GBPJPY London briefing — 2026-08-11

BIAS NEUTRAL — RSI overbought (75.78) conflicts bullish D1 structure; H4 EMA neutral vs H1 bullish divergence signals caution despite uptrend. KEY LEVELS R: 215.5, 218.69 | S: 215, 209.42 NEWS 🟡 JPY Money Supply M2+CD (Tue 23:50 UTC) 🟡 JPY PPI MoM (Wed 23:50 UTC) SESSION OUTLOOK Watch 215.5 resistance rejection or break; low-impact JPY data Tuesday reduces volatility. Range-bound likely until Wednesday PPI.

Key Levels

R: 215.500 · 218.688

S: 215.000 · 209.420