The AUDJPY illustrates a classic accumulation pattern within a defined horizontal range (support ~91.700 to resistance ~94.000), followed by a breakout setup. Price action shows a ABC corrective structure with clear higher lows (C > A, 2 > C), indicating bullish absorption of supply. The resistance zone, previously tested multiple times (points B and 1), now stands vulnerable as price aggressively approaches it with increasing momentum and reduced pullbacks. Fundamentally, the bullish bias is supported by a weaker Japanese Yen driven by prolonged BoJ dovishness and yield differentials favoring AUD, especially amid RBA’s hawkish tone to contain persistent inflation. If price decisively breaks above the 96 level (point 3), the next leg higher could be triggered, targeting previous swing highs near 98.00. A breakout retest scenario could provide an ideal long entry confirmation.