Chart AUD/JPY Update: Lower in range from 114.90, fresh year high
1
Break above the 114.70 April/May highs has seen extension to fresh year high at 114.90
Levels
Imp
Comment
Levels
Imp
Comment
R4
118.00
*
congestion
S1
114.00
*
congestion
R3
116.00
*
congestion
S2
113.00
*
congestion
R2
115.00
*
congestion
S3
112.60
**
19 May low
R1
114.90
**
2 Jun YTD high
S4
112.00
*
congestion
Asterisk denotes strength of level
06:35 GMT - Break above the 114.70 April/May highs has seen extension to fresh year high at 114.90. Prices has since settled back in consolidation to unwind overbought daily studies but bullish structure keep focus on the upside and suggest scope to extend gains from the April 2025 year low. Higher will see room to the 115.00/116.00 congestion area from September 1990. Meanwhile, support is raised to the 114.00 congestion. Below here will open up room for deeper pulback to strong support at the 113.00/112.60 area.