AUDJPY Asia briefing — 2026-09-25

BIAS BEARISH. D1 structure, H4/H1 EMA alignment, and H4 fair value gaps drive downside conviction. KEY LEVELS R: 111.5, 112.70275 | S: 111, 109.29309 NEWS CFTC AUD NC Net Positions (Fri 19:30 UTC) 🟡 CFTC JPY NC Net Positions (Fri 19:30 UTC) 🟡 SESSION OUTLOOK Watch for rejection at 111.5 resistance. H1 bullish FVG offers pullback logic before continuation lower toward 109.29 support.

Key Levels

R: 111.500 · 112.703

S: 111.000 · 109.293