Published: 2025-10-21T05:54:49.000Z
Chart AUD/JPY Update: Extend corrective bounce
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Higher to extend bounce from the 96.25 low of last week to retest the 98.42 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.95 | ** | 9 Oct YTD high | S1 | 97.40/00 | * | congestion | |
| R3 | 100.00 | * | figure | S2 | 96.25 | ** | 17 Oct low | |
| R2 | 99.50 | * | congestion | S3 | 96.00 | * | congestion | |
| R1 | 98.42 | ** | Sep high | S4 | 95.60 | * | May high |
Asterisk denotes strength of level
05:50 GMT - Higher to extend bounce from the 96.25 low of last week to retest the 98.42 resistance. Bounce see prices unwind oversold daily studies and retracing losses from the 100.95 current year high. Higher will see room to the 99.00/99.50 congestion area but this is expected to give way to renewed selling pressure later. Meanwhile, support is raised to 97.40/97.00 area. Break here will expose the 96.25 low to retest and see scope for deeper pullback to retrace the April/October gains to support at the 96.00/95.60, congestion May high.