USDJPY London briefing — 2026-11-05

BIAS BULLISH. D1 + H4 + H1 trend consensus, H4 and H1 fair value gaps, and bullish D1 structure drive this bias. KEY LEVELS R: 158.5, 158.96 | S: 158.0, 156.07 NEWS 🟡 Challenger Job Cuts (USD) – Thu 10:30 UTC 🟡 Initial Jobless Claims (USD) – Thu 13:30 UTC 🟡 Continuing Jobless Claims (USD) – Thu 13:30 UTC SESSION OUTLOOK London opens into resistance cluster 158.5–158.96. Watch for jobless data reactions mid-session; USD strength typically pressures JPY lower, aligning with bullish bias.

Key Levels

R: 158.500 · 158.962

S: 158.000 · 156.069