EURJPY New York briefing — 2026-10-20

BIAS NEUTRAL. EMA divergence (H4 bearish vs H1 neutral) and opposing fair value gaps (H4 bullish vs H1 bearish) create equilibrium despite bullish D1 structure. KEY LEVELS R: 177.5, 180.89 | S: 177.0, 176.20 NEWS 🟡 JPY Trade Data (Merchandise Balance, Exports YoY, Imports YoY) — Tue 23:50 UTC SESSION OUTLOOK Watch NYO open reaction near 177.33. Trade data may spark JPY volatility; range-bound until then given mixed technicals.

Key Levels

R: 177.500 · 180.890

S: 177.000 · 176.201