AUD/JPY Price Outlook – Trade SetupAustralian Dollar / Japanese YenFOREXCOM:AUDJPYATFX_Global📊 Technical Structure AUDJPY AUD/JPY is trading in a clear bullish continuation structure, breaking above the 114.00 psychological level and forming higher highs and higher lows. Price has rebounded strongly from the 114.09–114.18 support zone, which aligns with Fibonacci retracement levels (0.382–0.618 area) and previous consolidation. The current move is pushing toward the 114.46–114.55 resistance zone, which also coincides with the 1.618 extension. Momentum remains constructive, though price is approaching resistance, suggesting a buy-on-dip rather than breakout chase approach. Short-term bias: Bullish above 114.09 🎯 Trade Setup (Buy on Dip) Entry Zone: 114.09 – 114.18 Stop Loss: 114.06 Take Profit 1: 114.45 Take Profit 2: 114.55 Extended Target: 114.82 (Fib 2.618) Risk–Reward Ratio: Approx. 1:2.46 📌 Invalidation: A break below 114.06 would invalidate the bullish structure and expose downside toward 113.60. 🌐 Macro Background Fundamentals support AUD/JPY upside, but with some caution: RBA remains hawkish, with markets pricing ~65% chance of another hike Strong Australian yield outlook supports AUD BoJ remains cautious, keeping policy relatively loose However, risk of JPY intervention and geopolitical uncertainty may cap upside Overall, macro bias: Bullish with volatility risk 🔑 Key Technical Levels Resistance Zone: 114.45 – 114.55 Extension Target: 114.82 Support Zone: 114.09 – 114.18 📌 Trade Summary AUD/JPY maintains strong bullish momentum above 114.06. Preferred strategy: Buy dips into support, targeting continuation toward 114.55 and potentially 114.80. ⚠️ 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.