GBPAUD London briefing — 2026-07-28

BIAS BEARISH. Daily structure bearish; H4 EMA confirms downside, though H1 neutral and RSI(14) at 52 suggest weakening momentum into London. KEY LEVELS R: 1.91, 1.915, 1.93575 | S: 1.905, 1.90025, 1.9 NEWS 🔴 AUD CPI YoY — Wed 29 Jul 01:30 UTC 🟡 AUD CPI MoM — Wed 29 Jul 01:30 UTC 🟡 AUD CPI QoQ — Wed 29 Jul 01:30 UTC SESSION OUTLOOK CPI misses tomorrow trigger volatility; watch 1.905 hold into London close. Bears need break below 1.9 to confirm lower leg. PRO UNLOCKS Entry targets, SL placement, TP cascade, liquidity sweep zones —

Key Levels

R: 1.91000 · 1.91500 · 1.93575

S: 1.90500 · 1.90025 · 1.90000