USDJPY London briefing — 2026-11-03

BIAS BULLISH. D1 + H4 + H1 trend alignment combined with bullish fair value gaps on both H4 and H1 timeframes drive conviction. KEY LEVELS R: 158, 158.96 | S: 157.5, 156.07 NEWS 🟡 Factory Orders (MoM) Tue 15:00 UTC 🟡 JOLTS Job Openings Tue 15:00 UTC 🔴 Redbook Index (YoY) Tue 13:55 UTC SESSION OUTLOOK London opens with price at 157.82 near support. Watch for reaction into factory data; medium volatility expected around 15:00 UTC.

Key Levels

R: 158.000 · 158.962

S: 157.500 · 156.069