USDJPY London briefing — 2026-05-28

BIAS BULLISH — D1 structure confirmed, H4/H1 EMAs aligned upward despite RSI neutral at 67.99. KEY LEVELS R: 159.65575, 160 | S: 159.5, 156.44527 NEWS 🔴 Core PCE MoM & YoY (USD) — 12:30 UTC Thu 🟡 Continuing Jobless Claims (USD) — 12:30 UTC Thu SESSION OUTLOOK US inflation data arrives mid-session; expect volatility near 159.65. Watch for breakout above resistance or pullback hold at 159.5 support. PRO UNLOCKS Entry 159.68 | SL 159.42 | TP1 160.15 | TP2 160.65 | FVG 159.55–159.62 | Liquidity sweep 160.02

Key Levels

R: 159.656 · 160.000

S: 159.500 · 156.445