GBPUSD London briefing — 2026-08-26

BIAS BULLISH — H4 EMA bullish supports upside, though H1 neutral and RSI mid-range (51) suggest caution; D1 structure neutral keeps risk capped. KEY LEVELS R: 1.365, 1.36752, 1.37 | S: 1.36, 1.355, 1.34347 NEWS 🔴 Core PCE MoM & YoY — Wed 12:30 UTC (USD inflation data; high impact) 🟡 MBA Mortgage Apps — Wed 11:00 UTC (low impact) SESSION OUTLOOK Core PCE releases mid-session; USD strength could test GBP downside. Watch 1.365 resistance and 1.36 support for intraday ranges.

Key Levels

R: 1.36500 · 1.36752 · 1.37000

S: 1.36000 · 1.35500 · 1.34347