AUD/JPY – 30M – BUY

The AUD/JPY 30-minute chart has fired a confluence of bullish signals, suggesting a potential reversal from the prevailing bearish trend. The Trendline Retreat Up and Support Level Retreat Up indicate price has bounced off a key support area, while the Fibonacci Retreat Up (79%) adds a precise retracement level for the move. The Long Legged Doji candlestick pattern signals indecision and potential reversal, reinforced by the BOP Zero Cross Up (buying pressure returning). However, the AROON Cross Down and AROONOSC Zero Cross Down are bearish momentum signals, creating a conflict that suggests the bullish move may be counter-trend within a larger bearish structure. The overall trend across timeframes is predominantly bearish, with the 30m and 1h showing strong bearish trends. The 1d timeframe is bullish but choppy, offering some higher-timeframe support for a bounce. Key levels to watch: nearest resistance at 114.33100 and support at 113.42400. A break above resistance could confirm the reversal, while failure to hold support would invalidate the bullish signals.