GBPUSD London briefing — 2026-05-19

BIAS BEARISH. D1 structure overrides divergent H4/H1; RSI neutral supports lower timeframe weakness. KEY LEVELS R: 1.34, 1.345, 1.36575 | S: 1.335, 1.33039, 1.33 NEWS 🟡 BoE Breeden speech 08:10 UTC | 🟡 ADP Employment 12:15 UTC | 🟡 Redbook Index 12:55 UTC SESSION OUTLOOK Breeden speech and USD employment data converge mid-session. Watch 1.335 support; break targets 1.33039. PRO UNLOCKS Entry 1.3396→1.3375, SL 1.3415, TP1 1.3352, TP2 1.3300, FVG 1.3380–1.3390, liquidity sweep

Key Levels

R: 1.34000 · 1.34500 · 1.36575

S: 1.33500 · 1.33039 · 1.33000