GBPJPY New York briefing — 2026-10-22

BIAS BULLISH. Daily structure, H4 EMA, and H1 EMA combined with H4 fair value gaps drive conviction despite liquidity sweep of highs and conflicting H1 FVGs. KEY LEVELS R: 210, 211.99953 | S: 209.5, 206.88927 NEWS 🔴 BoE Governor Bailey speech (GBP) Thu 22 Oct 13:00 UTC 🟡 GfK Consumer Confidence (GBP) Thu 22 Oct 23:01 UTC 🟡 National CPI YoY (JPY) Thu 22 Oct 23:30 UTC SESSION OUTLOOK Bailey speech critical for GBP direction; watch reaction into resistance. Monitor CPI for yen volatility spillover into NY close.

Key Levels

R: 210.000 · 212.000

S: 209.500 · 206.889