GBPJPY London briefing — 2026-05-11

BIAS BULLISH — H1 EMA bullish overrides neutral D1 structure; RSI neutral supports continuation without overbought risk. KEY LEVELS R: 214.00, 216.61 | S: 213.50, 210.59 NEWS 🟡 BRC Retail Sales (Mon 23:01 UTC) 🟡 BoJ Summary of Opinions (Mon 23:50 UTC) SESSION OUTLOOK Watch retail sales reaction near 214 resistance. BoJ commentary late-session may trigger volatility; hold longs above 213.50 support. PRO UNLOCKS Entry 213.75 | SL 213.40 | TP1 214.20 | TP2 216.40 | FVG 212.80–213.10 | Liquidity sweep 210.58 | Fib 1.618 target 217.85

Key Levels

R: 214.000 · 216.609

S: 213.500 · 210.589