GBPJPY London briefing — 2026-05-08

BIAS BEARISH — D1 structure bearish overrides neutral RSI; H4 EMA confirms downside pressure despite H1 divergence. KEY LEVELS R: 213.00, 216.61 | S: 212.50, 210.59 NEWS 🔴 BoE Governor Bailey speech (Fri 12:20 UTC) — GBP volatility spike expected SESSION OUTLOOK Bailey speech at London open will drive GBP reaction. Watch 213 resistance; break below 212.50 targets lower support structure. PRO UNLOCKS Entry 212.85, SL 213.45, TP1 212.40, TP2 210.80, FVG 211.95–212.15, liquidity sweep 214.20 — unlock with Pro

Key Levels

R: 213.000 · 216.609

S: 212.500 · 210.589