce high and the ema20 at 1.3387 would put the lower-high structure under pressure
A reclaim of the 1.3459 lower high invalidates the downtrend read
UK Q3 GDP Thu 07:00 UTC (f/c 0.7% q/q) could materially shift this read
Thursday Fedspeak and Friday US core PPI keep the 50bp December Fed tail in play
Lower high at 1.3459 below the 1.3503 swing high, lower low at 1.3312.
GBP/USD has rolled over from the 1.3503 swing high. A rejection at the 1.3459 lower high came before hot US CPI drove a lower low at 1.3312, under the post-payrolls 1.3342 trough. EMA(20) has just crossed below EMA(50), price sits beneath both with RSI at 37.3, and ATR(14) has eased back to 29.5 pips after the CPI expansion, leaving the pair steadying above the 1.3300 psych level with the ema50 at 1.3398 overhead.
Support: 1.3312, 1.3300, 1.3272
Resistance: 1.33984, 1.3459, 1.3503
What it said to watch
H4 close back above the ema50 at 1.3398 and the 50% fib retracement near 1.3408 would neutralise the lower-high read
Failure to hold the 1.3312 swing low and the 1.3300 psych level exposes the late-Oct low at 1.3272
A break above the 1.3459 lower high ends the lower-high sequence from the 1.3503 swing high
UK Q3 GDP Thu 07:00 GMT and US PPI Fri 13:30 UTC could materially shift this read
Lower high at 1.3459, lower low at 1.3312; below both EMAs.
The double top near 1.3500 gave way to a lower high at 1.3459. The hot US CPI print then drove a lower low at the 1.3312 cpi low, below the 1.3342 swing that capped the prior pullback. EMA(20) has just crossed below EMA(50), with both near 1.3400. Price sits beneath that ema20 zone, RSI is at 39.2, and ATR(14) has expanded to 30.8 pips from 26.5 after the data.
Support: 1.3312, 1.3272
Resistance: 1.3399, 1.3459, 1.3503
What it said to watch
An H4 close back above the 1.3399 ema20, with the EMA(50) at 1.3401 just overhead, would undercut the lower-high read.
Failure to hold the 1.3312 cpi low exposes the 1.3272 oct low.
A recovery through the 1.3459 lower high reopens the 1.3503 double top and breaks the lower-highs trendline.
UK Q3 GDP Thu 07:00 UTC and US PPI Fri 13:30 UTC could materially shift this read.