GBPJPY New York briefing — 2026-07-16

BIAS BULLISH — H1/H4 EMAs aligned upside, but RSI 71.47 overbought clashes with bearish D1 structure. Short-term momentum favours buyers; daily context cautions. KEY LEVELS R: 219.5, 219.65 | S: 219.00, 213.16 NEWS 🟡 CFTC JPY NC Net Positions — Fri 17 Jul 19:30 UTC 🟡 CFTC GBP NC Net Positions — Fri 17 Jul 19:30 UTC SESSION OUTLOOK Watch 219.5 rejection or break. CFTC data post-session may shift positioning; monitor for pullback into support if overbought conditions resolve. PRO UNLOCKS Entry, SL, TP1/TP2, FVG zones, liquidity sweeps, Fibonacci targets — unlock with Pro.

Key Levels

R: 219.500 · 219.651

S: 219.000 · 213.156