GBPUSD London briefing — 2026-05-11

BIAS BULLISH. H4 EMA bullish overrides divergent H1 and neutral D1; RSI neutral supports continuation above 1.36. KEY LEVELS R: 1.365, 1.36575, 1.37 | S: 1.36, 1.355, 1.34512 NEWS 🟡 Existing Home Sales Change (MoM) – 14:00 UTC 🔴 3-Month Bill Auction – 15:30 UTC SESSION OUTLOOK Watch USD weakness ahead of housing data at 14:00. Auction at 15:30 may spark volatility; buyers should target 1.365 resistance if momentum holds. PRO UNLOCKS Entry 1.3608 | SL 1.3551 | TP1 1.3650 | TP2 1.3698 | FVG 1.3620–1.3

Key Levels

R: 1.36500 · 1.36575 · 1.37000

S: 1.36000 · 1.35500 · 1.34512