GBPAUD London briefing — 2026-07-20

BIAS BEARISH. H1 EMA bearish, RSI neutral at 42, D1 structure neutral—short-term downside bias intact despite mixed daily context. KEY LEVELS R: 1.925, 1.93, 1.93633 | S: 1.92, 1.91583, 1.915 NEWS 🔴 Claimant Count Change (GBP) — Tue 21 Jul 06:00 UTC 🟡 Avg Earnings Excl./Incl. Bonus (GBP) — Tue 21 Jul 06:00 UTC SESSION OUTLOOK London open targets 1.92 support. UK labour data drops tomorrow early; watch for positioning ahead. H1 bearish structure favours sellers into resistance. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweeps, Fibonacci

Key Levels

R: 1.92500 · 1.93000 · 1.93633

S: 1.92000 · 1.91583 · 1.91500