AUD/JPY 1D possible scenario

105
Technical Analysis 1D

The pair is testing a long-term downtrend resistance. A breakout could signal further upside.

Key Levels:
Support: 95.52
Resistance: 98.49 | 102.62 | 109.40

Fundamental Factors:

Australian Dollar Strength: Driven by commodity demand and potential RBA rate decisions.
Japanese Yen Weakness: BoJ’s ultra-loose policy keeps the yen under pressure.
Risk Sentiment: AUD/JPY correlates with market risk appetite; stronger equities could support upside.

A breakout above 95.52 may open the path toward 98.49.

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