GBPUSD London briefing — 2026-08-20

BIAS NEUTRAL — EMAs bullish yet RSI overbought at 73; D1 structure supports upside but momentum exhaustion signals conflict. KEY LEVELS R: 1.36294, 1.365, 1.37 | S: 1.36, 1.355, 1.34183 NEWS 🟡 Initial Jobless Claims (USD) — Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) — Thu 12:30 UTC SESSION OUTLOOK Jobless data may stabilize GBP strength or trigger USD relief. Watch 1.365 rejection; breakdown below 1.36 signals momentum fade.

Key Levels

R: 1.36294 · 1.36500 · 1.37000

S: 1.36000 · 1.35500 · 1.34183