Published: 2026-01-06T06:43:11.000Z
Chart AUD/JPY Update: Extending gains
1
Consolidation below the 105.22 high has given way to break to extend gains from the April 2025 year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 109.00/35 | ** | congestion, Jul 2024 yr high | S1 | 104.40 | ** | 9 Dec high | |
| R3 | 108.00 | * | congestion | S2 | 104.00 | * | congestion | |
| R2 | 107.00 | * | congestion | S3 | 103.00 | * | congestion | |
| R1 | 106.00 | * | congestion | S4 | 102.50/00 | ** | Nov high, congestion |
Asterisk denotes strength of level
06:40 GMT - Consolidation below the 105.22 high has given way to break to extend gains from the April 2025 year low. Bullish price action keep pressure on the upside and see room for extension to the 106.00 level next. Higher still, will see scope to 107.00/108.00 area but overbought daily and weekly studies caution corrective pullback within the rising wedge pattern. Meanwhile, support at the 104.40/104.00 area underpin. Would take break here to fade the upside pressure and open up room for deeper pullback to strong support at the 103.00 congestion and 102.50/00 area.