GBPJPY New York briefing — 2026-09-25

BIAS BEARISH. Trend vote (D1 + H4 + H1 combined), H4 fair value gaps, and H1 fair value gaps drive downside conviction despite neutral RSI and bullish liquidity sweep. KEY LEVELS R: 209, 216.86 | S: 208.50, 207.09 NEWS CFTC JPY NC Net Positions (19:30 UTC) 🟡 | CFTC GBP NC Net Positions (19:30 UTC) 🟡 SESSION OUTLOOK CFTC data releases may trigger positioning shifts. Watch 208.50 support hold; breach targets 207.09 under bearish structure.

Key Levels

R: 209.000 · 216.857

S: 208.500 · 207.088