GBPAUD London briefing — 2026-10-16

BIAS BULLISH. D1 + H4 + H1 trend alignment and H4 fair value gaps drive upside; RSI overbought cautions but does not negate. KEY LEVELS R: 1.92, 1.92264, 1.925 | S: 1.915, 1.91, 1.87392 NEWS CFTC AUD NC Net Positions (Fri 19:30 UTC) 🟡 | CFTC GBP NC Net Positions (Fri 19:30 UTC) 🟡 SESSION OUTLOOK London opens into resistance cluster 1.92–1.925. Watch H1 bearish FVG rejection for pullback entry into support 1.915.

Key Levels

R: 1.92000 · 1.92264 · 1.92500

S: 1.91500 · 1.91000 · 1.87392