GBPJPY London briefing — 2026-05-20

BIAS BEARISH. D1 structure dominates despite H1 bullish EMA; RSI neutral supports downside continuation. KEY LEVELS R: 213, 214.44 | S: 212.5, 210.66 NEWS 🟡 DCLG House Price Index 08:30 UTC 🟡 JPY Merchandise Trade Balance 23:50 UTC 🟡 JPY Exports YoY 23:50 UTC SESSION OUTLOOK London opens with bearish D1 bias intact. Watch 213 resistance rejection; lower timeframe pullbacks offer shorts toward 212.5 support. PRO UNLOCKS Entry zones, SL placement, TP cascades, FVG liquidity, Fibonacci targets—unlock with Pro subscription.

Key Levels

R: 213.000 · 214.441

S: 212.500 · 210.657