USDJPY London briefing — 2026-05-13

BIAS BULLISH — H1 EMA bullish overrides neutral D1; RSI elevated supports upside momentum. KEY LEVELS R: 158, 160.72 | S: 157.50, 155.08 NEWS 🟡 MBA Mortgage Applications 11:00 UTC 🟡 Producer Price Index (MoM/YoY) 12:30 UTC SESSION OUTLOOK PPI releases drive mid-London volatility. Watch 158 resistance; break targets 160.72. Support holds at 157.50 if pullback occurs. PRO UNLOCKS Entry 157.85 | SL 157.35 | TP1 158.20 | TP2 160.50 | FVG 157.60–157.75 | Liquidity sweep 160.00

Key Levels

R: 158.000 · 160.716

S: 157.500 · 155.080