GBPJPY London briefing — 2026-07-16

BIAS NEUTRAL — H4/H1 EMAs bullish yet D1 structure bearish; RSI overbought signals pullback risk despite intraday momentum. KEY LEVELS R: 219.65 | 219.5 | S: 219 | 213.16 NEWS 🟡 GBP Bond Auction 09:30 UTC 🟡 NIESR GDP 11:00 UTC SESSION OUTLOOK Watch 219.5 resistance rejection. Bond auction and GDP data may trigger volatility; overbought RSI favors consolidation or retracement toward 219 support. PRO UNLOCKS [Entry, SL, TP1, TP2, FVG zones, liquidity sweep, Fibonacci — unlock with Pro]

Key Levels

R: 219.500 · 219.651

S: 219.000 · 213.156