GBPJPY New York briefing — 2026-09-07

BIAS BEARISH. D1 bearish structure, H4/H1EMAs aligned downward, RSI oversold at 19.78 creates mean-reversion risk but doesn't negate momentum direction. KEY LEVELS R: 209.5, 217.48 | S: 209.0, 208.65 NEWS 🟡 BRC Retail Sales (Mon 23:01 UTC) 🟡 JPY Labor Earnings (Mon 23:30 UTC) 🟡 JPY Current Account (Mon 23:50 UTC) SESSION OUTLOOK Oversold conditions may attract short-covering into NY open. Monitor GBP/JPY data releases for volatility; JPY events late session could spike moves into support.

Key Levels

R: 209.500 · 217.477

S: 209.000 · 208.647