AUDJPY - Can Resistance Slow the Bullish Trend?

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AUDJPY - Can Resistance Slow the Bullish Trend?AUD/JPYOANDA:AUDJPYRayannsrAUDJPY remains overall bullish, continuing to trade inside the red ascending channel that has guided the broader trend. Following the recent rejection from the lower boundary of the channel, buyers regained control and pushed price higher into an important resistance area that has generated multiple rejections in recent months. ⭕While price remains within this resistance zone, we can start looking for short-term sell setups on lower timeframes, anticipating a corrective move toward the lower boundary of the ascending channel. ⭕However, if buyers manage to break above the current resistance area, the focus shifts toward the upper boundary of the ascending channel, where the broader bullish trend may continue. The reaction around the current resistance may reveal whether sellers can trigger another short-term correction, or if buyers have enough momentum to extend the broader uptrend. ⚠️Disclaimer: This analysis reflects my personal market view and is not financial advice. Rayan Nasser #AUDJPY #AUD #JPY #Forex #TechnicalAnalysis #PriceAction #Trading #MarketStructure