GBPUSD London briefing — 2026-09-16

BIAS BEARISH. H4/H1 EMAs aligned downtrend; D1 structure confirmed bearish; RSI 40.92 neutral but not contradicting lower bias. KEY LEVELS R: 1.35, 1.355, 1.36013 | S: 1.34637, 1.345, 1.34 NEWS 🟡 DCLG House Price Index (Wed 08:30 UTC) 🟡 MBA Mortgage Applications (Wed 11:00 UTC) 🟡 Export Price Index (Wed 12:30 UTC) SESSION OUTLOOK London opens into softer economic data; watch 1.35 resistance hold. Cable likely probes support on risk-off tone.

Key Levels

R: 1.35000 · 1.35500 · 1.36013

S: 1.34637 · 1.34500 · 1.34000