EURJPY London briefing — 2026-10-16

BIAS BEARISH. D1 trend, H4 EMA, and dual timeframe fair-value gaps align downward; RSI neutral permits continuation. KEY LEVELS R: 177.5, 180.89 | S: 177.0, 176.20 NEWS 🟡 Core CPI MoM/YoY (EUR) — Fri 09:00 UTC 🟡 Harmonized CPI MoM (EUR) — Fri 09:00 UTC SESSION OUTLOOK CPI data at London open may trigger volatility around resistance. Watch for H1 rejection or break below 177.0.

Key Levels

R: 177.500 · 180.890

S: 177.000 · 176.201