GBPUSD 26th May 2026GBP/USDOANDA:GBPUSDOriginalIndicatorsGBPUSD plan for tomorrow. Cable has drifted above the key 1.3450 level, but I’m not treating it as a confirmed breakout yet because the move happened during thin bank holiday conditions. For me this is now an acceptance/rejection test, technical only trades allowed in London session only. The GBP backdrop is still fragile: weak services PMI, softer CPI, retail weakness and Labour/fiscal risk still hanging around. This is not clean GBP strength. The move looks more USD-driven, with DXY soft and risk mood (FTSE and S&P) fairly supportive. Main level: 1.3450 If price holds above that area when normal volume comes back in, I’ll treat the breakout as accepted and look for continuation, especially if DXY stays weak and EURGBP remains heavy. If price drops back below 1.3450, I’ll treat Monday’s move as a possible low-liquidity fakeout while everyone was AFK and expect price to rotate back into the old range. The main scheduled reset is US CB Consumer Confidence at 3pm (GMT). I’m not interested in holding a morning idea into that unless the move is very strong. If confidence is weak and DXY drops, cable can keep drifting higher. If DXY firms and US yields back it up, the breakout can fail quickly. Any Trump posts/ Iran stuff = flatten or grip chair seat with bum cheeks. Bias: London session Bias - Probably Long NY Bias - No comment until I see the CB Consumer Confidence Actual