GBPUSD London briefing — 2026-07-03

BIAS BULLISH with caution: D1 structure supports upside, but RSI overbought at 74.36 and H4 neutrality create pullback risk despite H1 strength. KEY LEVELS R: 1.34, 1.345, 1.34614 | S: 1.335, 1.33, 1.31416 NEWS 🔴 BoE Governor Bailey speech 15:00 UTC (high impact) | 🟡 S&P PMI composites 08:30 UTC (low impact) SESSION OUTLOOK Early PMI data may trigger volatility; Bailey speech dominates afternoon. Watch 1.34 resistance rejection or break into London peak hours. PRO UNLOCKS Entry zones, optimal SL placement, TP clusters, liquidity sweeps, FVG invalidation levels — unlock with Pro subscription.

Key Levels

R: 1.34000 · 1.34500 · 1.34614

S: 1.33500 · 1.33000 · 1.31416