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
Uptrend, momentum stalling after 1.3558 peak · RSI 50 · price 1.3455
Higher highs/lows, pullback in progress.
Cable extended its higher-high sequence with a sharp breakout to 1.3558 before the rally stalled, in line with the digest's read of sterling running out of room sub-1.3556 on already-priced BoE hike bets. Price has since retraced roughly half the impulse, holding the 1.3428 swing low, and is now recovering toward the EMA20 near 1.3468. Structure stays constructive above 1.3428 but the pullback shows momentum cooling.
Support: 1.3428, 1.3372
Resistance: 1.3528, 1.3558
What it said to watch
- H4 close below 1.3428 confirms a lower low and opens consolidation
- Reclaim of 1.3528/1.3558 needed to resume the uptrend
- UK jobs data Tue 06:00 UTC is the key BoE-hike test and could reset this read
21:02 UTC
Uptrend, momentum slowing · RSI 53 · price 1.3455
Pullback from 1.3558 high, higher lows intact.
Cable extended its multi-week uptrend into a 1.3558 spike on GBP political-relief and full November BoE hike pricing, but the rally stalled and price has since faded to the 1.3450 pivot. Higher-low structure off the 1.3369 base remains intact, though the pullback has slipped price back below the EMA20 as momentum cools. The 1.3426 swing low is the near-term floor for that rising-low sequence.
Support: 1.3450, 1.3426, 1.3390
Resistance: 1.3558, 1.3590
What it said to watch
- H4 close below 1.3426 breaks the higher-low sequence and opens consolidation
- Reclaim of 1.3558 reopens the path to the 1.3590 upside gate
- UK jobs data Tue 06:00 UTC could materially shift this read