GBPUSD London briefing — 2026-09-29

BIAS BEARISH. D1 + H4 + H1 EMAs aligned downward; H4 and H1 fair value gaps confirm lower direction; RSI neutral supports continuation without overbought risk. KEY LEVELS R: 1.325, 1.33, 1.35682 | S: 1.32048, 1.32, 1.315 NEWS 🟡 Consumer Credit, M4 Money Supply (MoM/YoY) — Tue 08:30 UTC. Low impact. SESSION OUTLOOK Watch for breaks below 1.32048 to confirm bearish continuation. London open may test resistance 1.325 before rolling lower.

Key Levels

R: 1.32500 · 1.33000 · 1.35682

S: 1.32048 · 1.32000 · 1.31500