GBPJPY London briefing — 2026-08-19

BIAS BULLISH. Daily structure supports upside despite neutral H1/H4 EMAs; RSI at midpoint offers room to run. KEY LEVELS R: 216.00, 216.34 | S: 215.50, 209.42 NEWS 🟡 DCLG House Price Index (Wed 08:30 UTC) 🟡 JPY Merchandise Trade & Exports (Wed 23:50 UTC) SESSION OUTLOOK London open tests 216 resistance. JPY data late-session may trigger volatility; watch GBP strength early for momentum confirmation.

Key Levels

R: 216.000 · 216.343

S: 215.500 · 209.420