GBPAUD London briefing — 2026-08-18

BIAS BEARISH. EMA H4/H1 aligned downside; D1 structure confirms; RSI 36 neutral but not contradicting the momentum framework. KEY LEVELS R: 1.905, 1.91, 1.92581 | S: 1.90193, 1.9, 1.895 NEWS 🟡 GBP Bond Auction 09:30 UTC (low impact) | 🟡 AUD Wage Price Index Wed 01:30 UTC (medium/low impact) SESSION OUTLOOK Watch price hold below 1.905 resistance. Bond auction unlikely to shift bias; focus on sustained H4 bearish pressure into London close.

Key Levels

R: 1.90500 · 1.91000 · 1.92581

S: 1.90193 · 1.90000 · 1.89500