Published: 2025-11-12T06:20:13.000Z
Chart AUD/JPY Update: Pressuring 101.00/20 highs
1
Extending bounce from the 98.82 low of last week to retest the 101.00/20 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 103.00 | * | congestion | S1 | 100.00 | congestion | ||
| R3 | 102.40 | ** | Nov 2024 high | S2 | 99.50 | * | congestion | |
| R2 | 101.50 | * | congestion | S3 | 98.82 | ** | 5 Nov low | |
| R1 | 101.20 | ** | 30 Oct YTD high | S4 | 98.40 | * | Sep high |
Asterisk denotes strength of level
06:15 GMT - Extending bounce from the 98.82 low of last week to retest the 101.00/20 highs. Positive daily and weekly studies suggest scope to break here and channel resistance from July 2024 year high to extend the April gains. Higher will see extension to the 101.50 congestion then the 102.40 high of November 2024. Meanwhile, support is raised to the 100.00/99.50 area which extend to the 98.82 swing low which should underpin Would take break here to open up room for deeper pullback to strong support at 98.40/97.40, the September/July highs.