USDJPY London briefing — 2026-05-07

BIAS BEARISH. D1 structure confirms weakness; H4/H1 EMAs aligned downside; RSI neutral supports pullback before continuation. KEY LEVELS R: 156.5, 160.72 | S: 156, 155.08 NEWS 🟡 Challenger Job Cuts 11:30 UTC 🟡 Initial Jobless Claims 12:30 UTC 🟡 Continuing Jobless Claims 12:30 UTC SESSION OUTLOOK Watch for USD weakness confirmation on jobless data. London opens with bearish structure intact; watch support holds at 156. PRO UNLOCKS [Pro members: exact entry zones, SL placement, TP cascades, FVG liquidity, Fib retracements—unlock full trade plan]

Key Levels

R: 156.500 · 160.716

S: 156.000 · 155.080