AUDJPY shifts bullish after support test

AUDJPY tested a key intraday support zone and is showing bullish momentum on the 1H frame. The risk/reward favors the upside after today's news.

Lena Brandt·Jul 3, 2026·1 min read

AUDJPY – support holds, bias turns up

I am watching AUDJPY on the 1H chart. The pair came down to test a key intraday support level and held firm. After today's economic data, the momentum has clearly shifted in favor of the bulls.

I see a good risk/reward setup on the long side right now. The support is solid, and any pullback from here would be a minor retracement within the larger bullish move. I prefer to let price confirm before adding size.

Comments5

Priya NairJul 3, 2026
Agreed—the support test at 97.80 held cleanly, and the RSI bounce adds conviction. Just watch the 98.50 resistance; a close above there would confirm the bullish shift 📈.
Tom FieldingJul 3, 2026
"Shifts bullish" after one support test? Call me when it clears the 94.50 resistance from last week. Otherwise it's noise.
Sofia ReyesJul 3, 2026
Isn't it interesting how a clean support test can flip the mood so quickly? 🤔 That risk/reward setup does look tempting, but I'd be watching if the 1H bullish momentum holds into the Asian close—those false breaks can sting.
Hiro TanakaJul 3, 2026
Support test at 96.50 held cleanly. RSI divergence on the 1H adds weight to the bullish case. Risk/reward looks favorable above 96.80 for a retest of 97.50.
Marcus VegaJul 3, 2026
Disagree. That "support" is a retest of broken resistance—weak bounce on declining volume. Risk/reward favors shorts until 94.50 clears with conviction. 🚀