AUD/JPY – 30M – BUY

The AUD/JPY 30-minute chart has fired a cluster of bullish signals, including a Trendline Break Down, Rising Wedge, and multiple moving-average retreats (DEMA, EMA, KAMA, MA) alongside a BOP Zero Cross Up. These signals suggest that the recent bearish momentum is stalling and that buyers are stepping in, potentially reversing the short-term trend. However, the broader context remains bearish across all timeframes, with the 1-hour and 2-hour charts showing solid downtrends. This creates a conflict between the short-term bullish reversal signals and the longer-term bearish trend.

Key levels to watch are the nearest resistance at 113.606 and support at 112.742. A break above resistance would confirm the bullish reversal and could trigger further upside, while a loss of support would invalidate the signal and likely resume the broader downtrend. Given the strong signal strength (83% probability) and the confluence of multiple indicators, traders may look for long opportunities, but should be cautious given the bearish higher timeframes.