AUDJPY 4H: Intervention Risk Meets Key Support!Australian Dollar vs Japanese YenCFI:AUDJPYCFIDowntrend Structure Remains Intact AUDJPY continues to trade within a descending channel, with lower highs and lower lows defining price action since early June. Recent recovery attempts have repeatedly stalled below the channel resistance, leaving the broader bearish structure intact. 112.990 Level Remains the Key Pivot The 112.990 level continues to stand out as a major structural pivot. The Volume Profile shows this area coinciding with a significant high-volume node, highlighting it as a zone where substantial trading activity previously took place. As long as price remains below this level, the near-term outlook is likely to stay tilted to the downside. Price Tests the Lower Boundary of the Channel The pair is currently trading around 111.60, following a failed recovery attempt toward the midpoint of the channel. Recent candlesticks indicate renewed selling pressure, pushing price back toward the lower boundary of the descending structure. Volume Profile Highlights Overhead Resistance The highest trading volume is concentrated between 112.50 and 113.50, with the Point of Control (POC) located near 112.990. This suggests that any recovery attempt is likely to encounter strong resistance within this zone unless buying momentum strengthens significantly. RSI Signals Weak Momentum The RSI has retreated to around 40, indicating that momentum remains on the bearish side of neutral. Although conditions are not yet oversold, the indicator suggests there is still room for further downside if sellers maintain control. Fundamental Context: Intervention Risk Remains Elevated A key consideration for AUDJPY is the ongoing sensitivity surrounding Yen weakness. Market participants remain alert to the possibility of Japanese authorities intervening in the currency market should the Yen experience excessive depreciation. While policymakers have avoided specifying any particular intervention level, the risk of unexpected action continues to be an important factor influencing market sentiment.