AUD/JPY – 30M – BUY

The AUD/JPY 30-minute chart has fired a dense cluster of bullish signals, including a Trendline Break Up, Trendline Retreat Up, Double Bottom, Triple Bottom, Ascending Triangle, BOP Zero Cross Up, STOCHF KD Cross Up, and WILLR OB Entry, among 12 additional signals. This confluence indicates strong buying pressure on the short-term timeframe, with the price breaking above a descending trendline and forming a base near the support zone. The alignment of multiple pattern and indicator signals suggests a high-probability continuation higher in the near term.

However, the higher timeframes paint a conflicting picture: the 4H, 8H, 12H, and 1D charts are all bearish with solid trend scores (3/5), while the 15M and 2H show only nascent bullish trends. This divergence means the bullish move on the 30M is likely a counter-trend bounce within a larger downtrend. The nearest resistance at 112.980 is a critical hurdle; a break above could extend the rally, but failure to hold above this level would invalidate the bullish thesis. Conversely, the nearest support at 110.967 is the key level to watch—if price breaks below it, the bullish signals would be negated and the downtrend would resume.