GBPUSD London briefing — 2026-08-07

BIAS NEUTRAL — H4 bullish vs H1 neutral with RSI mid-range (47.76) and flat D1 structure create conflicting signals; no genuine edge. KEY LEVELS R: 1.345, 1.35, 1.35065 | S: 1.34, 1.335, 1.32733 NEWS 🔴 Average Hourly Earnings MoM (USD) – Fri 12:30 UTC 🔴 Average Hourly Earnings YoY (USD) – Fri 12:30 UTC 🟡 Average Weekly Hours (USD) – Fri 12:30 UTC SESSION OUTLOOK US jobs data arrives mid-London session; expect volatility around 1.345–1.35 resistance. Watch for USD strength reaction before London close.

Key Levels

R: 1.34500 · 1.35000 · 1.35065

S: 1.34000 · 1.33500 · 1.32733