GBPUSD London briefing — 2026-10-07

BIAS BEARISH. D1 structure + H4 EMA + H1 EMA combined trend vote, supported by H1 fair value gap bearish signal, override neutral RSI and H4 FVG bullish noise. KEY LEVELS R: 1.325, 1.33, 1.35601 | S: 1.32, 1.31814, 1.315 NEWS 🟡 MBA Mortgage Applications (USD) Wed 11:00 UTC 🟡 EIA Crude Oil Stocks Change (USD) Wed 14:30 UTC 🟡 EIA Distillate Stocks Change (USD) Wed 14:30 UTC SESSION OUTLOOK London open tests 1.325 resistance; watch for H1 FVG continuation lower toward 1.32 support. Low-impact data poses minimal intraday friction.

Key Levels

R: 1.32500 · 1.33000 · 1.35601

S: 1.32000 · 1.31814 · 1.31500