Published: 2025-07-07T07:43:49.000Z
Chart AUD/JPY Update: Leaning lower from 95.35 high
Technical Analyst
1
Failured to sustain break above the 95.00 level see prices coming under selling pressure from the 95.35 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 97.30 | * | Feb high | S1 | 94.00 | * | congestion | |
| R3 | 97.00 | * | congestion | S2 | 93.20/00 | * | congestion | |
| R2 | 96.15 | * | 61.8% Nov/Apr fall | S3 | 92.30/00 | ** | 13 Jun low, congestion | |
| R1 | 95.50 | ** | Dec low | S4 | 91.65 | * | 23 May low |
Asterisk denotes strength of level
07:40 GMT - Failured to sustain break above the 95.00 level see prices coming under selling pressure from the 95.35 high. Prices are unwinding overbought daily studies and threaten break of support at the 94.00 congestion. Break here will open up room to the 93.20/93.00 support. Below the latter will return focus to the downside for retest of strong support at the 92.30/92.00 area. Meanwhile, resistance at the 95.35 and 95.50 highs are expected to cap. Clearance will further retrace the November/April losses and see room to 96.15, 61.8% Fibonacci level.