AUDJPY Asia briefing — 2026-05-20

BIAS BEARISH. D1 structure bearish; H4/H1 EMAs aligned downside; RSI 37.47 supports continuation. KEY LEVELS R: 113.5, 114.74 | S: 113.00, 111.99 NEWS 🟡 Westpac Leading Index Wed 01:00 UTC 🟡 S&P Global Composite PMI Wed 23:00 UTC 🟡 S&P Global Manufacturing PMI Wed 23:00 UTC SESSION OUTLOOK Asia opens with bearish structure intact. Watch 113 support hold; PMI data tonight (AUD session close) may accelerate moves lower if weak. PRO UNLOCKS Entry 112.85, SL 114.20, TP1 112.50, TP2 111.65, FVG 112.20–112.40, liquidity sweep 114.73 — unlock

Key Levels

R: 113.500 · 114.737

S: 113.000 · 111.991