GBPAUD London briefing — 2026-10-26

BIAS BEARISH. D1 structure, H4 EMA, and H1 EMA combine to drive downside; liquidity sweep of lows and H1 FVGs add friction despite H4 FVG bullish signals. KEY LEVELS R: 1.905, 1.91, 1.92264 | S: 1.9, 1.895, 1.88391 NEWS 🟡 BRC Shop Price Index YoY (GBP) – Tue 27 Oct 00:01 UTC 🔴 RBA Governor Bullock speech (AUD) – Wed 28 Oct 00:15 UTC 🟡 Consumer Price Index MoM (AUD) – Wed 28 Oct 00:30 UTC SESSION OUTLOOK London opens into a bearish structure with support confluence at 1.9. Watch for H4 FVG rejection or H1 sweep

Key Levels

R: 1.90500 · 1.91000 · 1.92264

S: 1.90000 · 1.89500 · 1.88391