AUDJPY: Bearish Drop to 108.00?Australian Dollar vs. Japanese YenFX:AUDJPYMaster_HunterAUDJPY is eyeing a bearish reversal on the 4-hour chart, with price approaching a key resistance zone near the 0.786 Fibonacci level after the recent recovery, converging with a potential entry area that could trigger further downside momentum if sellers defend amid volatility. This setup suggests a solid pullback opportunity toward the lower support zone with more than 1:3 risk-reward.🔥 Entry between 113.29–113.96 (entry from current price with proper risk management is recommended). Target at 108.00. Set a stop loss at a daily close above 114.70, yielding a risk-reward ratio of more than 1:3. Monitor for confirmation via a bearish candle close below entry with rising volume, leveraging the pair’s weakness near resistance.🌟 Fundamentally, AUDJPY is trading around 111.40 in early August 2026. For the Australian Dollar, one of the most important releases this week (6–9 August) is the Australia Trade Balance, which provides insight into export strength and overall trade performance. For the Japanese Yen, a key event is the Japan Household Spending data, which offers important clues about domestic demand and economic momentum. 💡 📝 Trade Setup 🎯 Entry (Short): 113.29 – 113.96 (Entry from current price is acceptable with proper position sizing and disciplined risk management.) 🎯 Target: 108.00 ❌ Stop Loss: • Daily candle close above 114.70 📈 Risk-to-Reward: More than 1:3 💡 Will sellers defend the 113.29–113.96 resistance zone and drive AUDJPY toward 108.00, or will buyers reclaim 114.70 and invalidate the bearish setup? 👇