USDJPY London briefing — 2026-05-29

BIAS BULLISH — D1 structure dominates despite H1 neutrality; H4 EMA confirms upside conviction. KEY LEVELS R: 159.5, 159.66 | S: 159.0, 156.45 NEWS 🟡 Fed Schmid speech (10:50 UTC) 🟡 Goods Trade Balance (12:30 UTC) 🟡 Wholesale Inventories (12:30 UTC) SESSION OUTLOOK Schmid speech could spark USD volatility into London afternoon. Watch 159.5 resistance for breakout confirmation; hold 159.0 support. PRO UNLOCKS [Entry 159.32 | SL 158.95 | TP1 159.58 | TP2 159.85 | FVG 159.10-159.22 | Liquidity sweep 156.80 — unlock with Pro]

Key Levels

R: 159.500 · 159.656

S: 159.000 · 156.445