GBPJPY London briefing — 2026-10-08

BIAS BEARISH. D1 + H4 EMA + H1 EMA combined trend vote drives direction; H1 fair value gaps reinforce downside. KEY LEVELS R: 209, 211.29 | S: 208.5, 206.89 NEWS 🟡 BoE Greene speech (09:15 UTC) 🟡 BoE Lombardelli speech (13:00 UTC) SESSION OUTLOOK Watch for reaction off 209 resistance into BoE speeches. H4 bullish FVGs may create intraday pullbacks before continuation lower.

Key Levels

R: 209.000 · 211.287

S: 208.500 · 206.889