GBPJPY Asia briefing — 2026-05-19

BIAS BEARISH. D1 structure bearish; RSI overbought at 70.39 signals pullback despite neutral H4/H1 EMAs. KEY LEVELS R: 213.5, 216.61 | S: 213.0, 210.59 NEWS 🔴 JPY GDP QoQ — Mon 23:50 UTC 🟡 JPY GDP Annualized — Mon 23:50 UTC 🟡 JPY GDP Deflator YoY — Mon 23:50 UTC SESSION OUTLOOK Japan GDP data imminent; expect volatility spike. Watch rejection at 213.5; weakness targets 213 support then 210.59. PRO UNLOCKS Entry 212.85, SL 214.20, TP1 211.50, TP2 210.00, liquidity sweep 216.80, FVG 211.20–212

Key Levels

R: 213.500 · 216.609

S: 213.000 · 210.589