AUD/JPY Intraday Signal: Pullback Toward 109.50
Analysis:
AUD/JPY recently pushed into the 112.00 area where a weak high formed and buyers failed to sustain the breakout. The rejection from this level suggests short-term exhaustion after an extended bullish leg. Price is now rotating lower toward the nearby demand zone, indicating a corrective pullback may develop on the 4H timeframe.
Immediate support lies around 109.50, which aligns with the recent demand block and prior BOS level. A break below this zone could accelerate the decline toward 108.00. However, if price regains strength and closes above 112.00, the bearish correction would be invalidated and the pair could resume its bullish continuation toward 113.00.
Trade Setup:
Enter: Short below 111.80
Stop-Loss (SL): 112.40
Target A: 109.50
Target B: 108.00
