GBPAUD London briefing — 2026-05-07

BIAS BEARISH. D1 structure bearish, H4/H1 EMAs aligned downward, RSI neutral but price below fair value. KEY LEVELS R: 1.88, 1.885, 1.89654 | S: 1.875, 1.87383, 1.87 NEWS S&P Global Construction PMI 🟡 Thu 08:30 UTC | Halifax House Prices 🟡 Fri 06:00 UTC SESSION OUTLOOK London opens into bearish structure. Watch Construction PMI for GBP weakness confirmation. Consolidation expected near 1.875 support. PRO UNLOCKS Entry 1.876 | SL 1.88 | TP1 1.8738 | TP2 1.87 | FVG 1.8745-1.877 — unlock Pro

Key Levels

R: 1.88000 · 1.88500 · 1.89654

S: 1.87500 · 1.87383 · 1.87000