AUD/JPY – 30M – BUY

The AUD/JPY 30-minute chart has fired a dense cluster of bullish signals despite the broader bearish trend across most timeframes. The signal set includes a Trendline Retreat Up, EMA 50 Retreat Up, KAMA Retreat Up, and a BOP Zero Cross Up, alongside a STOCHF KD Cross Up. These indicators suggest that price is bouncing off a rising trendline and that momentum is shifting to the upside in the short term. The AROON Cross Down and AROON Strong Downtrend may appear contradictory, but in this context they likely reflect a prior downtrend that is now losing steam, with the AROONOSC Zero Cross Down confirming that the downtrend is fading.

Across timeframes, the 2-hour and 4-hour charts are bullish, though choppy, while the 8-hour, 12-hour, and daily charts remain in solid downtrends. This creates a mixed picture: the immediate momentum is bullish, but the higher timeframes are still bearish, suggesting this may be a counter-trend rally rather than a full reversal. Key levels to watch are the nearest resistance at 112.44700 and support at 112.06700. A break above resistance could signal further upside, while a move below support would invalidate the bullish setup.