Every read JAFX AI made on the GBP/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
22:01 UTC
Uptrend off Wednesday low, pausing below week high · RSI 50 · price 1.33187
Higher lows since 1.3137; Friday's NY pullback extended by weekend gap.
Wednesday's NY-session plunge to 1.3137 reversed into a steady climb of higher lows. Thursday's UK data beats and a softening USD fuelled the move, and Friday's London-NY push broke above the thu high near 1.3279 to a week high of 1.3371. Supply capped that high, and Friday's NY pullback held the friday low at 1.3310. Monday's open gapped about 20 pips below the fri close at 1.3327, leaving price just under EMA(20), above EMA(50), and sitting on the 23.6% retracement with RSI(14) back to neutral near 50.
Support: 1.3310, 1.3279
Resistance: 1.3327, 1.3371
What it said to watch
- An H1 close back above the 1.3327 fri close fills the gap and reclaims EMA(20); acceptance above the 1.3371 week high resumes the higher-high sequence
- Failure to hold the 1.3310 friday low exposes the thu high at 1.3279, which aligns with the 38.2% fib
- UK labour data Tue 06:00 UTC and UK CPI Wed 06:00 UTC could materially shift this read
21:02 UTC
Uptrend, cooling after Friday's spike high · RSI 56 · price 1.33266
V-reversal from 1.3137 low; higher lows since Thursday, pulling back from 1.3371.
Wednesday's NY-session flush to the 1.3137 week low reversed sharply. Strong UK activity beats and a dollar that failed to rally on hot US data carried the pair back through the 1.3265–1.3275 breakout zone by Thursday's Asian session. Friday extended the run to a 1.3371 week high during NY hours. Price was then rejected about 60 pips, but the late-NY dip held the 1.3310 friday low near the 23.6% retracement, and the week closed back above EMA(20) with RSI(14) easing to the mid-50s from overbought.
Support: 1.3310, 1.3270, 1.3137
Resistance: 1.3350, 1.3371, 1.3435
What it said to watch
- Close back below the 1.3310 friday low and the higher-lows trendline would expose the 1.3270 breakout zone (38.2% fib)
- Hourly acceptance above the 1.3350 friday range and the 1.3371 week high opens next resistance at 1.3435
- Failure to hold the 1.3270 breakout would put the reversal from the 1.3137 week low in question
- Weekend IMF headlines may gap the Sunday open
- UK labour data Tue 06:00 UTC and UK CPI Wed 06:00 UTC could materially shift this read