USDJPY London briefing — 2026-07-24

BIAS BULLISH. EMA H4/H1 aligned bullish, D1 structure confirms, but RSI 71.2 signals overbought—watch for pullback before continuation. KEY LEVELS R: 164.00, 163.98 | S: 163.50, 160.64 NEWS 🔴 S&P Global Manufacturing PMI (USD) – Fri 24 Jul 13:45 UTC 🔴 S&P Global Services PMI (USD) – Fri 24 Jul 13:45 UTC 🟡 S&P Global Composite PMI (USD) – Fri 24 Jul 13:45 UTC SESSION OUTLOOK PMI prints drive London volatility. Watch 163.98 resistance; overbought conditions may trigger profit-taking before breakout. PRO UNLOCKS Unlock exact entry, SL, TP1, TP2, FV

Key Levels

R: 163.980 · 164.000

S: 163.500 · 160.644