GBPJPY London briefing — 2026-08-18

BIAS BULLISH. H1 EMA bullish, D1 structure bullish, RSI neutral—directional bias confirmed despite overbought concerns. KEY LEVELS R: 216.5, 218.69 | S: 216.00, 209.42 NEWS 🟡 GBP 10-y Bond Auction (Tue 09:30 UTC) 🟡 JPY Machinery Orders MoM/YoY (Tue 23:50 UTC) SESSION OUTLOOK Watch 216.5 for breakout confirmation; Bond Auction timing may create GBP volatility into London AM.

Key Levels

R: 216.500 · 218.688

S: 216.000 · 209.420