Published: 2025-01-22T07:16:29.000Z
Chart AUD/JPY Update: Range-bound in consolidation below 97.78 high
Technical Analyst
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Little change, as prices extend consolidation below the Monday's bounce high at 97.78
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.00 | * | congestion | S1 | 97.00 | * | congestion | |
| R3 | 99.42 | ** | 15 Nov low | S2 | 96.00 | * | congestion | |
| R2 | 99.00 | * | congestion | S3 | 95.52 | ** | 6 Dec low | |
| R1 | 98.00 | * | congestion | S4 | 94.85 | * | 61.8% Aug/Nov rally |
Asterisk denotes strength of level
07:15 GMT - Little change, as prices extend consolidation below the Monday's bounce high at 97.78. Bounce from the 96.00 level are seen corrective of losses from above the 99.00 level and expected to give way to selling pressure later. Lower high sought for retest of the 96.38 and 96.00 lows and break of these will open the December low at 95.52 to retest. Lower still, will see extension of the broader losses from the November high to retrace gains from the August low and see room to 94.85, 61.8% Fibonacci level, then the 94.00 level.