GBPJPY London briefing — 2026-08-21

BIAS BULLISH. H1/H4 EMAs aligned uptrend; RSI at 69 shows strength without exhaustion; D1 neutral doesn't contradict the intraday bullish structure. KEY LEVELS R: 217.07, 217.00 | S: 216.50, 209.42 NEWS 🔴 S&P Global Composite PMI (GBP) 08:30 UTC 🔴 S&P Global Manufacturing PMI (GBP) 08:30 UTC 🔴 S&P Global Services PMI (GBP) 08:30 UTC SESSION OUTLOOK UK PMI data at London open may trigger volatility. Watch 217 resistance—break here confirms continuation; hold at 216.50 keeps bulls alive.

Key Levels

R: 217.000 · 217.069

S: 216.500 · 209.420