USDJPY London briefing — 2026-06-23

BIAS BULLISH. Daily structure bullish; H4 EMA confirms upside momentum despite H1 neutrality and RSI showing no overbought extremes. KEY LEVELS R: 161.5, 162.01 | S: 161.0, 159.42 NEWS 🟡 ADP Employment (12:15 UTC) 🟡 S&P Global PMI (13:45 UTC) 🟡 Redbook Index (12:55 UTC) SESSION OUTLOOK London opens with medium-impact US data. Watch ADP reaction near 161.5 resistance; sustained breaks signal continuation. PMI at 13:45 critical for intraday momentum. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweeps, Fibonacci targets — unlock with Pro.

Key Levels

R: 161.500 · 162.007

S: 161.000 · 159.419