GBPUSD London briefing — 2026-11-02

BIAS BULLISH. D1 + H4 + H1 EMA alignment drives directional conviction despite H1/H4 fair value gap bearish signals and neutral RSI. KEY LEVELS R: 1.34344, 1.345, 1.35 | S: 1.34, 1.335, 1.31382 NEWS 🟡 GBP Manufacturing PMI 09:30 UTC 🟡 USD Manufacturing PMI 14:45 UTC 🟡 USD Construction Spending 15:00 UTC SESSION OUTLOOK London opens into low-impact data. Watch 1.34344 resistance; hold above 1.34 support confirms EMA bias continuation.

Key Levels

R: 1.34344 · 1.34500 · 1.35000

S: 1.34000 · 1.33500 · 1.31382