AUDJPY — Buy the Retest? 🟦➡️📈

[theSignalyst]

AUDJPY remains overall bullish inside a rising channel. Price is hovering above a 96.0–96.5 support zone, which previously acted as resistance and now aligns with the channel’s lower boundary — a solid confluence area.

Key levels

Support: 96.0–96.5 (zone to watch for bullish rejection)

Resistance: 98.5 then 100.0 (round number / channel upper band)

Scenarios

Bullish : If price retests 96.0–96.5 and prints confirmation (higher low / bullish candle), I’ll look for longs toward 98.5 → 100.0.

Bearish : A daily close below 96.0 would invalidate the setup and open room toward the next liquidity pocket near the channel low.

What’s your plan here — wait for the retest into 96s, or trade the continuation if momentum kicks in first?

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr.