AUDJPY Resumes Bullish Trend After Sweeping Stops

AUDJPY has resumed its strong bullish trend after a smart move that swept stops below the previous major low. The market reacted firmly to the demand level at 86.6320 and began to rise again. Since then, the price has continued to ascend along a bullish trendline. Moreover, AUDJPY is now gaining momentum as it pushes upward toward the next key resistance level at 102.406.

Demand Levels: 95.860, 94.390, 92.500

Supply Levels: 102.410, 109.480, 120.000

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The long-term outlook remains strongly bullish. In May, the market broke a major bearish trendline that had previously acted as resistance from the 102.410 level. This breakout signalled a clear shift in direction. Following that move, the market created a series of higher lows, confirming the emergence of a fresh bullish trend.

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Furthermore, price surged toward the 102.410 resistance and later retraced to sweep liquidity below a key higher low at 96.860. This stop-hunt triggered renewed buying pressure and allowed bulls to regain full control. Therefore, the ongoing rise suggests that buyers are still targeting higher supply regions.

On the lower timeframe, AUDJPY remains very bullish. The market structure continues to show higher highs and higher lows. Additionally, price is finding strong support from the 9-period Moving Average. As a result, traders may consider a short-term target around the recent swing high at 101.000 to generate accurate forex signals. Overall, the bullish momentum is intact across all timeframes, and the market is likely to push further upward.