AUD/JPY – 1H – BUY

The 1H AUD/JPY chart has fired a dense cluster of bullish signals, including a Trendline Retreat Up, CCI OS Exit, STOCH KD Cross Up, BBANDS LOWER Retreat Up, and HMA Retreat Up, alongside multiple momentum and trend indicators. This suggests a short-term oversold bounce is unfolding within a broader bearish context. The confluence of these signals points to a potential retracement toward the nearest resistance at 111.498, with the nearest support at 110.269 acting as the immediate floor.

However, the higher timeframe trend is firmly bearish, with the 4H showing an extremely strong downtrend (5/5) and the 8H very strong (4/5). The 1H itself is still bearish but only trend forming (2/5), indicating the bullish signals are counter-trend. The 15M is bullish and solid (3/5), suggesting short-term momentum is turning up, but this is likely a corrective move within the larger downtrend. Traders should watch whether price can reclaim the 1H resistance level; a failure to do so would reinforce the bearish bias.