GBPUSD London briefing — 2026-05-13

BIAS BEARISH. H1 EMA bearish diverges D1 neutral; RSI 38.82 supports downside momentum initiation. KEY LEVELS R: 1.355, 1.36, 1.36575 | S: 1.35, 1.34539, 1.345 NEWS 🟡 NIESR GDP Estimate 11:00 UTC 🟡 MBA Mortgage Applications 11:00 UTC 🟡 US PPI MoM 12:30 UTC SESSION OUTLOOK London opens into mixed macro data. Watch PPI reaction for USD strength confirmation; support 1.35 key hold for bearish continuation. PRO UNLOCKS Entry 1.3515 | SL 1.356 | TP1 1.3485 | TP2 1.3420 | FVG 1.3545-1.3520 |

Key Levels

R: 1.35500 · 1.36000 · 1.36575

S: 1.35000 · 1.34539 · 1.34500