GBPJPY London briefing — 2026-05-15

BIAS BEARISH. H4/H1 EMAs aligned downward; RSI oversold at 27.98 signals exhaustion into support, not reversal. KEY LEVELS R: 212.00, 216.61 | S: 211.50, 210.59 NEWS CFTC JPY NC Net Positions — Fri 19:30 UTC 🟡 CFTC GBP NC Net Positions — Fri 19:30 UTC 🟡 SESSION OUTLOOK Watch price test 211.50 support into CFTC data. Oversold conditions favor dip-buyers, but bearish structure intact. PRO UNLOCKS Entry 211.20, SL 212.40, TP1 210.58, TP2 209.75, FVG 210.80–211.10 — unlock with Pro

Key Levels

R: 212.000 · 216.609

S: 211.500 · 210.589