GBPUSD London briefing — 2026-07-21

BIAS BULLISH. H4/H1 EMA aligned upward; RSI neutral near midpoint supports continuation. D1 bearish structure creates headwind but intraday momentum favors buyers. KEY LEVELS R: 1.345, 1.35, 1.35583 | S: 1.34, 1.335, 1.3269 NEWS 🟡 ADP Employment Change 4-week avg (Tue 12:15 UTC) 🟡 Redbook Index YoY (Tue 12:55 UTC) 🟡 API Crude Oil Stock (Tue 20:30 UTC) SESSION OUTLOOK Watch ADP/Redbook for USD strength around London open. Intraday bulls target 1.345; breaks below 1.34 risk shift toward D1 bearish bias. PRO UNLOCKS Entry, SL, TP1, TP

Key Levels

R: 1.34500 · 1.35000 · 1.35583

S: 1.34000 · 1.33500 · 1.32690