GBPUSD London briefing — 2026-10-13

BIAS BEARISH. D1 trend, H4 EMA, and H1 EMA all aligned downside; H4 fair value gaps confirm bearish structure despite H1 bullish FVG noise. KEY LEVELS R: 1.325, 1.33, 1.3495 | S: 1.32, 1.31814, 1.315 NEWS 🟡 Fed's Waller speech (Tue 07:45 UTC) 🟡 ADP Employment 4-week avg (Tue 12:15 UTC) SESSION OUTLOOK Watch support hold at 1.32 through Waller speech. H4 bearish structure favours dips toward 1.31814 if USD strength persists post-Fed.

Key Levels

R: 1.32500 · 1.33000 · 1.34950

S: 1.32000 · 1.31814 · 1.31500