GBPUSD London briefing — 2026-08-21

BIAS NEUTRAL — EMA bullish structure conflicts with RSI overbought (75.5); D1 bullish but momentum exhaustion signals caution. KEY LEVELS R: 1.365, 1.36584, 1.37 | S: 1.36, 1.355, 1.34183 NEWS 🔴 S&P Global PMI (Composite/Manufacturing/Services) — Fri 21 Aug, 08:30 UTC SESSION OUTLOOK PMI data drops at London open; expect volatility around 1.365 resistance. Overbought RSI may trigger pullback even if data beats; watch rejection patterns.

Key Levels

R: 1.36500 · 1.36584 · 1.37000

S: 1.36000 · 1.35500 · 1.34183