GBPUSD London briefing — 2026-08-17

BIAS BULLISH — H4/H1 EMAs aligned bullish, D1 structure bullish; RSI overbought warns of pullback risk but doesn't negate directional bias. KEY LEVELS R: 1.35648, 1.36, 1.365 | S: 1.355, 1.35, 1.32795 NEWS 🟡 NY Empire State Manufacturing (Mon 12:30 UTC) 🟡 NAHB Housing Index (Mon 14:00 UTC) 🟡 3-Month Bill Auction (Mon 15:30 UTC) SESSION OUTLOOK Watch for London to test 1.365 resistance. Medium USD events mid-London may trigger pullback to 1.355 support; use dips as entries if trend structure holds.

Key Levels

R: 1.35648 · 1.36000 · 1.36500

S: 1.35500 · 1.35000 · 1.32795