AUDJPY
Trade Levels
Trade Analysis
AUDJPY buy targets bullish continuation post-Asian false break that swept liquidity below equal highs. Technicals show strong HTF alignment (bullish daily/weekly structure) with SL placed below key swing low. Fundamentals reinforced by RBAs unexpected 25bp hike - the first in 2 years - contrasting with tempered JPY strength despite Japans PMI rebound (Services 53.7 vs prior 51.6). Risk-on sentiment via NASDAQ/Dax recovery and metals sell-off reversal supports carry trades. Though OBV divergence presents caution, the confluence of institutional orderflow (sweep pattern), hawkish RBA narrative shift, and equity market strength overpower this conflict. Multiple TP levels align with prior resistance zones and measured move projections from consolidation range.
