GBPJPY London briefing — 2026-07-27

BIAS BEARISH. Daily structure confirms downtrend; H1 EMA bearish aligns with D1, though H4 neutral creates minor conflict. RSI at 44 supports weakness without oversold confirmation. KEY LEVELS R: 218.5, 219.65 | S: 218.0, 216.21 NEWS 🟡 BRC Shop Price Index YoY (Mon 27 Jul, 23:01 UTC) — low volatility expected SESSION OUTLOOK London opens near support at 218. Watch for rejection at 218.5 resistance or breakdown below 218 targeting 216.21. BRC data unlikely to shift momentum significantly. PRO UNLOCKS Entry zones, optimal SL placement, TP targets, FVG levels, and liquidity sweeps — unlock with Pro

Key Levels

R: 218.500 · 219.651

S: 218.000 · 216.214