GBPUSD London briefing — 2026-05-18

BIAS BEARISH — H4 EMA bearish overrides neutral D1; RSI 42 supports downside continuation. KEY LEVELS R: 1.34, 1.345, 1.36575 | S: 1.335, 1.33039, 1.33 NEWS 🟡 BoE Greene speech 07:35 UTC 🟡 BoE Mann speech 08:30 UTC 🟡 NAHB Housing Index 14:00 UTC SESSION OUTLOOK BoE speakers may pressure GBP. Watch 1.335 support hold; breach targets 1.33039. USD weakness from housing data could trigger quick reversals. PRO UNLOCKS Entry 1.33513, SL 1.3465, TP1 1.33039, TP2 1.33 | FVG 1.3380–1.3390 |

Key Levels

R: 1.34000 · 1.34500 · 1.36575

S: 1.33500 · 1.33039 · 1.33000