AUD/JPY Price Outlook – Trade SetupAustralian Dollar / Japanese YenFOREXCOM:AUDJPYATFX_Global📊 Technical Structure AUDJPY AUD/JPY is currently consolidating near recent highs after a strong impulsive rally. Price has pulled back into the 105.18–105.37 support zone, where buying interest has emerged and downside momentum has clearly slowed. The broader market structure remains bullish. As long as price holds above the support zone, AUD/JPY is likely to form a higher low and resume its upward move. The projected path suggests a brief consolidation or shallow retracement, followed by a continuation toward the 105.75–105.93 resistance zone, rather than a deeper corrective breakdown. 🎯 Trade Setup (Bullish Bias) Entry Zone: 105.15 – 105.37 Stop Loss: 105.15 Take Profit 1: 105.75 Take Profit 2: 105.93 Risk–Reward Ratio: Approx. 1 : 2.6 📌 Invalidation: A sustained break and close below 105.15 would invalidate the bullish setup and signal a deeper correction risk. 🌐 Macro Background The macro backdrop continues to favor AUD/JPY on a relative basis. Persistent uncertainty surrounding the Bank of Japan’s policy normalization keeps the Japanese Yen structurally weak, while expectations of a relatively hawkish Reserve Bank of Australia continue to support the Australian Dollar. In the near term, markets remain sensitive to global risk sentiment and upcoming U.S. macro data. However, as long as risk appetite does not deteriorate sharply, yield differentials and policy divergence should continue to underpin AUD/JPY, favoring buy-on-dips opportunities near key technical support. 🔑 Key Technical Levels Resistance Zone: 105.75 – 105.93 Support Zone: 105.15 – 105.37 Bullish Invalidation: Below 105.15 📌 Trade Summary AUD/JPY is holding above a critical support zone following a corrective pullback from recent highs. As long as price remains supported above 105.15, the bias favours a buy-on-dips approach, targeting a continuation toward the upper resistance band near 105.90. ⚠️ Disclaimer This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.