EURGBP Asia briefing — 2026-10-16

BIAS BEARISH. D1 structure, H4/H1 EMA alignment, and H4 fair value gaps drive directional bias despite neutral RSI. KEY LEVELS R: 0.845, 0.85, 0.86125 | S: 0.84151, 0.84, 0.835 NEWS 🔴 BoE Governor Bailey speech (GBP) Fri 02:00 UTC 🟡 ECB Nagel speech (EUR) Fri 02:30 UTC 🟡 Core HIC MoM (EUR) Fri 09:00 UTC SESSION OUTLOOK Bailey and Nagel speeches overlap early; watch GBP volatility. H1 bullish FVG offers pullback trades into bearish trend.

Key Levels

R: 0.84500 · 0.85000 · 0.86125

S: 0.84151 · 0.84000 · 0.83500