GBPUSD London briefing — 2026-10-28

BIAS BULLISH. Oversold RSI(26) and bullish liquidity sweep of lows override divergent EMAs and bearish FVGs; D1 structure supports upside. KEY LEVELS R: 1.33, 1.335, 1.34198 | S: 1.325, 1.32, 1.31382 NEWS 🟡 Autumn Forecast Statement (GBP) 10:00 UTC | 🟡 MBA Mortgage Apps (USD) 11:00 UTC | 🟡 Goods Trade Balance (USD) 12:30 UTC SESSION OUTLOOK Watch Autumn Forecast reaction for GBP momentum confirmation. H1 bearish FVGs may cap rallies; monitor 1.33 resistance.

Key Levels

R: 1.33000 · 1.33500 · 1.34198

S: 1.32500 · 1.32000 · 1.31382