AUDJPY London briefing — 2026-08-06

BIAS BEARISH. Daily structure bearish; H4 EMA confirms downside. H1 neutral divergence suggests short-term consolidation, not reversal. KEY LEVELS R: 111.5, 114.71 | S: 111.00, 109.24 NEWS 🔴 JPY Household Spending (23:30 UTC) 🔴 JP Foreign Reserves (23:50 UTC) 🔴 Coincident Index (05:00 UTC Fri) SESSION OUTLOOK Weak JPY data may extend AUDJPY weakness into London close. Watch 111 support; breach triggers cascade toward 109.24.

Key Levels

R: 111.500 · 114.712

S: 111.000 · 109.244