AUDJPY Trend Change?

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AUDJPY Trend Change?AUD/JPYOANDA:AUDJPYSiddharth_JoshiTrend Structure Price has been in an uptrend since the bounce near 94.40–94.60 (support zone). A rising trendline (higher lows) is supporting the move upward. Key Levels Support zones: Around 95.50–95.60 (marked green) → previously acted as resistance, now flipped to support. Lower support around **94.40–94.60** (stronger demand zone). Resistance zone: 96.20–96.30 (marked red) → multiple rejections in the past, strong supply area. Current Price Action Price is pressing against 96.10–96.20 resistance, but momentum seems to be slowing down. Candles show wicks and hesitation near resistance, suggesting selling pressure. If resistance holds, a pullback toward the trendline (around 95.70–95.80) is likely. A deeper correction could test **95.50 (support). Possible Scenarios Bullish case: If price breaks and closes above 96.30, upside continuation is possible, next target could be 96.70–97.00. Bearish case: If rejection holds, expect a pullback to 95.70 first, then possibly 95.50 or even the stronger demand near 94.50 Trading Outlook Short-term: Market is overextended into resistance → possible short-term pullback. Medium-term: Trend still bullish above 95.50, unless the trendline breaks.