GBPUSD Asia briefing — 2026-08-05

BIAS BULLISH — H4/H1 EMA aligned bullish, D1 structure supports upside, RSI neutral avoids overbought friction. KEY LEVELS R: 1.35065, 1.355 | S: 1.345, 1.34, 1.32733 NEWS 🟡 S&P Global Composite PMI (GBP) 08:30 UTC 🟡 S&P Global Services PMI (GBP) 08:30 UTC 🟡 MBA Mortgage Applications (USD) 11:00 UTC SESSION OUTLOOK Watch PMI data for GBP volatility around 08:30; weakness could test 1.345 support. USD mortgage apps follow 3 hours later.

Key Levels

R: 1.35000 · 1.35065 · 1.35500

S: 1.34500 · 1.34000 · 1.32733