GBPUSD London briefing — 2026-10-09

BIAS BEARISH. Trend vote (D1+H4+H1 EMA combined) and dual H4/H1 fair value gaps align downside; RSI neutral permits continuation. KEY LEVELS R: 1.325, 1.33, 1.35293 | S: 1.32, 1.31814, 1.315 NEWS 🔴 Michigan Consumer Sentiment Index (Fri 14:00 UTC) 🟡 Michigan Consumer Expectations & UoM Inflation Expectations (Fri 14:00 UTC) SESSION OUTLOOK Watch US data at 14:00 for volatility into London close. Bearish structure targets support if momentum holds; watch 1.325 resistance rejection.

Key Levels

R: 1.32500 · 1.33000 · 1.35293

S: 1.32000 · 1.31814 · 1.31500