GBPJPY London briefing — 2026-10-01

BIAS BEARISH. Daily structure and combined H4/H1 EMA trend vote drive direction despite bullish FVGs offering counter-pressure. KEY LEVELS R: 210, 211.81 | S: 209.5, 206.89 NEWS 🟡 BoE Mann speech Thu 12:00 UTC | 🔴 S&P Manufacturing PMI Thu 08:30 UTC | 🔴 JPY Jobs Ratio Thu 23:30 UTC SESSION OUTLOOK London open tests 210 resistance ahead of Mann commentary. PMI data earlier may set intraday tone; watch FVG rejection patterns on H1.

Key Levels

R: 210.000 · 211.813

S: 209.500 · 206.889