USDJPY London briefing — 2026-10-05

BIAS BULLISH. Trend vote (D1+H4+H1), H4 fair value gaps, and H1 fair value gaps align upside. KEY LEVELS R: 158, 159.03 | S: 157.50, 152.91 NEWS 🟡 S&P Global Composite PMI (USD) 13:45 UTC 🟡 ISM Services Employment Index 14:00 UTC SESSION OUTLOOK London opens near 157.79. Watch PMI data at 13:45—USD weakness risks pullback to support. H1 neutral EMA suggests chop; H4 bullish EMA targets resistance.

Key Levels

R: 158.000 · 159.029

S: 157.500 · 152.908