Published: 2025-05-29T06:38:19.000Z
Chart AUD/JPY Update: Extending gains
Technical Analyst
1
Extending bounce from the 92.00/91.40 support as break above 93.55 resistance see room to the 94.00/30 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 97.32 | * | Feb high | S1 | 92.00 | ** | Mar low | |
| R3 | 96.15 | * | 61.8% Nov/Apr fall | S2 | 91.40 | * | 15 Apr high | |
| R2 | 95.50 | ** | Dec low | S3 | 90.58 | * | 29 Apr low | |
| R1 | 94.00/30 | * | congestion, 10 Feb low | S4 | 90.12/00 | ** | Aug 2024 year low, congestion |
Asterisk denotes strength of level
06:30 GMT - Extending bounce from the 92.00/91.40 support as break above 93.55 resistance see room to the 94.00/30, congestion and 10 February low. Clearance here will return focus to strong resistance at 95.50, December low. Break of the latter will extend the April gains to retrace the November/April losses to target 96.15, 61.8% Fibonacci level. Corrective gains are expected to give way to renewed selling pressure later and break of strong support at the 92.00/91.40 area will return focus to the downside to support at 90.58 then the 90.12/00 area.