GBPJPY New York briefing — 2026-08-03

BIAS BEARISH. H4 and H1 EMAs aligned downtrend; RSI oversold at 29.48 creates potential bounce risk, but structure remains bearish. KEY LEVELS R: 211.5, 219.65 | S: 211, 209.42 NEWS 🔴 Monetary Base YoY (JPY) Mon 23:50 UTC 🟡 Labor Cash Earnings YoY (JPY) Tue 23:30 UTC SESSION OUTLOOK NY opens into weak JPY data. Watch 211 support hold; oversold RSI may trigger intraday pullback toward 211.5 before resuming lower.

Key Levels

R: 211.500 · 219.651

S: 211.000 · 209.420