GBPJPY London briefing — 2026-05-06

BIAS BEARISH. H4/H1 EMA alignment overrides neutral D1; RSI 44.77 confirms downside momentum. KEY LEVELS R: 213, 216.61 | S: 212.5, 210.59 NEWS 🟡 S&P Global Composite PMI (GBP) 08:30 UTC 🟡 S&P Global Services PMI (GBP) 08:30 UTC 🟡 Labor Cash Earnings YoY (JPY) 23:30 UTC SESSION OUTLOOK Watch early UK PMI data for GBP volatility. Support at 212.5 critical; break confirms lower extension toward 210.59. PRO UNLOCKS Entry zone 212.10–212.68 | SL 213.20 | TP1 211.80 | TP2 210.40 | FVG 211.

Key Levels

R: 213.000 · 216.609

S: 212.500 · 210.589