EURJPY London briefing — 2026-07-23

BIAS NEUTRAL — RSI overbought at 70.21 conflicts with bullish EMA alignment; daily structure lacks conviction. Risk/reward unclear ahead of ECB decisions. KEY LEVELS R: 186.50, 186.50 | S: 186.00, 183.64 NEWS 🔴 ECB Main Refinancing Rate — Thu 23 Jul, 12:15 UTC 🔴 ECB Monetary Policy Statement — Thu 23 Jul, 12:15 UTC 🔴 ECB Deposit Facility Rate — Thu 23 Jul, 12:15 UTC SESSION OUTLOOK ECB trio dominates London. Await policy tone before committing; volatility spike expected at 12:15 UTC. Price consolidating near resistance. PRO UNLOCKS Entry zones, SL/TP scalars, FVG liquidity pockets, Fib extension targets — unlock with Pro.

Key Levels

R: 186.499 · 186.500

S: 186.000 · 183.641