AUDJPY Asia briefing — 2026-05-08

BIAS BULLISH. Daily structure overrides neutral H4/H1 divergence and mid-range RSI; upside bias intact. KEY LEVELS R: 113.5, 114.71 | S: 113.0, 111.39 NEWS 🟡 Labor Cash Earnings YoY (JPY) – Thu 23:30 UTC 🟡 Jibun Services PMI (JPY) – Fri 00:30 UTC 🟡 CFTC AUD Positions (AUD) – Fri 19:30 UTC SESSION OUTLOOK Japan data drops before Asia close; watch JPY reaction for directional clues. 113.5 resistance critical for continuation above daily trend. PRO UNLOCKS Entry 113.28 | SL 112.80 | TP1 113.68 | TP2 114.50 | FVG 112.95

Key Levels

R: 113.500 · 114.714

S: 113.000 · 111.395