USDJPY London briefing — 2026-08-20

BIAS NEUTRAL — D1 bullish structure conflicts with H4/H1 bearish EMAs and RSI at 36.79 (oversold but not yet confirming reversal). KEY LEVELS R: 159.78, 159 | S: 158.5, 155.25 NEWS 🟡 Initial Jobless Claims (USD) Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) Thu 12:30 UTC SESSION OUTLOOK Claims data may spark USD volatility. Watch 159 resistance rejection or hold at 158.5 support to clarify directional intent ahead of London close.

Key Levels

R: 159.000 · 159.782

S: 158.500 · 155.251