EURJPY London briefing — 2026-10-20

BIAS BULLISH. D1 structure, H4 EMA, and H1 EMA alignment combined with bullish H4 fair value gaps drive upside conviction despite H1 bearish FVG conflict. KEY LEVELS R: 178.00, 180.89 | S: 177.50, 176.20 NEWS 🟡 EUR Current Account (s.a./n.s.a) – 08:00 UTC 🟡 EUR Construction Output (MoM) – 09:00 UTC SESSION OUTLOOK Watch 177.50 support hold into data. EU releases are low-impact; focus momentum persistence toward 178 resistance through London open.

Key Levels

R: 178.000 · 180.890

S: 177.500 · 176.201