GBPUSD London briefing — 2026-06-05

BIAS NEUTRAL — H4 bearish EMA conflicts with H1 neutral; RSI at midpoint (49.75) offers no directional conviction. D1 structure neutral. No edge. KEY LEVELS R: 1.345, 1.35, 1.35095 | S: 1.34, 1.335, 1.33039 NEWS 🔴 Average Hourly Earnings MoM (USD) — 12:30 UTC 🔴 Average Hourly Earnings YoY (USD) — 12:30 UTC 🟡 Average Weekly Hours (USD) — 12:30 UTC SESSION OUTLOOK US jobs data at 12:30 UTC drives volatility; watch 1.345 resistance and 1.34 support as anchors. Stronger USD expected if earnings data beats. PRO UNLOCKS Entry, SL, TP1, TP2,

Key Levels

R: 1.34500 · 1.35000 · 1.35095

S: 1.34000 · 1.33500 · 1.33039