EURJPY London briefing — 2026-08-05

BIAS BEARISH. D1 structure bearish; H4 EMA confirms downside. H1 neutral divergence weakens conviction but doesn't flip bias. RSI at 49 neutral. KEY LEVELS R: 182.00, 187.48 | S: 181.50, 179.14 NEWS 🟡 HCOB Composite PMI (EUR) — Wed 08:00 UTC 🟡 Producer Price Index MoM (EUR) — Wed 09:00 UTC SESSION OUTLOOK PMI data arrives early session. Watch 182 resistance; break below 181.50 targets 179.14. H1 neutrality may cap momentum until directional clarity returns.

Key Levels

R: 182.000 · 187.480

S: 181.500 · 179.145