GBPJPY London briefing — 2026-09-22

BIAS BULLISH. Daily structure, H4/H1 EMA alignment, and bullish fair value gaps on H4/H1 drive this bias. KEY LEVELS R: 211, 214.34 | S: 210.50, 206.29 NEWS 🔴 S&P Global PMI (Composite/Manufacturing/Services) Wed 23 Sep 08:30 UTC SESSION OUTLOOK London open tests 211 resistance. PMI release tomorrow creates volatility risk; price may consolidate or probe support at 210.50 ahead of data.

Key Levels

R: 211.000 · 214.341

S: 210.500 · 206.290