USDJPY London briefing — 2026-07-10

BIAS BULLISH. D1 structure supports upside; RSI neutral at 40.61 leaves room to run; H1/H4 EMAs diverge but don't contradict the daily bias. KEY LEVELS R: 162.00, 162.8446 | S: 161.50, 160.60 NEWS 🟡 USDA WASDE (16:00 UTC) 🟡 Baker Hughes Oil Rig Count (17:00 UTC) 🟡 CFTC JPY NC Positions (19:30 UTC) SESSION OUTLOOK Watch 162.00 resistance in London hours. Low-impact data releases allow price to follow structure; consolidation likely before US open. PRO UNLOCKS Unlock entry zones, SL placement, TP targets, FVG liquidity sweeps, and Fibonacci projections with Pro subscription.

Key Levels

R: 162.000 · 162.845

S: 161.500 · 160.601