GBPAUD London briefing — 2026-05-12

BIAS BEARISH. D1 structure confirmed by aligned H4/H1 EMA bearish signals; RSI neutral supports downside continuation. KEY LEVELS R: 1.875, 1.88, 1.89574 | S: 1.87322, 1.87, 1.865 NEWS 🔴 AUD Budget Release — Tue 12 May 09:30 UTC SESSION OUTLOOK Budget data will drive AUD volatility. Watch 1.875 resistance rejection; bears target 1.87 support on conviction. PRO UNLOCKS [Entry 1.8740 | SL 1.8790 | TP1 1.8715 | TP2 1.8650 | FVG 1.8758–1.8762 | Liquidity sweep 1.8900 — unlock with Pro]

Key Levels

R: 1.87500 · 1.88000 · 1.89574

S: 1.87322 · 1.87000 · 1.86500