USDJPY London briefing — 2026-08-19

BIAS NEUTRAL—D1 bullish structure conflicts with H4 bearish EMA; RSI at 43 shows no directional conviction. KEY LEVELS R: 159.5, 160.89 | S: 159.0, 155.25 NEWS 🟡 MBA Mortgage Applications (Wed 11:00 UTC) 🟡 EIA Crude Oil & Distillate Stocks (Wed 14:30 UTC) SESSION OUTLOOK London opens near 159.2 with mixed signals. Watch 159.5 for resistance confirmation; hold above 159 for bullish narrative.

Key Levels

R: 159.500 · 160.892

S: 159.000 · 155.251