AUDJPY — Bullish Fibonacci Retracement Setup Within ChannelAUD/JPYOANDA:AUDJPYCandle_Man_MontAUDJPY continues to trade within a clean ascending structure, respecting the trendline and Fibonacci confluence zone between 100.50 – 100.10. After rejecting the 0.618 retracement level (100.09), price shows early signs of continuation toward the 101.20 resistance zone. Key Technical Structure: Resistance: 101.20 (swing high) Support: 100.50 – 100.10 (Fib zone + trendline confluence) Major Support: 99.40 (previous swing low) Extension Target: 101.50 – 102.00 (projected bullish wave target) Trade Outlook: The bias remains bullish as long as price holds above 100.10, with the Fib retracement aligning with the dynamic ascending support. A strong bounce from the 0.5 – 0.618 zone could trigger a new wave toward 101.20+. However, a break below 99.80 would invalidate the bullish structure and shift momentum toward 98.90 (1.272 Fib extension). Bias: Bullish structure intact — watching for a retracement into support for long continuation setups.