AUDJPY 4hr Technical and Fundamental OutlookAUD/JPYOANDA:AUDJPYRebornFXTraderAUDJPY 4hr Technical and Fundamental Outlook AUDJPY recently printed a series of lower lows, maintaining a short-term bearish structure until price tapped the minor support at 109.020. From this level, price formed a strong rejection wick and pushed higher, breaking above the previous support at 110.060 — signaling a potential Change of Character (CHOCH) and early signs of bullish momentum shift. Following this shift, price is now approaching the next minor key resistance around 111.500. A successful break and hold above this level could open room for further upside, with potential continuation toward the 113.300 zone. From a fundamental standpoint, the Japanese Yen remains under pressure due to rising oil prices, which negatively impact Japan’s import-heavy economy. In addition, the policy divergence between the Bank of Japan (BOJ) and the Reserve Bank of Australia (RBA) continues to support carry trades, favoring AUD strength over JPY. This environment supports a bullish bias on AUDJPY. However, geopolitical tensions, particularly in the Middle East, continue to create uncertainty in the markets. These conditions can trigger risk-off sentiment, which typically strengthens the yen as a safe-haven currency while weighing on the Australian dollar. 📊 Bearish Scenario to Consider: A break and sustained move below 110.000 could invalidate the bullish shift and expose the next support levels at 108.920, with further downside potential toward the 107.900 zone. 📈 Bullish Scenario to Consider: A strong break and hold above 111.500 may confirm bullish continuation, opening the path toward 113.300 as momentum builds. 📌 Summary: • Bullish above 111.500 → Target: 113.300 • CHOCH above 110.060 signals momentum shift • Bearish below 110.000 → Targets: 108.920 / 107.900 • Fundamentals currently favor JPY weakness but remain headline-sensitive Always let price confirm the narrative. ⚠️ Risk Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Trading Forex and CFDs involves high risk. Always trade responsibly and manage your risk.