GBPUSD New York briefing — 2026-05-18

BIAS BEARISH — H4 EMA bearish structure overrides neutral RSI; D1 neutral supports downside continuation risk. KEY LEVELS R: 1.34, 1.345, 1.36575 | S: 1.335, 1.33039, 1.33 NEWS 🟡 NAHB Housing Market Index (USD) 14:00 UTC 🟡 3-Month Bill Auction (USD) 15:30 UTC 🟡 6-Month Bill Auction (USD) 15:30 UTC SESSION OUTLOOK Watch NY open for momentum into support. Weak housing data could accelerate bearish pressure; auctions unlikely to move sterling directly. PRO UNLOCKS Entry 1.3385 | SL 1.3420 | TP1 1.3335 | TP2 1.3300 | FVG 1.3375–1

Key Levels

R: 1.34000 · 1.34500 · 1.36575

S: 1.33500 · 1.33039 · 1.33000