GBPAUD London briefing — 2026-11-04

BIAS BULLISH. H4 and H1 EMAs aligned bullish; H4/H1 fair value gaps support upside; trend vote composite confirms direction despite bearish D1 structure. KEY LEVELS R: 1.93, 1.935, 1.93623 | S: 1.925, 1.92, 1.88572 NEWS 🟡 S&P Global Composite PMI (GBP) Wed 09:30 UTC 🟡 S&P Global Services PMI (GBP) Wed 09:30 UTC 🟡 Exports MoM (AUD) Thu 00:30 UTC SESSION OUTLOOK UK PMI data arrives early London session; watch reaction at 1.93 resistance. FVG zones remain primary targets if PMI fails to trigger reversal.

Key Levels

R: 1.93000 · 1.93500 · 1.93623

S: 1.92500 · 1.92000 · 1.88572