GBPUSD London briefing — 2026-08-10

BIAS BULLISH. H4 and H1 EMAs aligned uptrend; D1 structure bullish; RSI neutral at 56.94 supports continuation without overbought risk. KEY LEVELS R: 1.35093, 1.355 | S: 1.345, 1.34, 1.32733 NEWS 🟡 BRC Like-For-Like Retail Sales (GBP) – Mon 23:01 UTC | 🔴 USD Bill Auctions – Mon 15:30 UTC SESSION OUTLOOK London open favours long bias into 1.35 resistance. Evening retail sales data (GBP) may spark volatility; watch USD bill auction earlier for dollar weakness signals.

Key Levels

R: 1.35000 · 1.35093 · 1.35500

S: 1.34500 · 1.34000 · 1.32733