AUD/JPY at a possible reversal level

I've been looking through the charts and found this retracement on AUD/JPY.
As you can clearly see the pair has been in an over all uptrend since early this year. Price action since the last pin bar has been up for days straight and we are now at a 50% retracement level on that recent price action. This current level is also a support level. Any attempt to go long here should have a generous SL placed below the recent (Aug-Sept) price action. In my mind this is in the neighbourhood of 400 pips at least (the red line for example).

This is not a trade recommendation. If you are trading please know your risk or use a demo account.