EURJPY London briefing — 2026-10-12

BIAS BEARISH. D1 trend, H4 EMA, and H4 fair value gaps align downside; H1 bullish FVG creates minor pullback risk but does not override the weighted bearish structure. KEY LEVELS R: 177.50, 181.50 | S: 177.00, 176.20 NEWS 🟡 ECB Vujčić speech (EUR) Mon 10:00 UTC | 🔴 Bank Lending & PPI (JPY) Mon 23:50 UTC SESSION OUTLOOK ECB speech may spark EUR volatility; watch price reaction near 177.50 resistance. London close typically reduces liquidity into Asia.

Key Levels

R: 177.500 · 181.498

S: 177.000 · 176.201