AUDJPY London briefing — 2026-05-12

BIAS BULLISH. H4 EMA bullish dominates D1 neutral structure; RSI neutral permits upside continuation. KEY LEVELS R: 114.00, 114.71 | S: 113.50, 111.39 NEWS 🔴 AUD Budget Release Tue 09:30 UTC 🟡 JPY Current Account Tue 23:50 UTC 🔴 JPY Bank Lending Tue 23:50 UTC SESSION OUTLOOK AUD budget catalyst pre-London open drives initial direction. Watch 114.00 resistance for breakout confirmation into US session overlap. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweeps, Fibonacci targets—unlock with Pro subscription.

Key Levels

R: 114.000 · 114.714

S: 113.500 · 111.395