AUD/JPY is maintaining a well-structured higher high and higher low sequence on the 4H timeframe, supported by a rising trendline from February’s swing low. Price has been consolidating just below the 111.400 resistance level, forming compression under resistance — a typical continuation structure.

Price holding above the ascending trendline (dynamic support).
Short-term moving averages (9/15) stacked above medium-term (50), indicating bullish momentum alignment.
100 MA remains below price, confirming broader bullish structure.
RSI holding above 50 zone, showing momentum strength without overextension.
Horizontal demand zone around 111.00 acting as prior breakout base.
A clean 4H close above 111.400 would confirm resistance acceptance and likely trigger continuation toward TP1 (112.350), followed by TP2 (112.770).
Alternatively, if price pulls back into the 111.00 zone and prints a strong bullish reaction, rebound entries remain valid under continuation logic.
Possible stop loss can be placed below the most recent swing low on H4, preserving structural validity of the bullish trend.
Overall structure: Bullish continuation inside ascending structure with breakout compression.