AUDJPY London briefing — 2026-08-17

BIAS NEUTRAL — RSI overbought at 71.55 conflicts with bullish D1 structure; H4 neutral vs H1 bullish divergence weakens conviction despite price above 113. KEY LEVELS R: 113.5, 114.34 | S: 113, 109.24 NEWS 🟡 Westpac Consumer Confidence (AUD) — Tue 00:30 UTC 🟡 Machinery Orders MoM/YoY (JPY) — Tue 23:50 UTC SESSION OUTLOOK London opens into potential pullback zone near 113 resistance. Westpac data overnight could spark AUD volatility; watch rejection or breakout at 113.5 by US hours.

Key Levels

R: 113.500 · 114.342

S: 113.000 · 109.244