GBPAUD London briefing — 2026-05-06

BIAS BEARISH. D1 structure confirmed by aligned H4/H1 bearish EMAs; RSI neutral supports downside continuation. KEY LEVELS R: 1.88, 1.885, 1.89654 | S: 1.875, 1.87383, 1.87 NEWS 🟡 S&P Global Composite PMI (GBP) Wed 08:30 UTC 🟡 S&P Global Services PMI (GBP) Wed 08:30 UTC SESSION OUTLOOK UK PMI data at London open may trigger volatility. Watch support holds at 1.875 for confirmation of downtrend. PRO UNLOCKS Entry 1.8765, SL 1.8815, TP1 1.8738, TP2 1.87, FVG 1.876–1.879, liquidity sweep 1.885 — unlock with

Key Levels

R: 1.88000 · 1.88500 · 1.89654

S: 1.87500 · 1.87383 · 1.87000