SELL AUDJPY – 107.97

The trade is based on a confluence of technical signals: an Asian‑session false break above the recent high was quickly rejected, followed by a London‑session market‑structure‑swing (MSS) reversal that pushed price back below the breakout level, all occurring on a surge in volume indicating strong participation. On‑balance‑volume shows a conflict with price, suggesting distribution, while higher‑timeframe (H4) analysis confirms a bearish bias with the price sitting near the 17 % retracement zone. The stop‑loss is placed at a structural swing low, respecting market anatomy. Fundamentally, the Reserve Bank of Australia’s minutes hint at a possible 25 bp hike, keeping the AUD under pressure, while the Japanese yen benefits from safe‑haven flows amid global risk aversion. This combination of a high‑quality technical setup and adverse macro backdrop justifies a short position on AUDJPY with a tight risk‑reward profile.