GBPAUD London briefing — 2026-09-04

BIAS BEARISH. H4 and H1 EMAs aligned downward; RSI neutral at 41.35 supports continuation without overbought risk. KEY LEVELS R: 1.885, 1.89, 1.91912 | S: 1.88, 1.875, 1.87478 NEWS 🔴 BoE Governor Bailey speech 08:50 UTC (GBP catalyst) 🟡 S&P Global Construction PMI 08:30 UTC (GBP) 🟡 CFTC AUD NC Net Positions 19:30 UTC (AUD) SESSION OUTLOOK Bailey speech could spark GBP volatility around resistance zone. Watch 1.88 hold as pivot; break below opens 1.875.

Key Levels

R: 1.88500 · 1.89000 · 1.91912

S: 1.88000 · 1.87500 · 1.87478