USDJPY London briefing — 2026-05-18

BIAS BULLISH. D1 structure dominates; H1 EMA bullish supports upside despite RSI overbought conditions. KEY LEVELS R: 159.00, 160.72 | S: 158.50, 155.08 NEWS 🟡 NAHB Housing Market Index 14:00 UTC 🟡 3M/6M Bill Auctions 15:30 UTC SESSION OUTLOOK London opens near resistance. Watch for consolidation or breakout above 159.00. Bill auctions may trigger volatility mid-session. PRO UNLOCKS Entry 159.10 | SL 158.20 | TP1 159.80 | TP2 160.72 | FVG 158.65–158.75 | Liquidity sweep 160.20 — unlock Pro

Key Levels

R: 159.000 · 160.716

S: 158.500 · 155.080