USDJPY London briefing — 2026-07-22

BIAS BULLISH — EMA H4/H1 aligned bullish, D1 structure intact, though RSI 81.2 signals overbought exhaustion risk. KEY LEVELS R: 163.31261, 163.5 | S: 163, 160.60117 NEWS 🟡 MBA Mortgage Applications (11:00 UTC) 🟡 EIA Crude Oil Stocks (14:30 UTC) 🟡 20-Year Bond Auction (17:00 UTC) SESSION OUTLOOK London open may test 163.31 resistance. Low-impact data keeps focus on price action; watch for mean reversion dips into 163 support. PRO UNLOCKS Entry zones, exact SL placement, TP clusters, liquidity sweep targets, FVG invalidation levels — unlock with Pro.

Key Levels

R: 163.313 · 163.500

S: 163.000 · 160.601