AUDJPY London briefing — 2026-10-12

BIAS BULLISH. D1 trend + H1 EMA alignment + bullish H4 & H1 fair value gaps drive directional conviction despite neutral RSI. KEY LEVELS R: 111, 112.61 | S: 110.5, 108.74 NEWS 🟡 Bank Lending YoY (JPY) Mon 23:50 UTC 🟡 PPI MoM & YoY (JPY) Mon 23:50 UTC SESSION OUTLOOK Watch London session reaction to late-day JPY data. Bullish structure intact unless sweep triggers 110.5 support.

Key Levels

R: 111.000 · 112.607

S: 110.500 · 108.740