GBPJPY London briefing — 2026-11-03

BIAS BULLISH. D1 + H4 + H1 EMAs aligned bullish; H4 and H1 fair value gaps support upside; RSI neutral, no liquidity sweep friction. KEY LEVELS R: 212, 212.12496 | S: 211.5, 208.2358 NEWS 🟡 Monetary Base YoY (JPY) Tue 23:50 UTC | 🟡 S&P Global Composite PMI (GBP) Wed 09:30 UTC | 🟡 S&P Global Services PMI (GBP) Wed 09:30 UTC SESSION OUTLOOK London opens into mild data risk. Watch GBP PMI data Wednesday morning for potential volatility; JPY print tonight could cap upside if weak.

Key Levels

R: 212.000 · 212.125

S: 211.500 · 208.236