GBPUSD London briefing — 2026-10-26

BIAS BULLISH. D1 + H4 + H1 trend votes combined with bullish H4 fair value gaps drive conviction despite neutral RSI and bearish H1 FVGs. KEY LEVELS R: 1.34, 1.34198, 1.345 | S: 1.335, 1.33, 1.31382 NEWS 🟡 Chicago Fed National Activity Index (Mon 12:30 UTC) 🟡 3M & 6M Bill Auctions (Mon 15:30 UTC) SESSION OUTLOOK Watch for USD weakness around low-impact data. H4 bullish structure offers upside into London close if 1.335 holds as dynamic support.

Key Levels

R: 1.34000 · 1.34198 · 1.34500

S: 1.33500 · 1.33000 · 1.31382