GBPUSD London briefing — 2026-07-08

BIAS BEARISH. RSI overbought at 78 signals pullback risk; H1 bullish vs H4 neutral creates near-term conflict, but daily structure remains neutral—genuine consolidation setup. KEY LEVELS R: 1.34, 1.345, 1.34614 | S: 1.335, 1.33, 1.31416 NEWS 🟡 MBA Mortgage Applications 11:00 UTC 🟡 Wholesale Inventories 14:00 UTC 🟡 EIA Crude Oil Stocks 14:30 UTC SESSION OUTLOOK Watch 1.34 resistance rejection; London open volatility may test H1 bull momentum. Low-impact data unlikely to spark directional moves. PRO UNLOCKS Entry rules, stops, targets, FVG anchors, liquidity arrays—unlock with Pro

Key Levels

R: 1.34000 · 1.34500 · 1.34614

S: 1.33500 · 1.33000 · 1.31416