GBPAUD London briefing — 2026-06-03

BIAS BEARISH. D1 structure confirms downtrend; RSI neutral at 53 avoids overbought trap; H4/H1 EMA divergence signals caution but doesn't override daily bias. KEY LEVELS R: 1.88, 1.885, 1.891 | S: 1.875, 1.87, 1.85392 NEWS 🟡 S&P Global Composite PMI (GBP) Wed 08:30 UTC 🟡 S&P Global Services PMI (GBP) Wed 08:30 UTC SESSION OUTLOOK London open: UK PMI data (low impact) may trigger mild volatility. Watch 1.88 resistance rejection to confirm downside continuation toward 1.875. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweeps, Fibonacci targets—unlock with Pro subscription

Key Levels

R: 1.88000 · 1.88500 · 1.89100

S: 1.87500 · 1.87000 · 1.85392