EURJPY London briefing — 2026-08-18

BIAS NEUTRAL — RSI overbought (75.28) conflicts with bullish D1 structure and H1 EMA; H4 neutral weakens conviction despite price strength. KEY LEVELS R: 185.00, 187.47 | S: 184.50, 179.14 NEWS 🟡 ZEW Economic Sentiment (EUR) Tue 09:00 UTC 🟡 ECB Lane Speech (EUR) Tue 11:45 UTC 🟡 Machinery Orders (JPY) Tue 23:50 UTC SESSION OUTLOOK Watch ZEW and Lane speech for EUR directional clues; overbought conditions warn of pullback risk despite bullish setup.

Key Levels

R: 185.000 · 187.475

S: 184.500 · 179.145