GBPUSD Asia briefing — 2026-07-31

BIAS NEUTRAL. RSI overbought (75.44) contradicts H1 bullish EMA; H4 neutral. D1 structure lacks conviction. Pullback risk outweighs bullish momentum. KEY LEVELS R: 1.35, 1.355, 1.35583 | S: 1.345, 1.34, 1.32733 NEWS 🟡 Nationwide Housing Prices YoY/MoM (GBP) 06:00 UTC 🟡 Employment Cost Index (USD) 12:30 UTC SESSION OUTLOOK Asia session likely consolidates near 1.34627. Watch for UK housing data reaction; USD CPI print at London open may trigger volatility. Retest of 1.345 support probable before direction.

Key Levels

R: 1.35000 · 1.35500 · 1.35583

S: 1.34500 · 1.34000 · 1.32733