AUD/JPY - Peak Volume At Major Resistance Zone

Neutral
-Trapped Between 2 Monthly Levels
-Highest Volume in almost 1.5 Months
-Trapped Between 2 Anchored vWAPS from High and Local Low
-MS has not been breached until we lose lower Monthly.
-Retest of upper Monthly still possible.

Bear
-Based on the volume that was just absorbed, only to close lower. I think we push to test lower Monthly next.
-Terrible R:R, not worth a trade.

Bull
-MS still bullish, because we have not breached that Hourly swing low.
-No setup with such a bearish upper wick.

COT Sentiment
-Large Specs have not added shorts, but they are still holding their positions.
-If Weekly can claim the higher Monthly level, we could see a change in sentiment.
-Bullish V Bottom on Daily/Weekly

Im shorting below Lower Monthly, or on a test of Upper Monthly. No trade here.