AUDJPY London briefing — 2026-08-19

BIAS BULLISH. Daily structure supports upside despite RSI(36) showing oversold conditions; H1/H4 EMAs neutral but not conflicting the D1 bias. KEY LEVELS R: 113, 113.63 | S: 112.5, 109.24 NEWS 🟡 Merchandise Trade Balance (JPY) — Wed 23:50 UTC 🟡 Exports YoY (JPY) — Wed 23:50 UTC 🟡 Foreign Bond Investment (JPY) — Wed 23:50 UTC SESSION OUTLOOK London opens into medium JPY data risk. Watch 112.5 support; break above 113 unlocks resistance extension.

Key Levels

R: 113.000 · 113.626

S: 112.500 · 109.244