GBPUSD London briefing — 2026-10-22

BIAS BULLISH. Trend vote (D1+H4+H1 combined) and H4 fair value gaps drive direction despite RSI overbought signal and bearish H1 FVGs creating divergence. KEY LEVELS R: 1.34089, 1.345, 1.35 | S: 1.34, 1.335, 1.31382 NEWS 🔴 BoE Governor Bailey speech (Thu 10:50 UTC) 🟡 Initial Jobless Claims (Thu 12:30 UTC) SESSION OUTLOOK Bailey speech threatens momentum; watch GBP reaction volatility. USD claims data secondary. Overbought RSI limits upside extension.

Key Levels

R: 1.34089 · 1.34500 · 1.35000

S: 1.34000 · 1.33500 · 1.31382