GBPJPY London briefing — 2026-06-04

BIAS BULLISH. D1 structure bullish; H4 EMA bullish supports upside, though H1 neutral and RSI 42.93 warn of near-term caution. KEY LEVELS R: 215.52835, 215 | S: 214.5, 211.2389 NEWS 🔴 BoE Governor Bailey speech (15:40 UTC) | 🟡 Labor Cash Earnings JPY (23:30 UTC) | 🟡 S&P Global Construction PMI GBP (08:30 UTC) SESSION OUTLOOK Bailey speech could drive volatility; watch reaction at 215 resistance. Price consolidating near 214.58—break above 215 targets higher structure. PRO UNLOCKS Entry, SL, TP1/TP2, FVG zones, liquidity sweeps, Fibonacci targets—unlock with Pro.

Key Levels

R: 215.000 · 215.528

S: 214.500 · 211.239