GBPAUD London briefing — 2026-07-03

BIAS BULLISH. Daily structure bullish; H4 EMA supports upside, though H1 neutral and RSI mid-range (52.83) suggest consolidation before continuation. KEY LEVELS R: 1.93, 1.93633 | S: 1.92, 1.915, 1.87714 NEWS 🔴 BoE Governor Bailey speech 15:00 UTC (Fri 3 Jul) 🟡 S&P Global PMI (Composite & Services) 08:30 UTC (Fri 3 Jul) SESSION OUTLOOK PMI data opens London; Bailey speech at US overlap adds volatility. Watch 1.925 resistance—break signals continuation; hold below keeps consolidation bias. PRO UNLOCKS Entry zones, SL/TP placement, FVG liquidity sweeps, Fibonacci retracements, swing targets—unlock with Pro.

Key Levels

R: 1.92500 · 1.93000 · 1.93633

S: 1.92000 · 1.91500 · 1.87714