EURJPY London briefing — 2026-08-21

BIAS BULLISH. H4/H1 EMAs aligned bullish, D1 structure supports upside; RSI overbought (72.62) signals caution but doesn't negate the trend. KEY LEVELS R: 186.0288, 186 | S: 185.5, 179.14481 NEWS 🔴 HCOB Composite PMI (EUR) – Fri 08:00 UTC 🔴 HCOB Manufacturing PMI (EUR) – Fri 08:00 UTC 🔴 HCOB Services PMI (EUR) – Fri 08:00 UTC SESSION OUTLOOK Three high-impact EUR PMI prints risk volatility. Watch initial reaction at 186 resistance; overbought conditions may invite pullback to 185.5 support before continuation.

Key Levels

R: 186.000 · 186.029

S: 185.500 · 179.145