GBPAUD London briefing — 2026-05-18

BIAS BEARISH — H4 EMA bearish overrides neutral H1; RSI neutral at 50.61 doesn't contradict downside bias from daily structure. KEY LEVELS R: 1.87, 1.875, 1.89542 | S: 1.865, 1.86, 1.85392 NEWS 🟡 BoE Greene speech — Mon 07:35 UTC 🟡 BoE Mann speech — Mon 08:30 UTC 🟡 Westpac Consumer Confidence — Tue 00:30 UTC SESSION OUTLOOK London open sees two BoE speakers; GBP volatility likely. Watch 1.87 resistance rejection for bearish confirmation into NY overlap. PRO UNLOCKS Entry 1.8680, SL 1.8755, TP1 1.8615, TP2 1.8539 | FV

Key Levels

R: 1.87000 · 1.87500 · 1.89542

S: 1.86500 · 1.86000 · 1.85392