GBPAUD London briefing — 2026-10-20

BIAS BULLISH. D1 + H4 + H1 EMA alignment drives the upside bias despite H1/H4 fair value gaps leaning bearish and RSI neutral. KEY LEVELS R: 1.91, 1.915, 1.92264 | S: 1.905, 1.9, 1.87392 NEWS 🟡 GBP 10-y Bond Auction — Tue 20 Oct 09:30 UTC 🔴 GBP CPI (MoM/YoY) — Wed 21 Oct 06:00 UTC SESSION OUTLOOK London opens with structure aligned upward. Bond auction low-impact; watch CPI tomorrow as key risk to continuation.

Key Levels

R: 1.91000 · 1.91500 · 1.92264

S: 1.90500 · 1.90000 · 1.87392