AUD/JPY Intraday Signal: Bearish Toward 102.20
Analysis:
AUD/JPY is trading below a key supply zone near 103.50–104.00, where price previously formed a weak high and faced strong rejection. The recent CHoCH followed by loss of bullish momentum suggests that buyers are losing control, favoring a corrective bearish move within the broader structure.
As long as price remains capped below 103.50, downside pressure is expected to persist toward the 102.20 support zone. A deeper pullback could extend toward 101.80 if selling momentum accelerates. Only a sustained break above 103.50 would weaken the bearish bias and reopen upside potential toward 104.20 and 104.60.
Trade Setup:
Enter: Short below 103.50
Stop-Loss (SL): 104.00
Target A: 102.20
Target B: 101.80