GBPJPY London briefing — 2026-08-10

BIAS NEUTRAL. H1 bullish EMA conflicts with H4 neutral and D1 neutral; RSI overbought at 68.99 signals caution despite price strength. KEY LEVELS R: 214.00, 218.69 | S: 213.50, 209.42 NEWS 🟡 BRC Retail Sales (Mon 23:01 UTC) | 🔵 JPY M2+CD (Tue 23:50 UTC) SESSION OUTLOOK Watch 214 resistance rejection or break; retail data could trigger GBP volatility. H4/D1 neutrality suggests ranging behavior until momentum confirms.

Key Levels

R: 214.000 · 218.688

S: 213.500 · 209.420