GBPJPY London briefing — 2026-08-06

BIAS BEARISH. D1 structure confirms downside; H4 EMA bearish while H1 neutral creates minor divergence, but RSI mid-range (49.53) leaves room for continuation lower without overextension. KEY LEVELS R: 212.5, 218.94 | S: 212.0, 209.42 NEWS 🟡 S&P Global Construction PMI (GBP) 08:30 UTC 🟡 Overall Household Spending YoY (JPY) 23:30 UTC 🟡 JP Foreign Reserves (JPY) 23:50 UTC SESSION OUTLOOK Watch for Construction PMI reaction early London; weak prints support bearish thesis. Late Asia data could trigger volatility near close.

Key Levels

R: 212.500 · 218.936

S: 212.000 · 209.420