AUDJPY Daily Analysis 29th May 2026 — SSL Swept at 113.275. Bulls Back in the Driver Seat.
AUDJPY Daily Analysis 29th May 2026: the Aussie-yen had a clean week. Monday broke structure to the upside. Tuesday extended. Wednesday gave it back. Thursday swept the SSL at 113.275 — the week’s low, below Monday’s starting point — then recovered to close 114.066. Friday surged to 114.583 on the PCE print, closing at 114.486. The AUDJPY SSL sweep 113.275 Thursday bullish recovery Friday sequence is clean ICT weekly structure. Weekly BOS followed by sweep-and-recover. Next target: 114.718, the prior weekly high from three weeks ago.
The AUDJPY has a notable characteristic: it moves with both AUD sentiment and yen risk appetite. When the USD sells off (as it did on PCE Friday), AUD strengthens AND JPY weakens — producing outsized moves on the cross. That is exactly what happened Friday. It is also why you do not need to pick USD direction to trade AUDJPY correctly; you just need to know where the liquidity pools are.
Weekly Structure — Accumulation and BOS
| Week | Open | High | Low | Close | Bias |
|---|---|---|---|---|---|
| 11–15 May | 113.095 | 114.740 | 113.070 | 113.492 | Range — failed at HOH |
| 18–22 May | 113.500 | 113.982 | 112.638 | 113.482 | Bearish — SSL sweep |
| 25–29 May | 113.673 | 114.583 | 113.275 | 114.476 | Bullish BOS — SSL swept |
The current week is a clear reversal candle versus the prior two weeks of bearish structure. Low at 113.275 swept, close at 114.476 above any prior week’s close. AUD JPY ICT bullish OB 113.275 demand 29 May is the key support level for next week’s structure.
Daily Price Action — A Textbook Weekly PO3
| Date | Open | High | Low | Close | Pattern |
|---|---|---|---|---|---|
| Mon 25 May | 113.673 | 114.124 | 113.644 | 114.039 | Bull BOS day |
| Tue 26 May | 113.965 | 114.284 | 113.782 | 114.179 | Continuation |
| Wed 27 May | 114.213 | 114.355 | 113.588 | 113.922 | Distribution pullback |
| Thu 28 May | 113.903 | 114.117 | 113.275 | 114.066 | SSL sweep — PO3 reversal |
| Fri 29 May | 114.066 | 114.583 | 113.886 | 114.486 | PCE surge — bull confirmation |
Thursday’s sweep to 113.275 (below Monday’s low 113.644) followed by recovery and Friday surge is the textbook PO3: Power of Three — accumulation, distribution (Wednesday pullback), then the manipulative sweep before the bullish run. AUDJPY price forecast 114.583 weekly high Friday was reached precisely.
ICT/SMC Framework — Clean Bull Setup
- Daily Bias — Bullish — weekly BOS confirmed, SSL swept 113.275
- Bullish OB zone — 113.275–113.482 — Thursday sweep candle + prior week close
- Current level — 114.486 — near weekly HOH 114.583
- Target 1 — 114.583 — this weeks HOH / immediate BSL (already tagged Friday)
- Target 2 — 114.718 — prior weekly high unswept from 3 weeks ago
- Target 3 — 114.740 — weekly BSL confluence
- Stop — 113.250 — below Thursday SSL sweep
- Bull invalidation — Daily close below 113.482
Intraday Trade Setup
| Setup | Entry Zone | Target 1 | Target 2 | Stop | R:R |
|---|---|---|---|---|---|
| OB retest long (primary) | 113.275–113.482 | 114.583 | 114.718 | 113.250 | 1:5.2 |
| Current level continuation | 114.200–114.350 | 114.583 | 114.718 | 113.800 | 1:1.9 |
(The primary OB entry at 113.275–113.482 is far below current levels — it requires a significant Monday pullback. The continuation entry at 114.200–114.350 is lower R:R but more realistic if Monday opens with Asia bid. Pick one and stick to it.)
Session Breakdown
Asian session: AUDJPY is the most active cross during Asian hours. AUD and JPY both trade with volume in Asia. Watch for any Asian dip toward 114.200 — that would be a realistic entry at modest R:R. A push above 114.583 in Asia opens the 114.718 target.
London session (07:00–09:00 GMT): London adds JPY cross volatility. Any London dip toward 114.000–114.200 is the entry window if Asia does not deliver it. Entry trigger: 15-minute engulf off the 114.200 level. Stop 113.800, target 114.718.
NY session (13:00–15:00 GMT): PCE drove the Friday NY move. Monday NY session is calmer. If a position is running, target 114.718 is the exit zone. Take full exit there — the next leg to 114.740 is a few pips, not worth the risk.
Economic Events
| Time (GMT) | Event | Result / Consensus | Impact |
|---|---|---|---|
| 13:30 (Fri) | US Core PCE m/m | Soft | AUD bid + JPY weakened — AUDJPY surged +52 pips |
| All week | BOJ watch | — | JPY ceiling risk — reduces above 115.000 |
| Mon next week | No tier-1 AUD/JPY data | — | Technical setup dominant |
AUDJPY weekly bullish structure 29 May 2026: the weekly BOS is confirmed. The SSL sweep provided the launchpad. The PCE provided the fuel. Monday opens with the bull case structurally intact. R:R from the deep OB entry is 5.2:1 — worth the patience if price offers it.
Honest Risk Assessment
The bull case is the cleanest of this pair in weeks. The OB at 113.275–113.482 is the hard stop zone — a daily close below it suggests the Thursday sweep was a trap rather than a reversal. That said, current price at 114.486 is 121 pips above the OB. Chasing at open is not a strategy.
BOJ remains the structural ceiling on all JPY crosses. Half-size above 115.000 if we get there. For now, the setup between OB and 114.718 has a clean 3–5:1 R:R depending on entry.
We are back Monday. The OB is marked. If it triggers, we take the trade. If it does not, the tape did not invite us — and we do not force entries we were not given.
