SELL AUDJPY – 107.539

The trade executes a sell on AUDJPY using an ICT-based price action strategy, specifically targeting a Fair Value Gap (FVG) midline. Technical confluence is strong, with multiple timeframes aligned bearishly and the stop loss placed above a clear structural resistance level. Fundamentally, the sentiment is risk-off: escalating Iran tensions have spiked oil and safe-haven assets (gold, JPY), while European indices (DAX, Euro StOXX) are slumping. Concurrently, the USD is weak due to political pressure on the Fed, generally supporting JPY crosses. Although AUD can be supported by rising commodity prices (copper), the prevailing flight to safety and the bearish technical setup override, targeting a move into the FVG. Extreme volatility increases risk but also potential reward.