AUDJPY London briefing — 2026-08-04

BIAS BEARISH. Daily structure confirms downtrend; H4 EMA bearish aligns. H1 neutral divergence warns of consolidation risk, but D1 dominates bias. KEY LEVELS R: 111.00, 114.71 | S: 110.50, 109.24 NEWS 🟡 AiG Construction PMI (AUD) – Tue 23:00 UTC 🟡 AiG Manufacturing PMI (AUD) – Tue 23:00 UTC 🟡 AiG Industry Index (AUD) – Tue 23:00 UTC SESSION OUTLOOK London trades into Australia PMI releases. Watch 110.50 hold; break lower targets 109.24. Weak data amplifies bearish pressure.

Key Levels

R: 111.000 · 114.712

S: 110.500 · 109.244