GBPJPY New York briefing — 2026-10-20

BIAS BULLISH. D1 trend, H4/H1 EMA alignment, and H4 fair value gaps override the liquidity sweep and H1 FVG bearishness. KEY LEVELS R: 211.5, 211.2659 | S: 211, 206.89 NEWS 🟡 Adjusted Merchandise Trade Balance (JPY) — Tue 23:50 UTC 🟡 Exports YoY (JPY) — Tue 23:50 UTC 🟡 Imports YoY (JPY) — Tue 23:50 UTC SESSION OUTLOOK Watch reaction to Japan trade data near 23:50. Bullish structure targets 211.5 resistance; hold above 211 support for conviction.

Key Levels

R: 211.266 · 211.500

S: 211.000 · 206.889