GBPAUD London briefing — 2026-09-02

BIAS BEARISH. H4 and H1 EMAs aligned downside; RSI neutral won't override structure. D1 bullish creates friction—conflicting timeframes warrant caution. KEY LEVELS R: 1.895, 1.9, 1.91912 | S: 1.89, 1.88503, 1.885 NEWS 🟡 S&P Global Composite PMI (AUD) Wed 23:00 UTC 🟡 S&P Global Services PMI (AUD) Wed 23:00 UTC 🟡 Exports MoM (AUD) Thu 01:30 UTC SESSION OUTLOOK Watch rejection at 1.895 into PMI release. AUD data tonight could spark volatility; bearish setup holds if support 1.89 holds firm.

Key Levels

R: 1.89500 · 1.90000 · 1.91912

S: 1.89000 · 1.88503 · 1.88500