EURGBP London briefing — 2026-10-19

BIAS BEARISH. Daily structure, H4 and H1 EMAs aligned downward, and H4 fair value gaps all confirm directional weakness. KEY LEVELS R: 0.845, 0.85, 0.86125 | S: 0.84, 0.8394, 0.835 NEWS 🔴 Claimant Count Change (GBP) – Tue 20 Oct 06:00 UTC 🟡 Average Earnings Excl. Bonus (GBP) – Tue 20 Oct 06:00 UTC 🟡 Average Earnings Incl. Bonus (GBP) – Tue 20 Oct 06:00 UTC SESSION OUTLOOK London open may test lower support on bearish structure. Watch for H1 bullish FVG rejection before resuming downtrend.

Key Levels

R: 0.84500 · 0.85000 · 0.86125

S: 0.84000 · 0.83940 · 0.83500