GBPUSD London briefing — 2026-09-28

BIAS BEARISH. D1 + H4 + H1 EMA alignment, H4 and H1 fair value gaps, and bearish D1 structure drive directional conviction downward. KEY LEVELS R: 1.325 | 1.33 | 1.35682 | S: 1.32048 | 1.32 | 1.315 NEWS 🟡 BoE Ramsden speech (10:00 UTC) | 🟡 Dallas Fed Manufacturing Index (14:30 UTC) SESSION OUTLOOK Watch Ramsden remarks for GBP volatility. Bearish structure targets support; monitor H1 FVG zones for counter-moves around Ramsden.

Key Levels

R: 1.32500 · 1.33000 · 1.35682

S: 1.32048 · 1.32000 · 1.31500