Pending Sell Opportunity on the AUD/JPY Pair

The AUD/JPY pair is exhibiting significant sideways movement on the daily timeframe; however, recent price action shows a bearish bias.

Current movements indicate distribution and strong selling pressure, making it preferable to focus on selling opportunities during any upward rallies.

Expected Targets

Should the price retest demand zones near the 111.80 level, a resumption of the downtrend is anticipated, targeting the 111.00 and 109.80 levels, respectively.

This analysis—and the expected bearish scenario—would be invalidated if the price breaks above the supply zones and closes there on a daily candle.