EURJPY London briefing — 2026-08-12

BIAS NEUTRAL — RSI overbought at 71 contradicts bullish daily structure; H4 EMA neutral while H1 bullish creates conflicting timeframe signals. No clear edge. KEY LEVELS R: 184.00, 187.48 | S: 183.50, 179.14 NEWS 🟡 JPY Producer Price Index (MoM/YoY) — Wed 23:50 UTC 🟡 JPY Machine Tool Orders (YoY) — Thu 06:00 UTC SESSION OUTLOOK Watch rejection at 184 resistance. Low-impact data unlikely to drive sustained moves; focus on price action around key support hold.

Key Levels

R: 184.000 · 187.480

S: 183.500 · 179.145