Published: 2026-05-05T07:22:06.000Z
Chart AUD/JPY Update: Leaning lower in consolidation
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Leaning lower in consolidation from the 113.30 Monday's bounce high as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 115.00 | * | congestion | S1 | 112.00 | * | congestion | |
| R3 | 114.70 | ** | 28 Apr YTD high | S2 | 111.30 | ** | 30 Apr low | |
| R2 | 114.00 | * | congestion | S3 | 110.80 | * | 9 Feb high | |
| R1 | 113.30 | * | 4 May high | S4 | 110.00 | * | congestion |
Asterisk denotes strength of level
07:15 GMT - Leaning lower in consolidation from the 113.30 Monday's bounce high as prices unwind overbought intraday studies. Daily studies are overbought as well and suggest scope for pullback to support starting at 112.00 congestion then the 111.30 low of last week. Below these will open up room for deeper pullback to retrace the March/April rally and see room to support at the 110.80/110.00 area. Break here will expose the 108.80 March low to retest. Meanwhile, resistance at the 113.30 is expected to cap and sustain losses from the 114.70 high of last week.