EURJPY London briefing — 2026-07-20

BIAS BULLISH. H4 and H1 EMAs aligned upward; RSI neutral (58.75) leaves room for continuation without overbought risk. D1 structure neutral, but intraday momentum favors buyers. KEY LEVELS R: 186.00, 186.20 | S: 185.50, 183.64 NEWS 🟡 EUR Construction Output (MoM/YoY) – Mon 09:00 UTC (LOW impact) 🔴 ECB Bank Lending Survey – Tue 08:00 UTC (HIGH impact) SESSION OUTLOOK Watch Construction Output reaction near London open; soft data may cap upside. ECB survey Tuesday could reset sentiment; hold bias until then. PRO UNLOCKS Entry zones, SL placement, TP clusters, FVG sweeps, Fib extensions—unlock with Pro subscription.

Key Levels

R: 186.000 · 186.205

S: 185.500 · 183.641