GBPJPY London briefing — 2026-07-23

BIAS NEUTRAL. H4 bullish vs. D1 bearish structure conflict; RSI at midpoint offers no directional conviction. KEY LEVELS R: 219.65 | 218.5 | S: 218 | 214.59 NEWS 🟡 GBP Consumer Confidence (23 Jul, 23:01 UTC) 🟡 JPY CPI YoY & ex Food/Energy (23 Jul, 23:30 UTC) SESSION OUTLOOK London entry may pivot on GBP confidence data. JPY inflation prints late-session could trigger volatility into Asia overlap. PRO UNLOCKS H4 EMA confluence zones, intraday liquidity pools, post-NFP momentum bias — unlock with Pro.

Key Levels

R: 218.500 · 219.651

S: 218.000 · 214.591