GBPAUD London briefing — 2026-05-08

BIAS BEARISH. D1 structure confirms downtrend; H4 EMA bearish supports lower bias despite H1 neutrality. KEY LEVELS R: 1.89, 1.89654 | S: 1.88, 1.875, 1.87383 NEWS 🔴 BoE Governor Bailey speech (GBP) – Fri 08 May 12:20 UTC SESSION OUTLOOK Bailey speech risk for GBP volatility during London open. Watch rejection at 1.89 resistance; break below 1.88 targets support cascade. PRO UNLOCKS Entry 1.8820, SL 1.8920, TP1 1.8758, TP2 1.8705, FVG 1.8785–1.8810, bearish OB 1.8945 — unlock with Pro

Key Levels

R: 1.88500 · 1.89000 · 1.89654

S: 1.88000 · 1.87500 · 1.87383