GBPUSD London briefing — 2026-08-03

BIAS BULLISH — H4 EMA bullish with price above 1.34645, though H1 neutral and RSI mid-range limit upside conviction. KEY LEVELS R: 1.35, 1.355, 1.35583 | S: 1.345, 1.34, 1.32733 NEWS 🟡 GBP PMI 08:30 UTC | 🟡 USD PMI 13:45 UTC | 🟡 Construction Spend 14:00 UTC SESSION OUTLOOK Early UK PMI may set tone; later USD data could clash with GBP momentum. Watch 1.345 hold for continuation.

Key Levels

R: 1.35000 · 1.35500 · 1.35583

S: 1.34500 · 1.34000 · 1.32733