GBPJPY London briefing — 2026-09-30

BIAS BEARISH. D1 structure, H4 and H1 EMA alignment, and H4 fair value gaps drive downside; liquidity sweep of lows adds complexity but trend consensus remains lower. KEY LEVELS R: 208.00, 214.34 | S: 207.50, 206.89 NEWS 🟡 FPC Meeting Minutes & Statement (GBP) — Wed 09:30 UTC 🟡 BoJ Summary of Opinions (JPY) — Wed 23:50 UTC SESSION OUTLOOK Watch FPC releases at London open for GBP volatility. Price near 208 resistance; bearish bias favours dips into support cluster below 207.50.

Key Levels

R: 208.000 · 214.341

S: 207.500 · 206.889