GBPJPY Asia briefing — 2026-10-16

BIAS BULLISH. Daily structure, H4 EMA, and H1 EMA combined drive upside despite H1/H4 fair value gaps leaning bearish. KEY LEVELS R: 210, 210.92 | S: 209.5, 206.89 NEWS 🔴 BoE Governor Bailey speech (Fri 02:00 UTC) 🟡 Foreign Bond/Stock Investment data (Thu 23:50 UTC) SESSION OUTLOOK Watch Bailey speech timing for GBP volatility into Asia close. Support holds at 209.5 ahead of resistance probe.

Key Levels

R: 210.000 · 210.920

S: 209.500 · 206.889