Published: 2025-07-21T07:20:41.000Z
Chart AUD/JPY Update: Room for deeper pullback from 97.30 resistance
Technical Analyst
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Settled back from retest of the February high at 97.30 as prices unwind overbought intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 99.00/15 | ** | congestion, Jan YTD high | S1 | 96.00 | * | congestion | |
| R3 | 98.55 | * | 76.4% Nov/Apr fall | S2 | 95.50 | ** | May high, congestion | |
| R2 | 98.00 | * | congestion | S3 | 94.80 | * | 17 Jun high | |
| R1 | 97.30 | * | Feb high | S4 | 94.00 | * | congestion |
Asterisk denotes strength of level
07:15 GMT - Settled back from retest of the February high at 97.30 as prices unwind overbought intraday and daily studies. Support is at the 96.00 congestion and this extend to the 95.50, May high. Would take break here to fade the upside pressure and see deeper pullback to retrace gains from the 92.00 level. Lower will open up room to support at 94.80/94.00 congestion. Meanwhile, break of the 97.30 resistance, if seen, will further extend the April gains and see room to resistance at 98.00, congestion.