AUDJPY London briefing — 2026-08-18

BIAS NEUTRAL. H1 bullish vs. H4 neutral divergence conflicts with D1 strength; RSI 72.97 overbought limits upside conviction despite structural support. KEY LEVELS R: 113.5, 113.97 | S: 113.0, 109.24 NEWS 🟡 Machinery Orders MoM/YoY (JPY) – Tue 23:50 UTC 🟡 Wage Price Index QoQ (AUD) – Wed 01:30 UTC SESSION OUTLOOK Watch Machinery Orders reaction for yen weakness. Price needs to close above 113.5 to confirm H1 momentum; overbought RSI risks pullback to 113.0 support.

Key Levels

R: 113.500 · 113.967

S: 113.000 · 109.244