Price is monitored on the 1-hour timeframe, with confirmation expected either on a sustained candle close above the 109.70 level or on a controlled rebound from the 109.19 support zone. Both scenarios indicate acceptance above key structure within the broader ascending channel.
AUD/JPY is currently trading within a well-defined ascending channel, maintaining higher-low formation and overall constructive structure. Price has recently corrected from the upper boundary and is stabilizing near trend support while interacting with dynamic moving averages.

Historically, around 70% of the time, when price respects channel support and reclaims short-term structure through either a confirmed close above resistance or a rebound from support, the market tends to continue in the bullish direction toward higher price zones.

Momentum indicators are recovering from lower levels, suggesting improving participation rather than exhaustion. If price maintains acceptance above the highlighted structure, a continuation toward upper channel targets may gradually develop.

From a risk perspective, a possible stop reference may be considered below the most recent swing low on the 1-hour timeframe, allowing room for normal volatility while remaining aligned with the broader structure.

Short-term pullbacks remain possible; however, the broader structure currently favors a bullish continuation scenario based on historical behavior and technical alignment.