GBPAUD New York briefing — 2026-06-01

BIAS BEARISH — Daily structure bearish; RSI neutral at 59 confirms no overbought condition to fade the move lower; H4/H1 EMAs neutral suggest weak momentum but price near support allows downside continuation. KEY LEVELS R: 1.88, 1.885, 1.891 | S: 1.875, 1.87, 1.85392 NEWS 🟡 Building Permits MoM (AUD) — Tue 02 Jun 01:30 UTC 🟡 Building Permits YoY (AUD) — Tue 02 Jun 01:30 UTC SESSION OUTLOOK AUD data (medium impact) overnight may pressure GBP/AUD lower if permits weaken. Watch 1.875 support hold; break confirms deeper move toward 1.87. PRO UNLOCKS Exact entries, SL, TP1/TP2, FV

Key Levels

R: 1.88000 · 1.88500 · 1.89100

S: 1.87500 · 1.87000 · 1.85392