GBPJPY London briefing — 2026-08-20

BIAS BULLISH — H1 EMA bullish despite H4 neutral; RSI 56.47 supports upside momentum without overbought pressure. KEY LEVELS R: 216.00, 216.23 | S: 215.50, 209.42 NEWS 🟡 GfK Consumer Confidence (GBP) — Thu 23:01 UTC 🟡 National CPI YoY & ex Food/Energy (JPY) — Thu 23:30 UTC SESSION OUTLOOK Watch 216.00 rejection or break into London close. JPY inflation data may trigger volatility into London PM.

Key Levels

R: 216.000 · 216.229

S: 215.500 · 209.420