AUD/JPY – 1H – BUY

The 1H AUD/JPY chart has fired a cluster of bullish signals despite the broader bearish trend across higher timeframes. The combination of a Trendline Break Down, Double Bottom, Descending Triangle, and multiple oscillator exits from oversold territory (BOP Zero Cross Up, CCI OS Exit, RSI OS Exit, STOCHF KD Cross Up, WILLR OS Exit) points to a potential short-term reversal or a corrective bounce within the larger downtrend. The pattern and indicator confluence suggests buying pressure is emerging at a key level, with the immediate upside target at nearest resistance 112.78300.

However, this potential bullish move is counter to the bearish alignment on timeframes from 15m up to 8h, with solid to very strong trend scores. The 1D trend is choppy, which may introduce noise. The bullish signals are therefore best viewed as a counter-trend opportunity rather than a shift in the overarching trend. Key levels to watch include the resistance at 112.78300; a decisive break above could signal further upside, whereas a failure to hold the current rebound would invalidate the bullish case.