AUDJPY London briefing — 2026-05-19

BIAS BEARISH. D1 structure + H4/H1 EMA alignment confirm downside; RSI neutral supports continuation without reversal signal. KEY LEVELS R: 113.5, 114.74 | S: 113, 111.39 NEWS 🟡 Westpac Leading Index Wed 01:00 UTC 🟡 S&P Global PMI (Composite/Mfg) Wed 23:00 UTC SESSION OUTLOOK London session likely quiet until Wednesday PMI data. Watch 113 support hold; break below triggers acceleration toward 111.39. PRO UNLOCKS Entry 113.15 | SL 113.65 | TP1 112.80 | TP2 111.50 | FVG 113.2–113.4 | Liquidity sweep 114.1 — unlock with Pro

Key Levels

R: 113.500 · 114.737

S: 113.000 · 111.395