GBPUSD New York briefing — 2026-08-11

BIAS BULLISH — D1 structure uptrend intact; H4 EMA bullish supports higher timeframe bias despite H1 neutrality and RSI 52.8 lacking overbought conviction. KEY LEVELS R: 1.35, 1.35312, 1.355 | S: 1.345, 1.34, 1.32733 NEWS 🟡 Existing Home Sales Change (MoM) — Tue 14:00 UTC | 🔴 Redbook Index, Existing Home Sales — Tue 12:55 UTC SESSION OUTLOOK Softer US retail data may cap upside early. Watch H1 reaction to 1.35 resistance; breach targets 1.35312.

Key Levels

R: 1.35000 · 1.35312 · 1.35500

S: 1.34500 · 1.34000 · 1.32733