AUD/JPY – 1H – SELL

A confluence of bearish signals has fired on AUD/JPY at the 1H timeframe, including a Trendline Break Down, Double Top pattern, and Symmetrical Triangle breakdown. Momentum indicators reinforce the sell signal: BOP Zero Cross Down, CCI exiting overbought territory, and RSI entering oversold after a bearish move. The retreat from the lower Bollinger Band and DEMA Retreat Down suggest a failed bounce and resumption of the downtrend. Across lower timeframes, the trend is consistently bearish with solid to very strong trend scores (15m to 1H), while higher timeframes (4H to 8H) are also bearish but trend forming. The daily and 12H timeframes remain bullish, creating a potential conflict. Key resistance sits at 114.340, with immediate support at 113.612. The alignment of multiple patterns and indicators on the 1H and lower timeframes suggests continued downside pressure, but traders should monitor the daily bullish bias for possible reversals.