AUDJPY London briefing — 2026-09-25

BIAS BEARISH. D1 + H4 + H1 trend vote combined with H4 fair value gap breakdown drive directional bias. KEY LEVELS R: 111.5, 114.73 | S: 111.0, 109.68 NEWS CFTC AUD NC Net Positions — Fri 25 Sep 19:30 UTC 🟡 CFTC JPY NC Net Positions — Fri 25 Sep 19:30 UTC 🟡 SESSION OUTLOOK London close prints CFTC data; watch for positioning shifts. H1 bullish FVG offers counter-structure into London dip.

Key Levels

R: 111.500 · 114.729

S: 111.000 · 109.677