AUD/JPY Intraday Signal: Downside Toward 110.00
Analysis:
AUD/JPY on the 1-hour timeframe is showing signs of exhaustion after the recent recovery stalled near the 111.40 resistance level, where a weak high has formed. This indicates that buyers are struggling to push the market higher and that selling pressure may soon return.
The pair is currently trading around 111.10, sitting in the middle of a short-term range. Despite the recent bounce from the 110.50 demand zone, the overall structure still reflects consolidation following a bearish impulse earlier in the week.
As long as price remains below 111.40, the probability favors another move toward lower liquidity. The nearest downside target sits near 110.50, while a deeper continuation could extend toward the 110.00 psychological support, where stronger demand previously appeared.
Trade Setup:
Enter: Sell below 111.20
Stop-Loss (SL): 111.60
Target A: 110.50
Target B: 110.00
