AUDJPY Resumes Bullish Trend

AUDJPY is currently sustaining a strong bullish trend, showing renewed upward momentum after a brief correction. The market structure remains intact, as price action forms a bullish wedge while advancing toward the relative equal highs at 102.00 and the unmitigated bearish order block at 104.530. This setup reinforces the overall bullish sentiment dominating the pair.

Resistance Levels: 100.700, 104.530, 108.300

Demand Levels: 97.000, 94.720, 92.330

On the daily chart, AUDJPY recently tapped the resistance trendline of the bullish wedge, triggering a mild bearish correction within the prevailing uptrend. This retracement allowed the market to fill the inefficiency region created during its earlier bullish push. Consequently, the pair recorded a 2.43% decline, retracing to the 98.680 level before finding support.

.

Following the brief dip, the market has regained its bullish momentum, with the price climbing steadily toward the recent swing high of 100.950, where another minor pullback has begun. Despite this retracement, the Smoothened Heikin Ashi candles continue to signal bullish strength, suggesting that buyers maintain firm control over the market.

In the short term, AUDJPY is accelerating toward the equal highs at 102.00 and the unmitigated bearish order block at 104.530, maintaining strong upward pressure. The Smoothened Heikin Ashi on the lower timeframe displays a consistent green hue beneath the daily candles, confirming that lower timeframes are in alignment with the higher timeframe bias. This confluence further supports the continuation of the bullish momentum in the sessions ahead.

Make money without lifting your fingers: Start using a world-class auto trading solution.