USDJPY London briefing — 2026-08-18

BIAS BULLISH. Daily structure bullish; H1 EMA bullish supports momentum despite RSI overbought at 67.99 and H4 EMA neutral. KEY LEVELS R: 160.00 | 163.74 | S: 159.50 | 155.25 NEWS 🟡 ADP Employment Change (Tue 12:15 UTC) 🟡 Building Permits (Tue 12:30 UTC) SESSION OUTLOOK ADP data may spark intraday volatility; watch 160 resistance for break conviction. Price near 159.74 with overbought RSI — pullback to 159.50 plausible before continuation.

Key Levels

R: 160.000 · 163.741

S: 159.500 · 155.251