The AUDJPY pair retreated from the critical 95.360 level during its attempt to establish a bullish break of structure (BOS). Price action was contained by a confluence zone created by intersecting resistance and support trendlines. The pair is now poised to retest the equal highs at 95.360, where a successful breakout would confirm bullish structural continuation.
Following a consolidation phase near the 101.4220 resistance, AUDJPY declined along a bearish trendline that aligned precisely with resistance from the 30- and 50-period Moving Averages. This technical confluence triggered a selloff to 86.0480 before buyers initiated a robust recovery.
The subsequent bullish structure formed a consistent series of higher highs and higher lows, demonstrating gradual but steady buying pressure that methodically approached the origin point of the last bearish displacement at 86.040. This constructive price action developed over several trading sessions, with each new higher low finding support before momentum ultimately carried prices upward to test the technically significant 95.3550 level, the precise pivot point where the last bearish displacement had initially originated.
AUDJPY Short-Term Trend: Bullish
A bearish retracement occurred just as AUDJPY approached a decisive breakout above 95.3550. The pullback found firm support at 91.8570, where bullish and bearish trendlines converged. Current price action shows the pair rallying toward the 95.3550 breakout threshold, with traders monitoring whether this attempt will demonstrate stronger momentum than the previous failed breakout.
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AUDJPY Short-Term Trend: Bullish
AUDJPY Short-Term Trend: Bullish
