USDJPY London briefing — 2026-08-24

BIAS NEUTRAL. H4 and H1 EMAs diverge; RSI at 56.68 shows no directional conviction; D1 structure lacks clear bias. Range-bound setup demands patience. KEY LEVELS R: 159.5, 159.78 | S: 159.0, 156.76 NEWS 🟡 Chicago Fed National Activity Index (Mon 12:30 UTC) 🟡 3M & 6M Bill Auctions (Mon 15:30 UTC) SESSION OUTLOOK London open may test 159.5 resistance on light USD demand. Bill auctions at London close could trigger late volatility. Watch for intraday range holds.

Key Levels

R: 159.500 · 159.782

S: 159.000 · 156.759