AUDJPY – Overbought at Major Resistance?Australian Dollar vs Japanese YenTICKMILL:AUDJPYTheSignalystAUDJPY remains overall bullish, but it is now retesting a strong confluence zone where multiple bearish factors align ⚠️ Price is currently testing the intersection of the resistance zone marked in red and the upper bound of its rising channel, creating what I consider a strong overbought area. As long as this intersection holds, we will be looking for shorts 📊 A bearish rejection from this zone could trigger a healthy correction toward the middle or lower bounds of the channel before the next major move develops. Until a confirmed breakout above this resistance cluster occurs, the risk-to-reward favors waiting for bearish setups rather than chasing the rally. 🔍 Will the bears finally force a correction from this overbought zone? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr