GBPUSD London briefing — 2026-10-20

BIAS BULLISH. D1 + H4 + H1 trend confluence combined with bullish H4 and H1 fair value gaps drive this direction. KEY LEVELS R: 1.33722, 1.34, 1.345 | S: 1.335, 1.33, 1.31382 NEWS 🟡 ADP Employment Change 4-week average (USD) 12:15 UTC 🟡 Building Permits MoM (USD) 12:30 UTC 🔴 10-y Bond Auction (GBP) 09:30 UTC SESSION OUTLOOK Monitor bond auction for GBP reaction. USD data at noon could introduce volatility; watch price interaction with upper resistance zone if bullish momentum holds.

Key Levels

R: 1.33722 · 1.34000 · 1.34500

S: 1.33500 · 1.33000 · 1.31382