GBPAUD London briefing — 2026-09-03

BIAS BEARISH. H4 and H1 EMAs aligned downtrend; RSI 35 confirms weakness; D1 neutral doesn't override the directional confluence. KEY LEVELS R: 1.885, 1.89, 1.91912 | S: 1.88018, 1.88, 1.875 NEWS 🔴 BoE Monetary Policy Report Hearings 09:15 UTC | 🟡 S&P Global PMI (Composite & Services) 08:30 UTC SESSION OUTLOOK PMI data precedes BoE testimony; weak UK data could extend bearish momentum. Watch 1.88 support hold or break lower.

Key Levels

R: 1.88500 · 1.89000 · 1.91912

S: 1.88018 · 1.88000 · 1.87500