GBPJPY London briefing — 2026-08-05

BIAS BEARISH. D1 structure bearish; H4 EMA confirms downside. H1 neutral divergence signals caution on aggressive shorts; RSI mid-range offers no overbought rejection. KEY LEVELS R: 212.5, 218.98 | S: 212.00, 209.42 NEWS 🟡 S&P Global Composite PMI (GBP) Wed 08:30 UTC [LOW] 🟡 S&P Global Services PMI (GBP) Wed 08:30 UTC [LOW] 🟡 Foreign Bond Investment (JPY) Wed 23:50 UTC [LOW] SESSION OUTLOOK London open: watch PMI prints for GBP weakness confirmation. Price near 212.28; support at 212.00 is first test. Soft data may accelerate downside.

Key Levels

R: 212.500 · 218.981

S: 212.000 · 209.420