GBPJPY London briefing — 2026-08-07

BIAS BEARISH. D1 structure bearish; H4 EMA confirms downside. H1 neutral divergence suggests intraday consolidation before continuation. KEY LEVELS R: 213.5, 218.94 | S: 213, 209.42 NEWS CFTC JPY NC Net Positions (Fri 19:30 UTC) 🟡 CFTC GBP NC Net Positions (Fri 19:30 UTC) 🟡 SESSION OUTLOOK London open may test 213 support; watch for hold/break into CFTC data. Bias remains lower on D1 structure.

Key Levels

R: 213.500 · 218.936

S: 213.000 · 209.420