GBPUSD New York briefing — 2026-07-08

BIAS BULLISH. D1 structure bullish; H4 EMA confirms uptrend. H1 neutral divergence and RSI at 49 warn of short-term consolidation, not reversal. KEY LEVELS R: 1.34, 1.34027, 1.345 | S: 1.335, 1.33, 1.31416 NEWS 🟡 Wholesale Inventories (USD) Wed 14:00 UTC 🟡 EIA Crude Oil Stocks (USD) Wed 14:30 UTC 🟡 10-Year Note Auction (USD) Wed 17:00 UTC SESSION OUTLOOK Expect choppy consolidation near 1.335–1.34 range. Watch for USD weakness on softer data; breakout above 1.34 unlocks upside momentum. PRO UNLOCKS Entry/SL/TP, FVG zones

Key Levels

R: 1.34000 · 1.34027 · 1.34500

S: 1.33500 · 1.33000 · 1.31416