EURJPY London briefing — 2026-08-03

BIAS BEARISH. H4/H1 EMAs aligned downward; RSI oversold at 26.46 signals exhaustion, but daily structure remains bullish—conflicting timeframes. Favor shorts on bounce rejections near 181R. KEY LEVELS R: 181.00, 187.48 | S: 180.50, 179.14 NEWS 🟡 HCOB Manufacturing PMI (EUR) Mon 08:00 UTC 🟡 Monetary Base YoY (JPY) Mon 23:50 UTC 🟡 10-y Bond Auction (JPY) Tue 03:35 UTC SESSION OUTLOOK Watch 181 rejection for short confirmation. PMI data early London may spark EUR volatility; monitor JPY pairs ahead of monetary base release.

Key Levels

R: 181.000 · 187.480

S: 180.500 · 179.145