AUDJPY London briefing — 2026-05-07

BIAS BULLISH. D1 structure dominates; H4 EMA bullish despite H1 neutrality and RSI at midpoint. KEY LEVELS R: 113.5, 114.71 | S: 113.0, 111.39 NEWS 🟡 Labor Cash Earnings YoY (JPY) Thu 23:30 UTC 🟡 Jibun Bank Services PMI (JPY) Fri 00:30 UTC SESSION OUTLOOK Watch Labor data for yen weakness catalyst. Price needs to break 113.5 resistance to confirm upside continuation into London close. PRO UNLOCKS Entry 113.45 | SL 112.95 | TP1 113.85 | TP2 114.50 | FVG 113.1-113.2 | Liquidity sweep 114.71

Key Levels

R: 113.500 · 114.714

S: 113.000 · 111.395