USDJPY London briefing — 2026-10-22

BIAS BEARISH. Trend vote (D1+H4+H1), oversold RSI(29.23), and bearish fair value gaps on H4 and H1 converge on downside pressure. KEY LEVELS R: 157.5, 158.96 | S: 157.00, 156.38 NEWS 🟡 Initial Jobless Claims (USD) Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) Thu 12:30 UTC SESSION OUTLOOK Watch London open near 157.20. Weaker jobless data could accelerate bearish breakdown toward 157.00 support. H1 FVGs guide downside targets.

Key Levels

R: 157.500 · 158.962

S: 157.000 · 156.383