AUD/JPY Daily Chart

📈 AUD/JPY Daily Chart

🛠 Tools Used:
🔹 Volume Profile (Visible Range) – to spot high-activity price zones.
🔹 Support & Resistance Lines – key zones at 99.428 🛑 and 86.681 🟢.
🔹 50, 100 & 200-Day SMAs – to track trend direction and dynamic support.

📊 Market Snapshot:
AUD/JPY is currently at 96.364, showing steady bullish momentum 📈 after bouncing from the 50-day SMA.
The Volume Profile reveals a large cluster of trading activity between 95.00 – 97.50, making this the current value area.

⚠️ Key Zones to Watch:

Resistance: 97.50 → 99.428 (Major hurdle 🚧)

Support: 94.50 → 92.00 → 86.681 (Long-term floor)

💡 Trade Idea:
✅ Bullish scenario: Break & close above 97.50 could trigger a rally towards 99.40.
❌ Bearish scenario: Drop below 94.50 could invite sellers back to test 92.00 and possibly 86.68.

📌 Summary:
The bulls are in control, but the real test lies ahead at 99.428 – a zone where sellers historically step in. Watch price action closely near resistance for confirmation before entering a breakout trade.