AUD/JPY – 2H – BUY

The 2H AUD/JPY signal is a confluence of multiple bullish triggers, including a Trendline Break Down, BOP Zero Cross Up, STOCHF KD Cross Up, WILLR OS Exit, SMA 200 Retreat Up, Fibonacci Retreat UpTrend (38%), and bullish candlestick patterns (Hammer, Long Legged Doji). These signals collectively suggest that the recent bearish momentum is losing steam and that a short-term bounce is likely. The price is currently near the lower boundary of a broader range, with nearest support at 112.419 and resistance at 113.606.

However, the higher timeframe trend is predominantly bearish, with the 1H showing a very strong downtrend (4/5) and the 4H still bearish. The 15M is just starting to form a bullish trend, indicating that the bounce may be early. The alignment across timeframes is mixed, so the bullish signal should be viewed as a counter-trend opportunity within a larger downtrend. Traders should watch for a break above 113.606 to confirm further upside, while a move below 112.419 would invalidate the bullish case.