Published: 2026-07-24T06:56:07.000Z
Chart AUD/JPY Update: Extending gains, 114.90 high within reach
1
Break above the 114.00 level see scope for retest of the 114.90 June current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 118.00 | * | congestion | S1 | 113.50 | * | congestion | |
| R3 | 116.00 | * | congestion | S2 | 113.00 | * | congestion | |
| R2 | 114.90 | ** | 2 Jun YTD high | S3 | 112.00 | * | congestion | |
| R1 | 114.70 | * | Apr high | S4 | 111.30 | ** | 30 Apr low |
Asterisk denotes strength of level
06:50 GMT - Break above the 114.00 level see prices extending gains from 111.30 low of 30 April and see room for retest of the 114.90 June current year high. Deep overbought daily studies suggest reaction can be expected here, a later break cannot be ruled out to extend strong gains from the April 2025 year low. Clearance, will see room for extension to target the 116.00/118.00 congestion area. Meanwhile, support is raised to 113.50/113.00 congestion area which should underpin and sustain bounce from the 111.30 low.