GBPJPY New York briefing — 2026-10-16

BIAS BULLISH. D1 + H4 + H1 trend confluence, bullish H4 and H1 fair value gaps, and RSI overbought condition reinforce upside. KEY LEVELS R: 211.00, 210.92 | S: 210.50, 206.89 NEWS CFTC JPY NC Net Positions at 19:30 UTC 🟡 | CFTC GBP NC Net Positions at 19:30 UTC 🟡 SESSION OUTLOOK New York session tests resistance on continued trend strength. Watch for liquidity at 211 and reaction into CFTC data release.

Key Levels

R: 210.920 · 211.000

S: 210.500 · 206.889