GBPUSD London briefing — 2026-09-04

BIAS NEUTRAL — H4 bullish EMA conflicts with H1 neutral and daily bearish structure; RSI middling at 57.48 offers no directional edge. KEY LEVELS R: 1.355, 1.36, 1.36752 | S: 1.35, 1.34751, 1.345 NEWS 🔴 BoE Governor Bailey speech 08:50 UTC | 🔴 US Avg Hourly Earnings 12:30 UTC | 🟡 GBP Construction PMI 08:30 UTC SESSION OUTLOOK Bailey speech and US wage data create volatility risk. Watch 1.355 resistance; breach favors bulls, hold favors bears into US data.

Key Levels

R: 1.35500 · 1.36000 · 1.36752

S: 1.35000 · 1.34751 · 1.34500