GBPJPY London briefing — 2026-11-05

BIAS BULLISH. D1 + H4 + H1 EMAs aligned bullish; H4 fair value gaps support upside; RSI 63 permits continuation. KEY LEVELS R: 213.5, 213.78 | S: 213.0, 208.38 NEWS 🔴 BoE Interest Rate Decision (12:00 UTC) 🔴 BoE Minutes (12:00 UTC) 🟡 S&P Global Construction PMI (09:30 UTC) SESSION OUTLOOK BoE decision dominates. Watch for cable volatility pre-12:00; bullish structure holds into resistance 213.5 if hawkish surprise emerges.

Key Levels

R: 213.500 · 213.778

S: 213.000 · 208.385