GBPUSD London briefing — 2026-05-12

BIAS BULLISH. D1 structure dominates despite neutral H4/H1 EMAs; RSI(36) confirms pullback setup within uptrend. KEY LEVELS R: 1.36575, 1.36, 1.355 | S: 1.35, 1.34512, 1.345 NEWS 🔴 CPI MoM (USD) 12:30 UTC — potential GBP volatility spike 🟡 ADP Employment 4-week avg 12:15 UTC 🟡 NFIB Business Optimism 10:00 UTC SESSION OUTLOOK CPI release at 12:30 UTC will drive intraday direction; watch for rejection at 1.36 resistance or dip-buy opportunity near 1.35 support during London mid-session. PRO UNLOCKS [Exact entries, stops, targets, FVG zones, liquidity

Key Levels

R: 1.35500 · 1.36000 · 1.36575

S: 1.35000 · 1.34512 · 1.34500