EURGBP Asia briefing — 2026-05-20

BIAS BULLISH — D1 structure trumps H1 bearish divergence; RSI oversold at 29.23 signals reversal potential from 0.865 support. KEY LEVELS R: 0.87, 0.87308, 0.875 | S: 0.865, 0.86198, 0.86 NEWS 🔴 GBP CPI (MoM/YoY) + Core CPI (YoY) — Wed 06:00 UTC SESSION OUTLOOK CPI data injects volatility; watch for rejection at 0.87 or break below 0.865. Oversold conditions favor upside into resistance. PRO UNLOCKS Entry 0.86520, SL 0.86050, TP1 0.87000, TP2 0.87308, FVG 0.8652–0.8668, Fib

Key Levels

R: 0.87000 · 0.87308 · 0.87500

S: 0.86500 · 0.86198 · 0.86000