EURJPY London briefing — 2026-10-05

BIAS BEARISH. D1 + H4 + H1 trend alignment, H4 and H1 fair value gaps, and recent lows sweep drive direction despite neutral RSI. KEY LEVELS R: 176.5, 181.50 | S: 176.32, 176.00 NEWS 🟡 ECB Nagel speech 07:45 UTC 🟡 ECB Lane speech 08:00 UTC 🟡 HCOB Composite PMI 08:00 UTC SESSION OUTLOOK ECB speakers and PMI risk volatility. Watch reaction at 176.32 support; sweep of lows suggests further downside probe into London session.

Key Levels

R: 176.500 · 181.498

S: 176.320 · 176.000