EURJPY London briefing — 2026-10-22

BIAS BEARISH. Trend vote (D1 + EMA H4 + EMA H1), H4 fair value gaps, and H1 fair value gaps drive direction lower. KEY LEVELS R: 177.00, 180.89 | S: 176.50, 176.20 NEWS 🟡 ECB Panetta speech – 12:15 UTC 🟡 EUR Consumer Confidence – 14:00 UTC 🟡 JPY National CPI – 23:30 UTC SESSION OUTLOOK London session opens near neutral D1 structure; watch ECB rhetoric for EUR weakness. Bearish gaps guide shorts toward support.

Key Levels

R: 177.000 · 180.890

S: 176.500 · 176.201