GBPUSD New York briefing — 2026-10-23

BIAS BULLISH. Daily structure, H4 EMA, and H1 EMA combined with H4 fair value gaps drive directional bias despite neutral RSI. KEY LEVELS R: 1.34, 1.34198, 1.345 | S: 1.335, 1.33, 1.31382 NEWS 🔴 S&P Global Manufacturing PMI (USD) – Fri 23 Oct 13:45 UTC 🔴 S&P Global Services PMI (USD) – Fri 23 Oct 13:45 UTC 🟡 S&P Global Composite PMI (USD) – Fri 23 Oct 13:45 UTC SESSION OUTLOOK US PMI data at 13:45 UTC will test conviction. Watch 1.34 resistance for breakout confirmation or rejection into H1 bearish FVG.

Key Levels

R: 1.34000 · 1.34198 · 1.34500

S: 1.33500 · 1.33000 · 1.31382