GBPJPY London briefing — 2026-10-23

BIAS BULLISH. D1 trend + H4/H1 EMA alignment + liquidity sweep of lows + H4 fair value gaps override neutral RSI and bearish H1 FVGs. KEY LEVELS R: 210.5, 211.99953 | S: 210, 206.88927 NEWS 🔴 S&P Global Composite/Manufacturing/Services PMI (GBP) – Fri 23 Oct 08:30 UTC SESSION OUTLOOK PMI data hits during London open; volatility expected around support 210. Watch for sweep confirmation into resistance structure.

Key Levels

R: 210.500 · 212.000

S: 210.000 · 206.889