AUDJPY Sustains Bullish Motion

AUDJPY has maintained steady gains throughout the year, consistently demonstrating strength across multiple timeframes. Although the pair recently experienced a mild pullback, price action has since shown a clear recovery, reflecting renewed bullish intent. With momentum building once again, AUDJPY appears poised to challenge and potentially break into new quarterly highs as buyers sustain control of market direction.

Demand Levels: 97.020, 94.720, 92.330

Supply Levels: 100.950, 104.530, 108.300

Since May, AUDJPY has moved within a well-defined bullish parallel channel. Recently, price touched the upper boundary of this channel. Instead of retreating strongly toward the lower border, price has hovered persistently near the channel’s roof—an indication of underlying bullish strength and a willingness to continue upward expansion.

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The Hull Butterfly Oscillator further confirms buyer dominance, reinforcing the prevailing bullish sentiment. Additionally, the Smoothened Heikin Ashi candles have delivered a buy forex signal since early November, supporting the expectation that bullish pressure is likely to continue as long as structural conditions remain intact.

Lower-timeframe analysis reveals a strong rebound from the earlier pullback, illustrated by a sequence of consecutive bullish candles. This recovery suggests that bullish momentum is accelerating once again. As a result, AUDJPY is expected to advance toward the next major resistance zone, with continued buyer strength likely to drive further upside in the sessions ahead.

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