GBPJPY London briefing — 2026-05-18

BIAS BEARISH — D1 structure dominates; H4 EMA bearish confirms despite H1 neutrality and mid-range RSI. KEY LEVELS R: 212.5, 216.61 | S: 212, 210.59 NEWS 🟡 BoE Greene speech 07:35 UTC 🟡 BoE Mann speech 08:30 UTC 🔴 JPY GDP QoQ 23:50 UTC SESSION OUTLOOK London opens into BoE rhetoric risk; GBP volatility expected. Watch 212 hold; breach risks 210.59. JPY data arrives post-London. PRO UNLOCKS Entry 211.80, SL 213.40, TP1 210.80, TP2 209.20 | FVG 213.10–213.45 | Liquidity sweep 216.80

Key Levels

R: 212.500 · 216.609

S: 212.000 · 210.589