EURJPY London briefing — 2026-11-04

BIAS NEUTRAL. Trend vote lacks conviction; fair-value bullish signals offset by bearish liquidity sweep and bearish D1 structure. KEY LEVELS R: 177.97, 178.00 | S: 177.50, 175.07 NEWS 🔴 Core Harmonized CPI (EUR) 10:00 UTC 🟡 HCOB PMI Composite/Services (EUR) 09:00 UTC SESSION OUTLOOK PMI and CPI data may trigger volatility into resistance. Watch rejection or acceptance at 177.97 to define intraday bias.

Key Levels

R: 177.974 · 178.000

S: 177.500 · 175.073