GBPUSD London briefing — 2026-08-12

BIAS BULLISH. H4/H1 EMAs aligned uptrend, D1 structure bullish, RSI neutral (59.69) — no overbought signal yet. KEY LEVELS R: 1.35312, 1.355, 1.36 | S: 1.35, 1.345, 1.32733 NEWS 🔴 CPI MoM/YoY (USD) Wed 12:30 UTC — high impact volatility expected. SESSION OUTLOOK CPI print at London mid-session will dictate momentum. Strong data risks USD strength; weak data sustains GBP upside to 1.355 resistance.

Key Levels

R: 1.35312 · 1.35500 · 1.36000

S: 1.35000 · 1.34500 · 1.32733