EURJPY London briefing — 2026-11-02

BIAS BEARISH. Daily structure, H4/H1 EMA trend confluence, and liquidity sweep of highs drive this bias despite bullish FVG pockets. KEY LEVELS R: 177.00, 178.36 | S: 176.50, 175.07 NEWS 🟡 HCOB Manufacturing PMI (EUR) 09:00 UTC 🟡 ECB Vujčić speech 09:45 & 10:00 UTC SESSION OUTLOOK Watch for PMI reaction and ECB rhetoric impact. Sweep of highs suggests momentum toward support; FVG zones present tactical pullback zones.

Key Levels

R: 177.000 · 178.363

S: 176.500 · 175.073