GBPUSD Asia briefing — 2026-10-23

BIAS BULLISH. D1 structure, H4 EMA, and H1 EMA alignment combined with bullish H4 fair value gaps drive conviction; H1 bearish FVGs noted but subordinate to higher timeframe structure. KEY LEVELS R: 1.345, 1.35 | S: 1.34, 1.335, 1.31382 NEWS 🔴 Retail Sales (MoM) GBP 06:00 UTC | 🟡 Retail Sales (YoY) GBP 06:00 UTC | 🟡 Retail Sales ex-Fuel (MoM) GBP 06:00 UTC SESSION OUTLOOK High-impact UK retail data at London open. Watch price reaction near 1.34 support; bullish structure favors holds above support into data volatility.

Key Levels

R: 1.34198 · 1.34500 · 1.35000

S: 1.34000 · 1.33500 · 1.31382