GBPJPY Asia briefing — 2026-10-22

BIAS BULLISH. Daily structure, H4 EMA, H1 EMA alignment, and H4 fair value gaps drive upside despite liquidity sweep of highs and H1 FVG bearish pressure. KEY LEVELS R: 212.00, 211.99 | S: 211.50, 206.89 NEWS 🔴 BoE Governor Bailey speech (GBP) Thu 22 Oct 10:50 UTC SESSION OUTLOOK Asia opens with bullish momentum intact. Bailey speech later poses GBP volatility risk; watch reaction near resistance clusters.

Key Levels

R: 211.991 · 212.000

S: 211.500 · 206.889