USDCHF London briefing — 2026-05-07

BIAS BEARISH — D1 structure bearish; H4/H1 EMAs aligned downside; RSI neutral doesn't conflict. KEY LEVELS R: 0.78, 0.785, 0.79251 | S: 0.7773, 0.775, 0.77 NEWS 🟡 Challenger Job Cuts (USD) Thu 11:30 UTC 🟡 Initial Jobless Claims (USD) Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) Thu 12:30 UTC SESSION OUTLOOK US jobless data risks dollar strength but bearish structure dominates. Watch support hold at 0.7773; breaks below signal continuation. PRO UNLOCKS Entry 0.7763, SL 0.7815, TP1 0.775, TP2 0.77 — FVG 0.7785-0

Key Levels

R: 0.78000 · 0.78500 · 0.79251

S: 0.77730 · 0.77500 · 0.77000