GBPUSD London briefing — 2026-07-28

BIAS BEARISH. H4/H1 EMAs aligned downtrend, RSI neutral (38.77) confirms no overbought bounce; D1 structure supports lower. KEY LEVELS R: 1.335, 1.34, 1.35583 | S: 1.33, 1.32844, 1.325 NEWS 🟡 ADP Employment 4-week avg (Tue 12:15 UTC) 🟡 Goods Trade Balance (Tue 12:30 UTC) 🟡 Wholesale Inventories (Tue 12:30 UTC) SESSION OUTLOOK Watch USD data at 12:15–12:30 UTC for volatility. Bearish bias favors hold below 1.335; test lower support if data strengthens dollar. PRO UNLOCKS [Entry zones, SL precision, TP clusters, FVG sweeps, liquidity p

Key Levels

R: 1.33500 · 1.34000 · 1.35583

S: 1.33000 · 1.32844 · 1.32500