GBPJPY London briefing — 2026-05-07

BIAS BEARISH — D1 structure, H4/H1 EMAs aligned downside; RSI neutral allows continuation. KEY LEVELS R: 213.00, 216.61 | S: 212.50, 210.59 NEWS 🟡 S&P Global Construction PMI (GBP) Thu 08:30 UTC 🟡 Labor Cash Earnings YoY (JPY) Thu 23:30 UTC 🟡 Jibun Services PMI (JPY) Fri 00:30 UTC SESSION OUTLOOK London open tests 213 resistance; weakness expected toward 212.50. Friday's JPY data may extend pressure if earnings miss. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweep, Fibonacci levels — unlock with Pro

Key Levels

R: 213.000 · 216.609

S: 212.500 · 210.589