GBPUSD New York briefing — 2026-05-05

BIAS BEARISH. D1 neutral structure forces hierarchy check; H4/H1 both neutral with no bullish confirmation, while price sits mid-range between support and resistance—default bearish bias on lack of upside conviction. KEY LEVELS R: 1.36, 1.36575 | S: 1.35, 1.34512 NEWS 🟡 Redbook Index YoY (USD) 12:55 UTC 🟡 S&P Global Composite PMI (USD) 13:45 UTC 🟡 S&P Global Services PMI (USD) 13:45 UTC SESSION OUTLOOK Three medium-impact US data releases cluster mid-session. Watch for USD strength reaction; services PMI focus given GBP sensitivity to growth signals. PRO UNLOCKS Unlock Pro: Precise entry zones, SL placement, TP cascades, FVG sweeps, liquidity levels,

Key Levels

R: 1.35500 · 1.36000 · 1.36575

S: 1.35000 · 1.34512 · 1.34500