Published: 2025-07-10T06:53:55.000Z
Chart AUD/JPY Update: Room for further gains
Technical Analyst
1
Settled back from test of the 96.15, 61.8% Fibonacci level, as prices consolidate strong gains from the 92.00/91.65 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 98.00 | * | congestion | S1 | 94.80 | * | 17 Jun high | |
| R3 | 97.30 | * | Feb high | S2 | 94.00 | * | congestion | |
| R2 | 97.00 | * | congestion | S3 | 93.20 | * | congestion | |
| R1 | 96.15 | * | 61.8% Nov/Apr fall | S4 | 92.30/00 | ** | 13 Jun low, congestion |
Asterisk denotes strength of level
06:50 GMT - Settled back from test of the 96.15, 61.8% Fibonacci level, as prices unwind overbought intraday studies and consolidate strong gains from the 92.00/91.65 support. However, bullish momentum from the latter keeps pressure on the upside anc clearance here will see room to target the 97.00 congestion then 97.30 February high. Meanwhile, support is raised to the 94.80/94.00 congestion area which should underpin. Would take break here to fade the upside pressure and open up room for deeper pullback to the 93.20/93.00 support.