GBPUSD London briefing — 2026-08-28

BIAS BEARISH. D1 structure bearish; H1 EMA bearish despite H4 neutral; RSI 37.7 shows room to probe lower without oversold confirmation yet. KEY LEVELS R: 1.36, 1.365, 1.36752 | S: 1.355, 1.35, 1.34526 NEWS 🔴 Fed Chair Warsh speech (14:00 UTC) 🟡 Chicago PMI (13:45 UTC) 🟡 Michigan Consumer Expectations (14:00 UTC) SESSION OUTLOOK Warsh speech dominates; USD strength could accelerate Cable weakness into London close. Watch 1.355 hold as pivot.

Key Levels

R: 1.36000 · 1.36500 · 1.36752

S: 1.35500 · 1.35000 · 1.34526