GBPAUD London briefing — 2026-09-22

BIAS BEARISH. H4 and H1 EMAs aligned downward; H4 fair value gaps confirm bearish pressure despite bullish D1 structure. KEY LEVELS R: 1.88, 1.885, 1.89509 | S: 1.875, 1.8731, 1.87 NEWS 🟡 S&P Global Composite/Manufacturing/Services PMI (AUD) — Tue 23:00 UTC SESSION OUTLOOK AUD PMI data may trigger volatility. Watch resistance 1.88 for rejection confirmation; support 1.875 guards downside intent.

Key Levels

R: 1.88000 · 1.88500 · 1.89509

S: 1.87500 · 1.87310 · 1.87000