AUDJPY – 4H | Corrective Structure at ResistanceAUD/JPYOANDA:AUDJPYDjTheHumbleTraderAUDJPY remains in a higher-timeframe bullish trend, but price is currently trading within a descending corrective channel after the previous impulsive move up. Price has now retested channel resistance, which aligns with a key supply zone around 110.80 – 111.00. This area has previously caused strong rejections, making it a valid zone for short-term bearish reactions. A harmonic corrective structure has completed into this resistance, increasing the probability of a pullback toward lower demand. Key Levels Resistance / Supply: 110.80 – 111.00 First Demand: 108.80 Deeper Demand: 107.80 – 107.00 Scenarios Bearish continuation: Rejection from resistance could drive price toward 108.80, with extension into 107.80 if momentum builds. Bullish continuation: A strong 4H close above 111.00 would invalidate the short bias and signal continuation toward new highs. Bias Short-term: Bearish (corrective)