Published: 2026-01-22T06:54:21.000Z
Chart AUD/JPY Update: Extending gains
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Extending gains within the bullish channel from the April low to reach fresh year high at the 108.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 110.00 | * | figure | S1 | 106.70 | * | 14 Jan high | |
| R3 | 109.70 | ** | Mar 1991 year high | S2 | 106.00 | * | congestion | |
| R2 | 109.35 | ** | Jul 2024 year high | S3 | 105.20/00 | * | 29 Dec high, congestion | |
| R1 | 108.00 | * | congestion | S4 | 104.40/00 | ** | 9 Dec high, congestion |
Asterisk denotes strength of level
06:45 GMT - Extending gains within the bullish channel from the April low to reach fresh year high at the 108.00 level. Higher still, will see room to 108.70 channel resistance but focus will turn to the 109.35, July 2024 multi-year high, where reaction can be expected as daily and weekly studies pushed deep into overbought areas. Meanwhile, support is raised to the 106.70/00 area which should underpin. Below this will open up room for deeper pullback retrace gains from the October low to support at 105.20 and 104.40, December highs.