GBPUSD London briefing — 2026-06-12

BIAS BULLISH. H1 EMA bullish despite H4 neutral and RSI at midpoint; D1 structure neutral doesn't contradict upside momentum on shorter timeframes. KEY LEVELS R: 1.34, 1.345, 1.35095 | S: 1.335, 1.33056, 1.33 NEWS 🟡 Consumer Inflation Expectations (GBP) 08:30 UTC 🟡 NIESR GDP Estimate (GBP) 11:00 UTC 🟡 Michigan Consumer Expectations (USD) 14:00 UTC SESSION OUTLOOK London open tests 1.34 resistance on H1 bullish structure. GBP inflation data risk before noon; watch USD reaction to Michigan data for directional confirmation. PRO UNLOCKS Entry zones, SL/TP placement, liquidity sweeps, Fibonacci targets, FVG identification —

Key Levels

R: 1.34000 · 1.34500 · 1.35095

S: 1.33500 · 1.33056 · 1.33000