GBPAUD London briefing — 2026-05-11

BIAS BEARISH. D1 structure confirmed by H4/H1 EMA alignment; RSI neutral supports downside continuation without reversal signal. KEY LEVELS R: 1.88, 1.885, 1.89574 | S: 1.875, 1.87322, 1.87 NEWS 🟡 BRC Like-For-Like Retail Sales (Mon 23:01 UTC) 🟡 Westpac Consumer Confidence (Tue 00:30 UTC) 🟡 NAB Business Conditions (Tue 01:30 UTC) SESSION OUTLOOK London open tests 1.875 support; AUD data flows post-session may trigger volatility. Watch GBP retail data for sterling weakness confirmation. PRO UNLOCKS Entry zones, stop-loss placement, TP1/TP2 targets, FVG liquidity sweeps, Fibonacci projections —

Key Levels

R: 1.88000 · 1.88500 · 1.89574

S: 1.87500 · 1.87322 · 1.87000