GBPJPY London briefing — 2026-08-12

BIAS NEUTRAL — RSI overbought (74.9) conflicts with bullish D1 structure and H1 EMA; H4 neutral adds no conviction. Risk of pullback despite uptrend. KEY LEVELS R: 215.5, 218.68 | S: 215.0, 209.42 NEWS 🟡 RICS Housing Balance (GBP) 23:01 UTC | 🟡 PPI MoM/YoY (JPY) 23:50 UTC SESSION OUTLOOK Monitor for rejection at 215.5 resistance given overbought conditions. JPY data may pressure GBP if softer than expected.

Key Levels

R: 215.500 · 218.688

S: 215.000 · 209.420