GBPUSD London briefing — 2026-10-30

BIAS NEUTRAL. Trend drivers bullish versus overbought RSI (70.89), liquidity sweep bearish, and conflicting H4/H1 fair value gaps. KEY LEVELS R: 1.34198, 1.345, 1.35 | S: 1.34, 1.335, 1.31382 NEWS 🟡 Employment Cost Index (USD) 12:30 UTC 🟡 Chicago PMI (USD) 13:45 UTC 🟡 Fed's Daly speech 16:00 UTC SESSION OUTLOOK ECI and Chicago PMI may trigger USD volatility ahead of Daly remarks. Watch 1.34198 resistance and 1.34 support for directional bias confirmation.

Key Levels

R: 1.34198 · 1.34500 · 1.35000

S: 1.34000 · 1.33500 · 1.31382