USDJPY London briefing — 2026-05-19

BIAS BULLISH — H4/H1 EMAs aligned bullish; D1 structure confirms uptrend despite RSI overbought signal. KEY LEVELS R: 159.5, 160.7163 | S: 159.0, 155.08038 NEWS 🟡 ADP Employment Change 4-week avg (Tue 12:15 UTC) 🟡 Pending Home Sales MoM (Tue 14:00 UTC) 🟡 Redbook Index YoY (Tue 12:55 UTC) SESSION OUTLOOK Medium-impact US data arrives mid-session. Watch 159.5 resistance for breakout confirmation; hold 159 support for bullish continuation. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweeps, Fibonacci — unlock with Pro

Key Levels

R: 159.500 · 160.716

S: 159.000 · 155.080