EURJPY London briefing — 2026-11-05

BIAS BULLISH. Trend vote (D1+EMA H4+H1), H4 fair value gaps, and H1 fair value gaps drive upside conviction. KEY LEVELS R: 178, 178.51619 | S: 177.5, 175.07295 NEWS 🟡 Schnabel speech (EUR) 08:05 UTC 🟡 PPI MoM/YoY (EUR) 10:00 UTC SESSION OUTLOOK ECB rhetoric and eurozone inflation data could trigger volatility. Watch price reaction at 178 resistance during London morning.

Key Levels

R: 178.000 · 178.516

S: 177.500 · 175.073