AUD/JPY: Fading the Rally at a Major Resistance ZoneAustralian Dollar / Japanese YenCMCMARKETS:AUDJPYMaxellAguiranWhile AUD/JPY has been in a clear uptrend, the rally is now approaching a significant technical ceiling where sellers have previously stepped in. We see a compelling opportunity for a counter-trend short, betting that this resistance level will hold and that the current bullish momentum is showing signs of exhaustion. This trade is for those watching for a market turn, offering a well-defined risk-to-reward setup for a swing position. 🤔 The "Why" Behind the Short Setup 📰 The Fundamental Risk The Australian Dollar is a "risk-on" currency, meaning it performs well when global markets are optimistic. The Japanese Yen, however, is a classic "safe-haven" asset that strengthens during times of uncertainty. With the upcoming high-impact Australian CPI data, any sign of economic weakness could disappoint the market, increase pressure on the RBA, and trigger a "risk-off" move that would benefit the Yen and send AUD/JPY lower. 📊 The Technical Ceiling The chart tells a clear story. The price is currently testing a major resistance zone. Attempting to short near a strong ceiling like this provides a strategic entry to capture a potential trend reversal. We are essentially betting that the trend's multi-week momentum will stall and reverse from this key technical juncture. ✅ The High-Clarity SHORT Trade Setup 📉 Pair: AUD/JPY 👉 Direction: Short ⛔️ Entry: 96.716 🎯 Take Profit: 92.080 🛑 Stop Loss: 98.907 Rationale: This setup plays for a significant swing move. The wide stop loss is designed to withstand volatility from news events, while the deep take profit targets a full reversal back to major support levels seen earlier in the year.