GBPUSD London briefing — 2026-07-17

BIAS BULLISH. Daily structure bullish; H4 EMA confirms upside. H1 neutral divergence suggests caution on intraday momentum—RSI neutral at 54.92 prevents aggressive conviction. KEY LEVELS R: 1.35, 1.355, 1.35583 | S: 1.345, 1.34, 1.31914 NEWS 🟡 Building Permits MoM (USD) – Fri 17 Jul, 12:30 UTC [MEDIUM] SESSION OUTLOOK Building Permits data may trigger volatility into London close. Watch 1.35 resistance; break confirms H4 bullish bias. Support at 1.345 critical if data disappoints. PRO UNLOCKS Entry zones, SL placement, TP clusters, FVG liquidity sweeps, Fibonacci extension targets—unlock with Pro subscription.

Key Levels

R: 1.35000 · 1.35500 · 1.35583

S: 1.34500 · 1.34000 · 1.31914