USDJPY London briefing — 2026-10-23

BIAS BEARISH. Trend vote (D1+H4+H1 EMA) and H4/H1 fair value gaps drive direction despite lows sweep and neutral RSI. KEY LEVELS R: 157.00, 158.96 | S: 156.51, 156.07 NEWS 🔴 S&P Global Composite/Manufacturing/Services PMI (USD) — Fri 23 Oct 13:45 UTC SESSION OUTLOOK PMI cluster tests dollar strength into London close. Watch support hold above 156.51 on any data dip; resistance 157.00 caps rallies.

Key Levels

R: 157.000 · 158.962

S: 156.500 · 156.069