GBPUSD New York briefing — 2026-05-08

BIAS BEARISH. D1 structure overrides bullish H4/H1 EMAs; RSI neutral lacks conviction. KEY LEVELS R: 1.365, 1.36575, 1.37 | S: 1.36, 1.355, 1.34512 NEWS 🔴 Michigan Consumer Sentiment Index (Fri 14:00 UTC) 🟡 Michigan Consumer Expectations Index (Fri 14:00 UTC) 🟡 UoM 1-year Inflation Expectations (Fri 14:00 UTC) SESSION OUTLOOK Strong USD data could trigger bearish breakdown from 1.36 support. Watch sentiment prints for momentum confirmation into London close. PRO UNLOCKS Unlock with Pro: Entry, SL, TP1, TP2, FVG zones, liquidity sweeps, Fibonacci targets.

Key Levels

R: 1.36500 · 1.36575 · 1.37000

S: 1.36000 · 1.35500 · 1.34512