GBPUSD London briefing — 2026-10-06

BIAS BEARISH. D1 + H4 + H1 EMA alignment drives directional conviction despite bullish FVGs on intraday timeframes and neutral RSI. KEY LEVELS R: 1.325, 1.33, 1.35682 | S: 1.32, 1.31814, 1.315 NEWS 🟡 S&P Global Construction PMI (GBP) 08:30 UTC 🟡 BoE Mann speech 08:40 UTC 🟡 ADP Employment 4-week avg (USD) 12:15 UTC SESSION OUTLOOK Watch for initial direction into Construction PMI and Mann remarks; USD data follows late-session. Intraday FVGs may trap longs before bearish structure resumes.

Key Levels

R: 1.32500 · 1.33000 · 1.35682

S: 1.32000 · 1.31814 · 1.31500