USDJPY London briefing — 2026-10-19

BIAS NEUTRAL. H4 fair value gaps suggest bearish pressure while H1 gaps lean bullish; trend votes across timeframes lack conviction. KEY LEVELS R: 158.5, 159.03 | S: 158.00, 156.38 NEWS 🟡 NAHB Housing Market Index (USD) 14:00 UTC 🟡 3-Month Bill Auction (USD) 15:30 UTC 🟡 6-Month Bill Auction (USD) 15:30 UTC SESSION OUTLOOK Monitor London open reaction near 158. Bill auctions may spark USD volatility; watch range expansion toward resistance or support holds.

Key Levels

R: 158.500 · 159.029

S: 158.000 · 156.383