Published: 2025-08-20T07:18:50.000Z
Chart AUD/JPY Update: Retest 94.90 low, room for lower
Technical Analyst
1
Breakdown from the 95.60 support has seen extension to retest the 94.90 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 97.00 | * | congestion | S1 | 94.90 | ** | 4 Aug low | |
| R3 | 96.85 | ** | 12 Aug high | S2 | 94.00 | * | congestion | |
| R2 | 96.00 | * | congestion | S3 | 93.25 | * | 16 Jun low | |
| R1 | 95.60 | ** | May high | S4 | 93.05 | * | 38.2% Apr/Jul rally |
Asterisk denotes strength of level
07:15 GMT - Breakdown from the 95.60 support has seen extension to retest the 94.90 low. Consolidation here see prices unwinding the oversold intraday and daily studies but this is expected to give way to renewed selling pressure later. Lower will see room to further retrace the April/July rally to the 94.00 level. Lower still, will see room to 93.25/93.05 support and 38.2% Fibonacci level. Meanwhile, resistance is lowered to the May high at 95.60 which is expected to cap and sustain losses from the 97.40 July high.