AUDJPY Sell Setup – Rejection at Key Resistance

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AUDJPY Sell Setup – Rejection at Key ResistanceAUD/JPYOANDA:AUDJPYus30tradelabAUDJPY has pushed into a strong resistance zone after a sustained bullish move, showing signs of exhaustion near recent highs. Price is currently reacting at this level, forming a potential lower high within the short-term structure. This area has previously acted as resistance, making it a key zone to watch for a potential reversal. If price continues to reject this level, we could see a pullback toward lower support zones. 📊 Key Levels: • Resistance: 113.90 – 114.50 • Current Zone: Rejection area • Downside Targets: 112.50 → 110.00 📉 Bias: Bearish while price remains below resistance. ⚠️ Watching for confirmation (rejection candles / break of structure) before continuation.