GBPUSD London briefing — 2026-06-04

BIAS BEARISH. H4 and H1 EMAs aligned downward; RSI 35.86 neutral but price under pressure; D1 structure offers no counter-signal. KEY LEVELS R: 1.345, 1.35, 1.35095 | S: 1.34, 1.335, 1.33039 NEWS 🟡 S&P Global Construction PMI (GBP) 08:30 UTC 🟡 Challenger Job Cuts (USD) 11:30 UTC 🟡 Continuing Jobless Claims (USD) 12:30 UTC SESSION OUTLOOK Construction PMI and US jobless data arrive during London hours. Monitor Cable reaction at 1.345 resistance; weakness targets 1.34 support. PRO UNLOCKS Entry trigger zones, stop placement, FVG liquidity, Fib retracements, micro-structure sweeps—unlock

Key Levels

R: 1.34500 · 1.35000 · 1.35095

S: 1.34000 · 1.33500 · 1.33039