AUD/JPY 1H Bearish Reversal SetupAnalysis:

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AUD/JPY 1H Bearish Reversal Setup Analysis:AUD/JPYOANDA:AUDJPYDOCTOR_PIPS05The chart shows a clear ascending channel that has now been broken to the downside, signaling a bearish breakout. Price recently tested the upper boundary near 97.00 and faced rejection. The break below the channel support and the projection with a blue arrow suggest a trend reversal. Multiple support levels are marked, indicating potential take-profit zones. Key Levels: Resistance: 97.00 Immediate Support: 95.50 Target 1 (TP1): 95.00 Target 2 (TP2): 94.50 – 94.48 Bias: Bearish Confirmation: Watch for a clean break below 95.50 to confirm further downside momentum.