GBPUSD London briefing — 2026-05-21

BIAS BULLISH — D1 structure overrides H4 bearish EMA; RSI neutral supports upside momentum. KEY LEVELS R: 1.345, 1.35, 1.36524 | S: 1.34, 1.335, 1.33039 NEWS 🔴 S&P Global Composite PMI (GBP) — 08:30 UTC 🔴 S&P Global Manufacturing PMI (GBP) — 08:30 UTC 🔴 S&P Global Services PMI (GBP) — 08:30 UTC SESSION OUTLOOK PMI data cluster hits at London open—expect volatility around 1.345. Strong prints support bulls toward 1.35; weak data risks pullback to 1.34. PRO UNLOCKS Unlock exact entry, SL, TP1, TP2, FVG zones, liquidity sweep

Key Levels

R: 1.34500 · 1.35000 · 1.36524

S: 1.34000 · 1.33500 · 1.33039