GBPAUD London briefing — 2026-05-21

BIAS BULLISH — D1 structure commits despite H4 neutrality; RSI 66.87 supports continuation. KEY LEVELS R: 1.89, 1.89494, 1.895 | S: 1.885, 1.88, 1.85392 NEWS 🔴 S&P Global Composite PMI (GBP) — Thu 21 May 08:30 UTC 🔴 S&P Global Manufacturing PMI (GBP) — Thu 21 May 08:30 UTC 🔴 S&P Global Services PMI (GBP) — Thu 21 May 08:30 UTC SESSION OUTLOOK London opens with triple PMI release; expect volatility around 1.89 resistance. Watch H1 rejection or breakout confirmation into US hours. PRO UNLOCKS Entry, SL, TP1, TP2, FVG

Key Levels

R: 1.89000 · 1.89494 · 1.89500

S: 1.88500 · 1.88000 · 1.85392