USDJPY London briefing — 2026-05-11

BIAS BEARISH — D1 structure confirms downside despite neutral intraday EMAs; RSI neutral supports continuation without overbought rejection. KEY LEVELS R: 157.5, 160.7163 | S: 157, 155.08038 NEWS 🟡 Existing Home Sales Change (MoM) Mon 14:00 UTC 🟡 3-Month Bill Auction (USD) Mon 15:30 UTC SESSION OUTLOOK Soft housing data may weaken USD into London close. Watch 157 hold; break below targets 155.08. PRO UNLOCKS Entry 156.80, SL 157.6, TP1 155.5, TP2 155.08, FVG 156.2–156.5, sweep 157.3 liquidity — unlock with Pro

Key Levels

R: 157.500 · 160.716

S: 157.000 · 155.080