USDJPY London briefing — 2026-10-29

BIAS BULLISH. H4 and H1 EMAs aligned bullish; H1 fair value gaps support upside; trend vote across D1/H4/H1 combined confirms direction despite D1 structure bearish. KEY LEVELS R: 158.00, 158.96 | S: 157.50, 156.07 NEWS 🔴 Core PCE MoM (Thu 12:30 UTC) 🔴 Core PCE YoY (Thu 12:30 UTC) 🟡 Continuing Jobless Claims (Thu 12:30 UTC) SESSION OUTLOOK PCE data risks volatile retest of resistance. Watch 158.00 rejection or breakout; support holds 157.50 during London session.

Key Levels

R: 158.000 · 158.962

S: 157.500 · 156.069