GBPUSD London briefing — 2026-08-31

BIAS BEARISH — D1 structure confirms downside; H1/H4 EMA divergence and RSI 41 (neutral-leaning weak) lack bullish conviction to challenge resistance. KEY LEVELS R: 1.36, 1.36752 | S: 1.345, 1.3475, 1.35 NEWS 🟡 Dallas Fed Manufacturing (14:30 UTC) 🟡 3M & 6M Bill Auctions (15:30 UTC) SESSION OUTLOOK London open may test support structure near 1.345–1.35. USD data mid-session could trigger volatility; watch RSI for oversold confirmation.

Key Levels

R: 1.35500 · 1.36000 · 1.36752

S: 1.35000 · 1.34750 · 1.34500