GBPUSD London briefing — 2026-05-15

BIAS BULLISH — D1 structure overrides bearish H4/H1 EMAs; RSI oversold at 23.33 signals reversal potential. KEY LEVELS R: 1.34, 1.345, 1.36575 | S: 1.335, 1.33367, 1.33 NEWS 🟡 Empire State Manufacturing (12:30 UTC) 🟡 Industrial Production MoM (13:15 UTC) 🟡 Capacity Utilization (13:15 UTC) SESSION OUTLOOK USD data arrives mid-session; watch for dollar weakness to fuel GBP recovery toward 1.34. RSI divergence + support holds = bullish confirmation. PRO UNLOCKS Entry 1.3365, SL 1.33, TP1 1.34, TP2 1.345, FVG 1.3372–1.3

Key Levels

R: 1.34000 · 1.34500 · 1.36575

S: 1.33500 · 1.33367 · 1.33000