GBPUSD London briefing — 2026-11-05

BIAS BULLISH. Combined D1+H4+H1 trend alignment with bullish H4 and H1 fair value gaps drive conviction. KEY LEVELS R: 1.35023, 1.355 | S: 1.345, 1.34, 1.31382 NEWS 🔴 BoE Interest Rate Decision (GBP) Thu 12:00 UTC 🟡 Challenger Job Cuts (USD) Thu 10:30 UTC 🟡 S&P Global Construction PMI (GBP) Thu 09:30 UTC SESSION OUTLOOK BoE decision dominates London session volatility. Watch for breakout above 1.35 resistance on hawkish hold or guidance surprises.

Key Levels

R: 1.35000 · 1.35023 · 1.35500

S: 1.34500 · 1.34000 · 1.31382