EURJPY London briefing — 2026-10-07

BIAS BEARISH. D1 structure, H4 EMA, and combined trend vote drive downside; H4 fair value gaps reinforce lower prices despite H1 bullish FVG resistance. KEY LEVELS R: 178.00, 181.50 | S: 177.50, 176.20 NEWS 🟡 ECB Vujčić speech (07:20 UTC, 17:30 UTC) 🟡 JPY Current Account (23:50 UTC) SESSION OUTLOOK London opens into ECB event risk. Watch 178 resistance; break below 177.50 targets 176.20 on bearish structural alignment.

Key Levels

R: 178.000 · 181.498

S: 177.500 · 176.201