GBPUSD London briefing — 2026-11-04

BIAS BULLISH. Combined D1/H4/H1 trend alignment, bullish H4 and H1 fair value gaps, and overbought RSI confirm upside momentum. KEY LEVELS R: 1.34793, 1.35, 1.355 | S: 1.345, 1.34, 1.31382 NEWS 🟡 S&P Global Composite PMI (GBP) 09:30 UTC 🟡 S&P Global Services PMI (GBP) 09:30 UTC 🟡 MBA Mortgage Applications (USD) 12:00 UTC SESSION OUTLOOK PMI data at 09:30 UTC may trigger early London volatility. Monitor price action near 1.34793 resistance; FVG alignment supports continuation into resistance zones.

Key Levels

R: 1.34793 · 1.35000 · 1.35500

S: 1.34500 · 1.34000 · 1.31382