Published: 2025-11-20T08:14:57.000Z
Chart AUD/JPY Update: Consolidating gains to fresh year high
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Break above the 101.20 high of last week see prices extending gains to reach fresh year high above the 102.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 104.00 | * | congestion | S1 | 101.00 | * | congestion | |
| R3 | 103.85 | * | 76.4% 2024/Apr low | S2 | 100.00 | * | congestion | |
| R2 | 103.00 | * | congestion | S3 | 98.80 | ** | 5 Nov low | |
| R1 | 102.40 | ** | Nov 2024 high | S4 | 98.40 | ** | Sep high |
Asterisk denotes strength of level
08:10 GMT - Break above the 101.20 high of last week see prices extending gains to reach fresh year high above the 102.00 level. Above here see room to the 102.40 November 2024 high where consolidation is expected as daily and weekly studies push deep into overbought areas. Bullish structure from the April low keeps pressure on the upside and a later break higher cannot be ruled out to further retrace losses from the July 2024 year high. Meanwhile, support at the 101.00/100.00 congestion area should underpin and sustain gains from the 96.25, October swing low.