GBPJPY London briefing — 2026-09-23

BIAS NEUTRAL. H4 bullish fair value gaps conflict with H1 bearish gaps; trend vote lacks conviction across all timeframes. KEY LEVELS R: 210, 211.81 | S: 209.5, 206.29 NEWS 🔴 S&P Global Composite PMI (GBP) — Wed 08:30 UTC 🔴 S&P Global Manufacturing PMI (GBP) — Wed 08:30 UTC 🔴 S&P Global Services PMI (GBP) — Wed 08:30 UTC SESSION OUTLOOK Three high-impact UK PMI releases at London open will dictate direction. Watch price reaction at 210 resistance and 209.5 support during data volatility.

Key Levels

R: 210.000 · 211.813

S: 209.500 · 206.290