GBPUSD Asia briefing — 2026-05-11

BIAS BEARISH. D1 structure neutral but RSI(42.76) below 50 with H4/H1 divergence favors downside continuation from 1.35835. KEY LEVELS R: 1.36, 1.365, 1.36575 | S: 1.355, 1.35, 1.34512 NEWS 🟡 Existing Home Sales Change (MoM) Mon 14:00 UTC 🟡 3-Month Bill Auction Mon 15:30 UTC SESSION OUTLOOK Asia opens neutral; watch USD data at London overlap for directional trigger toward support. Risk remains capped at 1.36. PRO UNLOCKS Entry 1.3575, SL 1.3665, TP1 1.355, TP2 1.3451 — FVG 1.356–1.3575 — Liquidity sweep 1

Key Levels

R: 1.36000 · 1.36500 · 1.36575

S: 1.35500 · 1.35000 · 1.34512