USDJPY London briefing — 2026-05-21

BIAS BULLISH. EMA H4/H1 aligned bullish; D1 structure confirms uptrend; RSI neutral avoids overbought rejection. KEY LEVELS R: 159.24221, 159.5 | S: 159, 155.08038 NEWS 🟡 Building Permits MoM (USD) Thu 12:30 UTC 🟡 Building Permits Change (USD) Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) Thu 12:30 UTC SESSION OUTLOOK Medium USD data at London open may trigger volatility. Watch 159.24 resistance; breach targets 159.5. PRO UNLOCKS Entry 159.15 | SL 158.85 | TP1 159.42 | TP2 159.68 | FVG 159.08-159.12 | Liquidity sweep 155

Key Levels

R: 159.242 · 159.500

S: 159.000 · 155.080