GBPUSD London briefing — 2026-09-22

BIAS BEARISH. D1 + H4 + H1 EMA alignment, H4 and H1 fair value gaps, and bearish D1 structure drive directional conviction. KEY LEVELS R: 1.34, 1.345, 1.35682 | S: 1.335, 1.33355, 1.33 NEWS 🟡 ADP Employment Change 4-week average (USD) 12:15 UTC 🟡 Redbook Index (USD) 12:55 UTC 🟡 Richmond Fed Manufacturing Index (USD) 14:00 UTC SESSION OUTLOOK London opens into soft USD data. Watch for liquidity tests of 1.335 resistance rejection; bearish FVG zones remain key targets below current price.

Key Levels

R: 1.34000 · 1.34500 · 1.35682

S: 1.33500 · 1.33355 · 1.33000