GBPUSD London briefing — 2026-05-08

BIAS BEARISH. D1 structure trumps H4 bullish EMA; neutral RSI offers no support. KEY LEVELS R: 1.36, 1.365, 1.36575 | S: 1.355, 1.35, 1.34512 NEWS 🔴 BoE Governor Bailey speech (12:20 UTC) 🔴 US Avg Hourly Earnings (12:30 UTC) 🟡 Fed Cook speech (09:45 UTC) SESSION OUTLOOK Bailey and wage data dominate. Watch for GBP volatility around noon; USD strength via earnings could pressure cable lower into London close. PRO UNLOCKS Entry 1.3575, SL 1.3665, TP 1.3450, FVG 1.3520–1.3540, liquidity sweep 1.365 — unlock with Pro

Key Levels

R: 1.36000 · 1.36500 · 1.36575

S: 1.35500 · 1.35000 · 1.34512