USDJPY New York briefing — 2026-05-19

BIAS BULLISH. D1 structure bullish; H4/H1 EMAs aligned upward; RSI 67.5 supports continuation despite overbought signals. KEY LEVELS R: 159.5, 160.7163 | S: 159.0, 155.08038 NEWS 🟡 Pending Home Sales MoM/YoY – 14:00 UTC 🔴 Redbook Index YoY – 12:55 UTC SESSION OUTLOOK Monitor Redbook and Pending Home Sales for USD reaction. Bullish structure targets 160.7 if data supports risk-on sentiment. PRO UNLOCKS Entry 159.35 | SL 158.85 | TP1 160.20 | TP2 160.70 | FVG 159.8–160.1 | Liquidity sweep 159.5R

Key Levels

R: 159.500 · 160.716

S: 159.000 · 155.080