EURJPY Asia briefing — 2026-08-21

BIAS BULLISH with caution. EMA H4/H1 aligned bullish, D1 structure bullish, but RSI 74.93 signals overbought—pullback risk before continuation. KEY LEVELS R: 185.84, 186 | S: 185.5, 179.14 NEWS 🔴 Jibun Bank Manufacturing PMI (JPY) — Fri 00:30 UTC 🔴 Jibun Bank Services PMI (JPY) — Fri 00:30 UTC 🔴 HCOB Composite PMI (EUR) — Fri 08:00 UTC SESSION OUTLOOK Asia opens with JPY PMI data; weak readings could spark yen weakness and fuel bullish continuation. Watch 185.84 resistance for breakout conviction.

Key Levels

R: 185.842 · 186.000

S: 185.500 · 179.145