GBPJPY London briefing — 2026-09-07

BIAS BEARISH. H1/H4 EMA alignment confirms downtrend; RSI(14) at 29.84 oversold invites dip-buyers, but D1 structure remains bearish—no reversal confirmation yet. KEY LEVELS R: 211.00 | 217.48 | S: 210.50 | 209.77 NEWS 🟡 BRC Like-For-Like Retail Sales (Mon 23:01 UTC) 🟡 Labor Cash Earnings JPY (Mon 23:30 UTC) 🟡 Current Account JPY (Mon 23:50 UTC) SESSION OUTLOOK London opens into three medium-impact events. Watch GBP reaction to retail data; JPY labor/account figures could shift pairs late-session. Support holds critical at 210.50.

Key Levels

R: 211.000 · 217.477

S: 210.500 · 209.770