AUD/JPY Intraday Signal: Bearish Pressure Below 101.11
AUD/JPY remains under strong bearish pressure while trading below the pivot resistance at 101.11. Sellers dominate the intraday outlook, targeting downside levels at 100.00 and 99.52 in extension. The pair is struggling to regain momentum above resistance, confirming a continuation of the short-term bearish structure.
Momentum indicators reinforce this view — the RSI remains below 50, signaling sustained selling pressure, while the MACD is below its signal line and gradually approaching the zero level, suggesting room for further downside. Moreover, price action trades below both the 20- and 50-period moving averages (100.73 and 100.64), and even below its lower Bollinger Band (100.61), highlighting oversold yet persistent bearish momentum.
As long as the pair remains capped under 101.11, the bearish bias prevails. A recovery above this level would invalidate the setup and open the way toward 101.68 and 102.02.
Trade Setup:
Enter: Short below 101.11
Stop-Loss (SL): 101.68
Target A: 100.00
Target B: 99.52
