GBPJPY Asia briefing — 2026-09-29

BIAS BEARISH. D1 structure, H4/H1 EMA alignment, and H4 fair value gaps drive downside conviction. KEY LEVELS R: 209.00 | S: 208.50, 207.09 NEWS 🔴 Coincident Index (JPY) 05:00 UTC 🔴 Leading Economic Index (JPY) 05:00 UTC 🔴 Consumer Credit (GBP) 08:30 UTC SESSION OUTLOOK Weak JPY data amplifies bearish structure. Watch 208.50 hold; breach targets 207.09.

Key Levels

R: 209.000 · 216.594

S: 208.500 · 207.088