GBPUSD London briefing — 2026-06-03

BIAS BEARISH. H4 EMA bearish with RSI neutral (43.89) supports downside bias; D1 structure remains neutral, so conviction is moderate—not extreme. KEY LEVELS R: 1.345, 1.35, 1.35095 | S: 1.34, 1.335, 1.33039 NEWS 🟡 S&P Global Composite PMI (GBP) 08:30 UTC 🟡 S&P Global Services PMI (GBP) 08:30 UTC 🟡 MBA Mortgage Applications (USD) 11:00 UTC SESSION OUTLOOK UK PMI data at 08:30 UTC will set London tone. Watch for break below 1.345 resistance to confirm bearish momentum toward 1.34 support. PRO UNLOCKS Entry signals, stops, targets, FVG zones, liquidity sweeps—Pro

Key Levels

R: 1.34500 · 1.35000 · 1.35095

S: 1.34000 · 1.33500 · 1.33039