GBPJPY London briefing — 2026-08-24

BIAS BULLISH. H4 and H1 EMAs aligned upward; RSI neutral at 68 prevents overbought conviction, but daily structure holds. KEY LEVELS R: 217.15, 217.5 | S: 217.00, 211.52 NEWS 🔴 JPY Coincident Index Tue 05:00 UTC 🔴 JPY Leading Economic Index Tue 05:00 UTC 🔴 JPY Corporate Service Price Index Wed 23:50 UTC SESSION OUTLOOK London opens near resistance. Weak JPY data overnight may extend bullish momentum, but RSI proximity to 70 signals caution into resistance.

Key Levels

R: 217.153 · 217.500

S: 217.000 · 211.522