GBPAUD London briefing — 2026-09-21

BIAS BEARISH. D1 trend, H4 EMA, and H1 EMA aligned downward; H4 and H1 fair value gaps reinforce lower direction. KEY LEVELS R: 1.88, 1.885, 1.89536 | S: 1.875, 1.8731, 1.87 NEWS 🔴 RBA Governor Bullock speech (Tue 03:10 UTC) 🟡 S&P Global Composite PMI AUD (Tue 23:00 UTC) SESSION OUTLOOK London session opens with bearish structure intact. Watch 1.88 resistance; break below 1.875 targets 1.8731 support ahead of RBA speech overnight.

Key Levels

R: 1.88000 · 1.88500 · 1.89536

S: 1.87500 · 1.87310 · 1.87000