AUD/JPY Intraday Signal: Bearish Toward 109.20
AUD/JPY is trading beneath a weak high formed near 111.20, where upside momentum stalled and price failed to sustain a breakout. Despite the broader bullish structure, recent rejection near resistance suggests a corrective pullback may develop. As long as price remains capped below 111.20, short-term downside pressure remains favored.
The nearest demand lies around 109.20, aligned with prior BOS and liquidity imbalance. A break below this zone would expose further downside toward 108.00. Only a sustained move above 111.20 would invalidate the bearish correction and reopen upside potential toward 112.00.
Trade Setup:
Enter: Short below 111.20
Stop-Loss (SL): 111.70
Target A: 109.20
Target B: 108.00
