AUDJPY London briefing — 2026-09-21

BIAS BULLISH. H4 and H1 fair-value gaps combined with H1 bullish EMA structure drive upside despite neutral trend and bearish D1 backdrop. KEY LEVELS R: 112, 114.68 | S: 111.50, 109.29 NEWS 🔴 RBA Governor Bullock speech – Tue 22 Sep 03:10 UTC 🟡 S&P Global PMIs (Composite/Manufacturing) – Tue 22 Sep 23:00 UTC SESSION OUTLOOK London session likely consolidates ahead of RBA catalyst. Watch 112 resistance for momentum confirmation into FVG targets.

Key Levels

R: 112.000 · 114.676

S: 111.500 · 109.293