EURJPY London briefing — 2026-05-07

BIAS BEARISH. H4/H1 EMA alignment overrides neutral D1; RSI at 45 confirms downside bias. KEY LEVELS R: 184.00, 187.56 | S: 183.50, 182.09 NEWS 🔴 Retail Sales YoY (EUR) 09:00 UTC 🟡 Retail Sales MoM (EUR) 09:00 UTC 🟡 ECB Elderson Speech 12:00 UTC SESSION OUTLOOK Weak EUR retail data could accelerate London selling. Elderson speech adds volatility; watch 183.50 support for breakdown confirmation. PRO UNLOCKS Entry 183.40 SL 184.20 TP1 182.50 TP2 181.80 | FVG 183.8-184.1 | Liquidity sweep 184.35

Key Levels

R: 184.000 · 187.556

S: 183.500 · 182.086