BUY AUDJPY – 108.794

The trade combines technical breakout signals (FVG midline target & gap fill pattern) with fundamental JPY depreciation catalysts. Technically, the setup shows confluence from the H4 bullish bias and price action patterns suggesting continuation, though partially offset by MTF neutrality and OBV divergence indicating weakening momentum. Fundamentally, JPY faces election-related uncertainty with PM Takaichi expected to win but potentially expanding fiscal policy (bearish JPY), while AUD benefits slightly from RBAs recent hold amid high volatility. The trade leverages institutional JPY selling flows evident in EURJPY strength and prediction markets pricing political continuity. Tight SL at structural support mitigates risk from the OBV conflict and neutral MTF signals.