GBPUSD New York briefing — 2026-09-18

BIAS BEARISH. D1 + H4 + H1 EMAs aligned downtrend; RSI deep oversold at 28.3; H1 fair value gaps bearish; H4 FVGs bullish but subordinate to larger structure. KEY LEVELS R: 1.34, 1.345, 1.35682 | S: 1.335, 1.33364, 1.33 NEWS 🟡 Industrial Production (MoM) – Fri 13:15 UTC 🔴 Capacity Utilization – Fri 13:15 UTC 🔴 Baker Hughes Oil Rig Count – Fri 17:00 UTC SESSION OUTLOOK Weak US data risks USD weakness; monitor 1.335 support hold. RSI oversold may invite intraday bounces into resistance before continuation lower.

Key Levels

R: 1.34000 · 1.34500 · 1.35682

S: 1.33500 · 1.33364 · 1.33000