AUDJPY is still moving inside a clear ascending channel, and the broader bullish structure remains intact. The latest push higher has been strong, but price is now trading well above the recent support area, so a short-term pullback would be natural.
The key zone to watch is around 113.750, where previous resistance and the rising trendline come together. If buyers defend this area, the pullback could simply reset momentum before another move higher.
As long as price stays above this support zone, the bullish structure remains valid. A clear break below it would suggest that the correction may extend further.
This is only my personal market view, not financial advice.
The key zone to watch is around 113.750, where previous resistance and the rising trendline come together. If buyers defend this area, the pullback could simply reset momentum before another move higher.
As long as price stays above this support zone, the bullish structure remains valid. A clear break below it would suggest that the correction may extend further.
This is only my personal market view, not financial advice.
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