GBPJPY London briefing — 2026-08-03

BIAS BEARISH. H4 and H1 EMAs aligned downtrend; RSI oversold (25.59) suggests potential bounce risk, but D1 neutral keeps short-bias valid without confirmation of fresh lows. KEY LEVELS R: 211.00, 219.65 | S: 210.50, 209.42 NEWS 🟡 S&P Global Manufacturing PMI (GBP) Mon 08:30 UTC 🟡 Monetary Base YoY (JPY) Mon 23:50 UTC 🟡 10-y Bond Auction (JPY) Tue 03:35 UTC SESSION OUTLOOK Watch PMI at London open for GBP volatility. Oversold RSI may spark pullback toward 211; hold short bias only if resistance fails.

Key Levels

R: 211.000 · 219.651

S: 210.500 · 209.420