GBPUSD London briefing — 2026-08-04

BIAS BULLISH. D1 structure supports upside; H4 EMA bullish despite H1 neutrality and RSI 47 showing no overbought pressure. KEY LEVELS R: 1.345, 1.35, 1.3546 | S: 1.34, 1.335, 1.32733 NEWS 🟡 Goods & Services Trade Balance (USD) 12:30 UTC 🟡 Goods Trade Balance (USD) 12:30 UTC 🟡 Redbook Index YoY (USD) 12:55 UTC SESSION OUTLOOK Watch 1.345 resistance into US data. Soft economic reads may cap dollar strength; break above 1.345 confirms daily bias continuation.

Key Levels

R: 1.34500 · 1.35000 · 1.35460

S: 1.34000 · 1.33500 · 1.32733