GBPUSD London briefing — 2026-09-03

BIAS BEARISH. D1 structure confirms downtrend; H1 EMA bearish despite H4 neutral and RSI mid-range—lower timeframes drive entry logic. KEY LEVELS R: 1.35, 1.355, 1.36752 | S: 1.34751, 1.345, 1.34 NEWS 🔴 BoE Monetary Policy Report Hearings – 09:15 UTC 🟡 S&P Global Composite PMI – 08:30 UTC 🟡 S&P Global Services PMI – 08:30 UTC SESSION OUTLOOK PMI prints precede BoE testimony; volatility likely around 08:30–09:15. Watch support holds at 1.34751 for conviction.

Key Levels

R: 1.35000 · 1.35500 · 1.36752

S: 1.34751 · 1.34500 · 1.34000