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AUDJPY, Time frame: 1DRecent candles show AUD/JPY once again testing the upper resistance of the range before pulling back. The latest rejection suggests sellers remain active near 114.50–115.00, an area that has previously triggered several declines.
Key Point of Control
The 112.52 level (black horizontal line) represents the Point of Control and the highest-volume area on the profile. This level sits at the center of the broader trading range and continues to act as a key equilibrium point between buyers and sellers.
Current price remains above the POC, indicating that the recent recovery is still holding above the market's primary value area.
Volume Profile Highlights a Well-Defined Range
The volume profile shows heavy trading activity between 112.00 and 114.00, reinforcing the range-bound nature of price action over the past several months. The market continues to rotate between the POC and the upper resistance zone.
RSI Shows Momentum Cooling
The RSI is currently around 55, having turned lower after recently approaching the 60 level. Momentum remains slightly positive but has eased following the latest rejection from resistance, suggesting buying pressure has moderated.
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