GBPJPY London briefing — 2026-11-04

BIAS BULLISH. D1 + H4 + H1 EMA alignment, bullish fair value gaps on H4 and H1, and bullish D1 structure drive this despite RSI overbought. KEY LEVELS R: 213.5, 213.09 | S: 213, 208.24 NEWS 🟡 S&P Global Composite & Services PMI (GBP) Wed 09:30 UTC 🟡 BoJ Monetary Policy Minutes (JPY) Wed 23:50 UTC SESSION OUTLOOK PMI data could pressure GBP; monitor BoJ minutes for JPY reaction post-London. Watch holds above 213 support.

Key Levels

R: 213.089 · 213.500

S: 213.000 · 208.236