USDJPY London briefing — 2026-07-08

BIAS BULLISH. H4 and H1 EMAs aligned bullish; D1 structure confirms uptrend; RSI neutral at 55.2 leaves room to run higher. KEY LEVELS R: 162.67, 162.5 | S: 162.0, 159.45 NEWS 🟡 MBA Mortgage Applications (11:00 UTC) 🟡 Wholesale Inventories (14:00 UTC) 🟡 EIA Crude Oil Stocks (14:30 UTC) SESSION OUTLOOK Weak data releases offer no resistance to momentum. Watch 162.5 for breakout confirmation; hold above 162.0 support for continuation. PRO UNLOCKS Pro subscribers: exact entry zones, SL placement, TP structure, FVG liquidity, Fibonacci targets, sweep patterns.

Key Levels

R: 162.500 · 162.673

S: 162.000 · 159.452