GBPUSD London briefing — 2026-10-29

BIAS BEARISH. H4 and H1 fair value gaps drive directional bias despite neutral trend votes and RSI. KEY LEVELS R: 1.335, 1.34, 1.34198 | S: 1.33, 1.325, 1.31382 NEWS 🟡 Consumer Credit (09:30 UTC) 🟡 M4 Money Supply MoM & YoY (09:30 UTC) SESSION OUTLOOK Dual UK data hits at 09:30 UTC. Watch liquidity around resistance clusters; FVG structure favors downside probes toward 1.33 support.

Key Levels

R: 1.33500 · 1.34000 · 1.34198

S: 1.33000 · 1.32500 · 1.31382