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.
21:01 UTC
Downtrend, momentum extending · RSI 32 · price 1.3228
Lower highs and lower lows, trendline broken.
Cable has rolled over into a clean downtrend, slicing through the multi-week ascending support and printing fresh April lows near 1.3163 despite a hawkish BoE hold. A firmer USD on the hawkish Fed dot-plot and UK political/fiscal overhang are driving the move; price sits below both EMAs with momentum stretched. The 1.32 area is holding for now while 1.3253 and 1.3300 cap any recovery.
Support: 1.3163, 1.3150, 1.3065
Resistance: 1.3253, 1.3300
What it said to watch
- H4 close below 1.3163 confirms continuation toward the 1.3150 march low, then 1.3065
- Reclaim of 1.3300 would neutralise the breakdown read
- Mon 08:30 UTC UK flash PMIs could materially shift this read
21:01 UTC
Downtrend, extending · RSI 34 · price 1.3228
Lower highs and lower lows, fresh April lows.
Cable is in a clean H4 downtrend, printing successive lower highs and lower lows after slicing through the multi-week ascending trendline; price now sits at fresh April lows near 1.3228. The leg lower accelerated as the hawkish Fed dot-plot lifted the dollar while a hawkish BoE hold and a strong UK retail beat failed to support sterling. ATR(14) has expanded sharply on the breakdown, with price holding well below both the EMA20 and EMA50.
Support: 1.3163, 1.3150, 1.3065
Resistance: 1.3300
What it said to watch
- H4 close below 1.3150 march low exposes 1.3065/1.3000
- Reclaim of 1.3300 psych level needed to challenge the downtrend
- Mon 08:30 UTC UK flash PMIs could materially shift this read