GBPJPY London briefing — 2026-09-03

BIAS BEARISH. D1 structure down, H1 EMA bearish, RSI deeply oversold at 7.08 signals potential bounce risk but trend remains lower. KEY LEVELS R: 212.00, 217.48 | S: 211.50, 211.16 NEWS 🔴 BoE Monetary Policy Report Hearings 09:15 UTC 🟡 S&P Global Composite PMI 08:30 UTC 🟡 S&P Global Services PMI 08:30 UTC SESSION OUTLOOK PMI data pre-BoE could trigger volatility; watch 211.50 hold. BoE testimony may extend downside if hawkish signals fail.

Key Levels

R: 212.000 · 217.477

S: 211.500 · 211.157