USDJPY London briefing — 2026-08-11

BIAS NEUTRAL. RSI overbought at 72.4 conflicts with bullish D1 structure; H4/H1 EMA divergence signals weakening momentum despite higher timeframe bias. KEY LEVELS R: 159.5, 164.09 | S: 159.0, 155.25 NEWS 🟡 ADP Employment Change 4-week average — Tue 12:15 UTC 🔴 NFIB Business Optimism Index — Tue 10:00 UTC 🔴 Redbook Index (YoY) — Tue 12:55 UTC SESSION OUTLOOK Watch for rejection near 159.5 resistance given overbought conditions. USD data releases may trigger volatility; monitor momentum on pullbacks into support.

Key Levels

R: 159.500 · 164.088

S: 159.000 · 155.251