GBPAUD London briefing — 2026-05-29

BIAS BEARISH. D1 structure confirms downside despite H1/H4 divergence; RSI neutral supports continuation rather than reversal. KEY LEVELS R: 1.875, 1.88, 1.891 | S: 1.87, 1.865, 1.85392 NEWS 🔴 BoE Governor Bailey speech (GBP) 08:20 UTC 🟡 CFTC AUD NC Net Positions 19:30 UTC 🟡 CFTC GBP NC Net Positions 19:30 UTC SESSION OUTLOOK Bailey speech may trigger GBP volatility early. Watch for break below 1.87 support; late CFTC data unlikely to impact London hours significantly. PRO UNLOCKS Entry 1.8715 | SL 1.8795 | TP1 1.865 | TP2 1.

Key Levels

R: 1.87500 · 1.88000 · 1.89100

S: 1.87000 · 1.86500 · 1.85392