GBPJPY Asia briefing — 2026-08-04

BIAS BEARISH. H4 & H1 EMAs aligned downside; D1 structure bearish; RSI 36 supports weakness without oversold extremes. KEY LEVELS R: 211.5, 219.65 | S: 211.00, 209.42 NEWS 🟡 Monetary Base YoY (JPY) Mon 23:50 UTC | 🟡 10-y Bond Auction (JPY) Tue 03:35 UTC | 🟡 Labor Cash Earnings YoY (JPY) Tue 23:30 UTC SESSION OUTLOOK Asia open likely tests 211 support. Bond auction outcome shapes JPY volatility; watch for break below support into 209.42 zone.

Key Levels

R: 211.500 · 219.651

S: 211.000 · 209.420