EURJPY London briefing — 2026-10-26

BIAS BEARISH. D1 structure, H4 and H1 EMAs, and H4 fair value gaps all align downward despite bullish H1 FVGs. KEY LEVELS R: 176.5, 179.33 | S: 176.0, 175.10 NEWS 🔴 ECB Bank Lending Survey (Tue 27 Oct, 09:00 UTC) 🟡 Corporate Service Price Index JPY (Mon 26 Oct, 23:50 UTC) SESSION OUTLOOK Watch for rejection at 176.5 resistance. Monitor ECB event risk for Euro volatility spillover into London close.

Key Levels

R: 176.500 · 179.331

S: 176.000 · 175.101