AUDJPY London briefing — 2026-10-22

BIAS BEARISH. Trend vote (D1 + EMA H4 + EMA H1) and H1 fair value gaps confirm downside; liquidity sweep of highs reinforces selling pressure. KEY LEVELS R: 110.5, 111.53 | S: 110, 108.66 NEWS 🟡 S&P Global Composite/Manufacturing/Services PMI (AUD) Thu 22:00 UTC SESSION OUTLOOK PMI data risks volatility around London close. Watch 110 support hold; breach opens 108.66 target.

Key Levels

R: 110.500 · 111.534

S: 110.000 · 108.658