BUY AUDJPY – 108.436

The AUDJPY has formed a clear upward gap that is now being filled, aligning with a fair‑value gap at the mid‑line of the H4 timeframe. The entry at 108.436 sits above the gap‑fill level and is confirmed by a bullish candle pattern and a 40 % bullish bias on the H4 chart, while the multi‑timeframe view remains neutral, reinforcing the trade’s directional bias. Volume is high, indicating strong participation, and the stop‑loss is placed at the recent structural low of 108.316, providing a tight risk‑reward profile. Fundamentally, the yen is under pressure due to reduced safe‑haven demand and a relatively dovish stance from the Bank of Japan, while the Australian dollar benefits from steady commodity prices and a cautious but not aggressive RBA outlook, creating a risk‑on environment that favours AUDJPY. The trade targets three profit zones at 108.52, 108.592 and 108.736, offering a favorable risk‑reward ratio.