FX.co ★ Zubad | AUD/JPY

AUDJPY Technical Analysis – Market Structure and Trading Outlook AUDJPY is currently trading at 110.18, and the overall technical picture suggests that the market remains in a downtrend. Although some minor bullish movements have appeared, they are considered corrective rather than a confirmed reversal. Sellers continue to dominate the broader structure, and traders should rely on key technical levels before making new decisions. At this stage, price action is moving between important support and resistance zones. The first support level is located at 110.332, while the nearest resistance level is positioned at 109.491. The market is currently fluctuating between these two levels, which indicates a period of consolidation. Such range movement often signals indecision and usually precedes a strong breakout in one direction. If AUDJPY manages to break above the resistance level of 109.491, bullish momentum may develop in the short term. In that case, the next resistance target is expected near 108.088. A strong close above this area would suggest that buyers are attempting to take control and could open the way for further upward movement. Traders looking for buy opportunities should wait for confirmation through candlestick patterns and volume strength. On the other hand, if the price breaks below the support level at 110.332, the bearish trend is likely to continue. Under this scenario, the next support target would be around 111.356. A decline toward this level would confirm the strength of sellers and could accelerate downward momentum. Short traders should focus on risk management and avoid early entries before confirmation. The moving average analysis presents a mixed outlook. Price is trading above the 150-period and 60-period moving averages, while the 18-period average remains near current price action. This alignment reflects short-term uncertainty and shows that momentum is not fully aligned with either side. The Relative Strength Index (RSI) is positioned in the middle region and currently shows a selling signal. This indicates that bearish pressure is still present and that buyers have not yet gained enough strength to reverse the trend. Final View AUDJPY remains under bearish influence while trading inside a defined range. Traders should closely monitor 109.491 resistance and 110.332 support for breakout confirmation. A disciplined approach with proper stop-loss placement is recommended until the market shows a clear direction.