Published: 2025-07-31T06:24:33.000Z
Chart AUD/JPY Update: Leaning lower from 97.30/97.40 swing highs
Technical Analyst
3
Leaning lower from the 97.30/40 swing highs to reach support at the 96.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 99.00/15 | ** | congestion, Jan YTD high | S1 | 96.00 | * | congestion | |
| R3 | 98.55 | * | 76.4% Nov/Apr fall | S2 | 95.50 | ** | May high, congestion | |
| R2 | 98.00 | * | congestion | S3 | 94.80 | * | 17 Jun high | |
| R1 | 97.30/40 | ** | Feb, 15 Jul highs | S4 | 94.00 | * | congestion |
Asterisk denotes strength of level
06:20 GMT - Leaning lower from the 97.30/40 swing highs to reach support at the 96.00 level. Would take break here and the 95.50 May high to confirm a double top in place and open up room deeper pullback to retrace gains from congestion at the 92.00 level. Lower will see room to the 94.80 support then 94.00 congestion. Meanwhile, resistance at the 97.30/97.40 highs are expected to cap. Clearance, if seen, will see extension to the 98.00 congestion and equidistance channel from the August/April lows.