Buying Opportunity Soon on the AUD/JPY Pair

The AUD/JPY pair is moving in a general upward trend on the daily timeframe.

Currently, on the hourly timeframe, the pair is moving in a narrow sideways range.

This follows some corrections, as shown on the chart.

Expected Scenarios

The expected scenarios so far are bullish.

Scenario 1: An upward move if the price breaks through the resistance levels.

These levels form the upper limit of the current sideways movement.

The expected targets are at 101.50 and 101.80.

Scenario 2: A downward move to the newly formed demand zone.

This zone is located at 100.55, as shown on the chart.

These are currently strong areas, and an upward move is expected from them.

If the price falls to this level and bullish signals appear on the same timeframe.