The AUD/JPY pair is currently maintaining a bullish bias, underpinned by an ongoing uptrend. Recent price action shows sideways consolidation, typically a sign of trend continuation when occurring within an established bullish structure.
Key Level: 91.50
This level marks a prior consolidation zone and now acts as a critical support area.
Bullish Scenario (bounce from 91.50):
A corrective dip to 91.50 followed by a strong bounce would support the bullish continuation.
Upside targets include:
94.20 – Immediate resistance
94.90 – Previous swing high
95.90 – Longer-term resistance
Bearish Scenario (break below 91.50):
A daily close below 91.50 would weaken the bullish outlook.
In this case, downside support levels include:
90.50 – Initial retracement target
89.40 – Deeper support zone
Conclusion
The outlook for AUD/JPY remains bullish while price holds above the key 91.50 support level. A successful bounce from this zone could lead to a retest of higher resistance levels at 94.20 and above. However, a confirmed break below 91.50 would shift sentiment to neutral-to-bearish, potentially triggering further declines toward 90.50 and 89.40. Traders should monitor price behavior at 91.50 for near-term directional cues.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Key Level: 91.50
This level marks a prior consolidation zone and now acts as a critical support area.
Bullish Scenario (bounce from 91.50):
A corrective dip to 91.50 followed by a strong bounce would support the bullish continuation.
Upside targets include:
94.20 – Immediate resistance
94.90 – Previous swing high
95.90 – Longer-term resistance
Bearish Scenario (break below 91.50):
A daily close below 91.50 would weaken the bullish outlook.
In this case, downside support levels include:
90.50 – Initial retracement target
89.40 – Deeper support zone
Conclusion
The outlook for AUD/JPY remains bullish while price holds above the key 91.50 support level. A successful bounce from this zone could lead to a retest of higher resistance levels at 94.20 and above. However, a confirmed break below 91.50 would shift sentiment to neutral-to-bearish, potentially triggering further declines toward 90.50 and 89.40. Traders should monitor price behavior at 91.50 for near-term directional cues.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.