GBPUSD London briefing — 2026-05-04

BIAS BULLISH. D1 structure dominates; H4 EMA bullish confirms despite H1 neutrality and RSI midratio. KEY LEVELS R: 1.36, 1.365, 1.36575 | S: 1.355, 1.35, 1.34512 NEWS 🟡 Factory Orders (USD) 14:00 UTC | 🟡 3M Bill Auction (USD) 15:30 UTC | 🟡 6M Bill Auction (USD) 15:30 UTC SESSION OUTLOOK Watch Factory Orders reaction; USD volatility likely ahead of auctions. Bias favors pushes toward 1.36 resistance on dips to 1.355 support. PRO UNLOCKS Entry zones, SL placement, TP1/TP2, FVG liquidity sweeps, Fibonacci extensions—unlock with Pro

Key Levels

R: 1.36000 · 1.36500 · 1.36575

S: 1.35500 · 1.35000 · 1.34512