AUDJPY Daily Analysis 29th May 2026 — Range Upper Half, BSL in Sight
AUDJPY Daily Analysis 29th May 2026: Thursday swept the weekly SSL at 113.275, closed 114.066, and the pair now sits in the upper half of the weekly range. The SSL sweep was clean. The recovery was decisive. Weekly close above 113.800 = neutral to cautious bullish heading into next week.
Thursday SSL Sweep — The Weekly Low Is In
The AUDJPY SSL sweep 113.275 recovery Friday 29 May 2026: the weeks low printed 113.275, swept the sell-side liquidity below the weekly opening, then price recovered strongly to close 114.066 — a 791-pip swing from low to close. That is institutional buying after the stop hunt, not retail panic.
- Daily Bias — Neutral/Cautious Bullish — SSL swept, recovery confirmed
- Today open — 114.034 — upper half of weekly range
- Weekly range — 113.275 SSL swept — 114.355 BSL
- Target 1 — 114.355 — range top BSL
- Target 2 — 114.718 — prior week HOH BSL
- BOJ risk — USDJPY above 159.600 = intervention risk = JPY spike
- OB support — 113.500–113.800 — demand zone
- Stop — 113.100 — below the SSL sweep
ICT/SMC Framework
The weekly structure has been ranging between 113.275 and 114.355 for the past week. Thursdays SSL sweep below 113.275 is the classic liquidity grab before expansion. The close back inside the range at 114.066 = accumulation complete.
The AUDJPY ICT range 113.275 to 114.355 29 May 2026: the range BSL at 114.355 is the immediate target. A daily close above 114.355 opens the 114.718 BSL — the prior weeks HOH liquidity pool. That is the measured move target from this weeks accumulation pattern.
The 4H chart: recovery from 113.275 is a clean 4H bullish engulf on Thursday. Today holds the Thursday close as support. Buyers stacked at 114.000.
| Level | Zone | Note |
|---|---|---|
| 114.718 | BSL target | Prior week HOH — primary target |
| 114.355 | Range BSL | Range top — immediate resistance |
| 114.066 | Thursdays close | Support floor today |
| 114.034 | Today open | Holding above Thursday close |
| 113.800 | OB upper edge | 4H demand zone |
| 113.500 | OB base | Demand zone lower edge |
| 113.275 | SSL swept | Weeks low — stop level |
BOJ and the JPY Overlay
The Aussie yen BSL 114.718 weekly close watch 29 May 2026: the chart supports a move to 114.718. The JPY risk does not. USDJPY at 159.300 is within striking distance of the 159.847 BSL. If the BOJ intervenes — verbally or with actual selling — yen spikes across the board and AUDJPY loses 200–300 pips in minutes.
The structural case is bullish. The macro risk is real. Size smaller on JPY crosses until USDJPY resolves the 159.600 intervention zone one way or the other.
- 13:30 GMT — US Core PCE — soft = USD weak = mixed for AUDJPY
- BOJ risk — Verbal intervention on USDJPY above 159.600 crushes all JPY longs
- Weekly close target — Above 114.066 = bullish structure confirmed for next week
The Trade Plan
Cautious long bias. The SSL sweep confirmed demand at 113.275. Weekly close in the upper range = bullish continuation next week.
The AUD JPY price forecast 29 May 2026: target 114.355 then 114.718, stop 113.100. Position size appropriately for BOJ risk. This is a half-size long with a mental stop on any BOJ headline — not a full-risk trade.
The tape says buy. The central bank calendar says be careful. Hold both thoughts at the same time. That is AUDJPY trading in 2026.
