GBPJPY London briefing — 2026-08-31

BIAS BEARISH. D1 structure + H1 EMA bearish confirm downside, though RSI(31) neutral softens conviction—watch for exhaustion. KEY LEVELS R: 216.5, 217.48 | S: 216.00, 214.73 NEWS 🟡 BRC Shop Price Index 23:01 UTC 🟡 Capital Spending 23:50 UTC 🟡 Jibun Bank PMI 00:30 UTC (Tue) SESSION OUTLOOK London session opens near support at 216. Three low-impact data prints could trigger shorts toward 214.73 if conviction builds.

Key Levels

R: 216.500 · 217.477

S: 216.000 · 214.734