GBPJPY London briefing — 2026-07-20

BIAS BULLISH. H4 and H1 EMAs aligned bullish; RSI 62.64 neutral (not overbought); D1 structure lacks conviction but shorter timeframes confirm upside bias. KEY LEVELS R: 219.65 | 219.00 | S: 218.50 | 214.59 NEWS 🔴 Claimant Count Change (GBP) – Tue 21 Jul 06:00 UTC 🟡 Average Earnings Excl./Incl. Bonus (GBP) – Tue 21 Jul 06:00 UTC SESSION OUTLOOK London opens into resistance 219. Watch earnings prints overnight (UK morning) for GBP volatility. Hold 218.50 support for continuation. PRO UNLOCKS Entry zones, SL placement, TP targets, FVG sweeps, Fibonacci extensions — available in Pro.

Key Levels

R: 219.000 · 219.651

S: 218.500 · 214.591