AUDJPY London briefing — 2026-09-04

BIAS BEARISH. D1 structure bearish; H1 EMA bearish despite H4 neutral; RSI 33.69 offers room lower without oversold yet. KEY LEVELS R: 113, 114.96 | S: 112.5, 111.68 NEWS 🟡 CFTC AUD NC Net Positions – Fri 19:30 UTC 🟡 CFTC JPY NC Net Positions – Fri 19:30 UTC SESSION OUTLOOK Watch 112.5 hold as intermediate support. CFTC data may clarify positioning conviction; divergence between timeframes keeps downside capped until H4 confirms.

Key Levels

R: 113.000 · 114.965

S: 112.500 · 111.681