GBPJPY New York briefing — 2026-10-02

BIAS BEARISH. D1 structure, H4 and H1 EMAs all aligned downside; H4 fair value gaps confirm directional pressure. KEY LEVELS R: 208.5, 211.29 | S: 208.0, 206.89 NEWS CFTC JPY NC Net Positions — Fri 02 Oct 19:30 UTC 🟡 CFTC GBP NC Net Positions — Fri 02 Oct 19:30 UTC 🟡 SESSION OUTLOOK NY session opens with bearish trend intact. Watch 208 support; breach targets 206.89. Conflicting H1 bullish FVG offers minor pullback resistance.

Key Levels

R: 208.500 · 211.287

S: 208.000 · 206.889