AUDJPY Rejects Resistance – Bearish Momentum May ResumeAUD/JPYOANDA:AUDJPYSignalSage_BenHey Traders, AUDJPY has recently reversed from the key resistance zone near 94.60, showing signs of short-term weakness. Price action has broken below the previous structure and is now attempting a retest of the 93.80 area, which could act as fresh resistance and trigger the next bearish leg. Current Market Conditions: The pair rejected a major resistance zone (94.60) after forming a swing high and printing consecutive bearish candles. Currently retesting the broken support-now-turned-resistance at around 93.80. A confirmed rejection here may accelerate the move toward the next support around 93.05, and further down to 92.30. Fundamental Analysis/Outlook: AUD is under pressure following weaker-than-expected Chinese data, Australia’s largest trading partner, raising concerns about reduced demand for Australian exports. Meanwhile, the JPY is seeing slight safe-haven bids as global equities show mixed sentiment ahead of the U.S. CPI and FOMC decision. This macro setup favors a bearish bias on AUDJPY as risk appetite cools and the yen regains some strength. Targets: TP1: 93.05 TP2: 92.30 TP3 (extended): 91.80 if downside momentum intensifies Risk Management: Stop-Loss: Above 94.20 to protect against bullish breakout Confirm rejection at 93.80 before committing to position sizing Risk no more than 1-2% per trade; stick to your plan. Technical Outlook: Strong bearish rejection from resistance Retest of key level aligns with structure-based entries Downward price channel may be forming if support breaks Conclusion: AUDJPY appears ready for further downside if 93.80 holds as resistance. Watch for more bearish confirmation before entry—this setup offers solid R:R potential for both day and swing traders. Sign-off: "Patience in trading is not waiting without action, but waiting with purpose." I would love to hear your thoughts in the comment section, and please hit boost and follow for more ideas. Thank you, and profitable trading to you all!