EURJPY London briefing — 2026-07-22

BIAS BULLISH. H4/H1 EMAs aligned bullish; RSI neutral (56.77) leaves room to run; D1 structure neutral but doesn't contradict upside momentum. KEY LEVELS R: 186, 186.24493 | S: 185.5, 183.64057 NEWS 🔴 ECB Main Refinancing Operations Rate (EUR) — Thu 23 Jul, 12:15 UTC 🔴 ECB Monetary Policy Statement (EUR) — Thu 23 Jul, 12:15 UTC 🔴 ECB Rate On Deposit Facility (EUR) — Thu 23 Jul, 12:15 UTC SESSION OUTLOOK Watch for 186 resistance test during London. ECB decisions tomorrow dominate; expect volatility spike into close. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweep,

Key Levels

R: 186.000 · 186.245

S: 185.500 · 183.641