AUDJPY London briefing — 2026-05-20

BIAS BEARISH. D1 structure + aligned H4/H1 EMAs confirm downtrend; RSI(14) neutral but price below 113 resistance. KEY LEVELS R: 113, 114.74 | S: 112.50, 111.99 NEWS 🟡 S&P Global Composite/Manufacturing/Services PMI (AUD) — Wed 23:00 UTC SESSION OUTLOOK London open tests 113 resistance. AUD PMI data late-session may trigger volatility. Watch rejection below 113 for continuation lower. PRO UNLOCKS Unlock exact entry zones, SL placement, TP1/TP2, FVG analysis, liquidity sweeps, Fib levels — Pro subscribers only.

Key Levels

R: 113.000 · 114.737

S: 112.500 · 111.991