SELL AUDJPY – 108.168

The trade is based on an A‑grade technical setup where the price formed an equal high‑low sweep and filled a recent gap, signalling a sell‑off momentum confirmed across multiple timeframes (H4 showing 16% bearish bias). Volume is elevated, reinforcing the move, while OBV shows a conflicting divergence that adds caution, and the stop is placed at a structural resistance level. On the fundamental side, recent US CPI data came in softer than expected, prompting a risk‑off shift that benefits safe‑haven currencies like the yen and hurts commodity‑linked currencies such as the Australian dollar. Combined with broader market weakness in equities and a dovish outlook for the yen, the confluence supports a short position on AUDJPY with defined targets and a structured stop.