GBPUSD London briefing — 2026-10-05

BIAS BEARISH. D1 + H4 + H1 EMAs aligned bearish; H1 FVG reinforces downside; RSI neutral supports continuation without reversal signals. KEY LEVELS R: 1.325, 1.33, 1.35682 | S: 1.32, 1.31814, 1.315 NEWS 🟡 GBP PMI Composite & Services (08:30 UTC) — LOW impact 🟡 USD PMI Composite (13:45 UTC) — MEDIUM impact SESSION OUTLOOK London opens into weak UK data risk. Watch 1.32 support hold or breach into afternoon US PMI release.

Key Levels

R: 1.32500 · 1.33000 · 1.35682

S: 1.32000 · 1.31814 · 1.31500