GBPJPY London briefing — 2026-09-18

BIAS BULLISH. D1 trend + H4/H1 EMA alignment combined with bullish fair value gaps on H4 and H1 drive conviction. KEY LEVELS R: 210.5, 216.99633 | S: 210, 206.28983 NEWS CFTC JPY NC Net Positions at 19:30 UTC 🟡 | CFTC GBP NC Net Positions at 19:30 UTC 🟡 SESSION OUTLOOK London opens into resistance at 210.5. Watch for momentum rejection or break; RSI at 68 leaves limited headroom before consolidation.

Key Levels

R: 210.500 · 216.996

S: 210.000 · 206.290