GBPJPY Asia briefing — 2026-07-31

BIAS BEARISH. H1 EMA bearish diverges against H4 neutral; RSI at 31 suggests oversold bounce risk, but price structure and lower timeframe momentum favor downside continuation. KEY LEVELS R: 215.5, 219.65 | S: 215, 212.41 NEWS 🟡 JPY Industrial Production (MoM/YoY) – Thu 23:50 UTC 🟡 JPY Large Retailer Sales – Thu 23:50 UTC SESSION OUTLOOK Asia opens near support at 215. Watch for JPY data reaction and intraday rejection of 215.5 resistance before committing to shorts.

Key Levels

R: 215.500 · 219.651

S: 215.000 · 212.407