GBPAUD London briefing — 2026-06-04

BIAS NEUTRAL — H4/H1 EMAs bullish, but daily structure bearish and RSI neutral; conflicting timeframes offer no clear edge. KEY LEVELS R: 1.891, 1.89, 1.885 | S: 1.86079, 1.875, 1.88 NEWS 🔴 BoE Governor Bailey speech — 15:40 UTC (Thu 04 Jun) 🟡 S&P Global Construction PMI — 08:30 UTC (Thu 04 Jun) SESSION OUTLOOK Bailey speech will likely dominate volatility; watch price reaction near 1.885–1.89 resistance. Early PMI data may provide short-term directional bias ahead of the speech. PRO UNLOCKS Exact entries, stops, targets, FVG zones, liquidity sweeps — unlock with Pro

Key Levels

R: 1.88500 · 1.89000 · 1.89100

S: 1.88000 · 1.87500 · 1.86079