GBPUSD London briefing — 2026-05-29

BIAS BEARISH — H4/H1 EMAs aligned downward; RSI neutral supports continuation lower via D1 structure. KEY LEVELS R: 1.345, 1.35, 1.36524 | S: 1.34, 1.335, 1.33039 NEWS 🔴 BoE Governor Bailey speech 08:20 UTC 🟡 Fed Schmid speech 10:50 UTC 🟡 US Goods Trade Balance 12:30 UTC SESSION OUTLOOK Bailey speech volatility likely; USD strength from Fed commentary may pressure GBP lower into London close. PRO UNLOCKS Entry 1.3418, SL 1.3465, TP1 1.3350, TP2 1.3304, FVG 1.3440-1.3455, premium unlock PRO.

Key Levels

R: 1.34500 · 1.35000 · 1.36524

S: 1.34000 · 1.33500 · 1.33039