GBPUSD London briefing — 2026-05-28

BIAS BEARISH. H4/H1 EMAs aligned downward despite bullish D1 structure; RSI 37.73 supports weakness. KEY LEVELS R: 1.345, 1.35, 1.36524 | S: 1.34, 1.335, 1.33039 NEWS 🔴 Core PCE MoM Thu 12:30 UTC 🔴 Core PCE YoY Thu 12:30 UTC 🟡 Jobless Claims Thu 12:30 UTC SESSION OUTLOOK High inflation data could spark USD strength. Watch 1.34 hold; break below targets 1.335 continuation. PRO UNLOCKS Entry 1.3398 | SL 1.3465 | TP1 1.3350 | TP2 1.3300 | FVG 1.3420–1.3440

Key Levels

R: 1.34500 · 1.35000 · 1.36524

S: 1.34000 · 1.33500 · 1.33039