Published: 2025-10-09T06:56:56.000Z
Chart AUD/JPY Update: Extending gains to fresh year high
1
Extending Monday's break to fresh year high with the 101.00 level now within reach
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 102.40 | ** | Nov 2024 high | S1 | 100.00 | * | congestion | |
| R3 | 102.00 | * | figure | S2 | 99.50 | * | congestion | |
| R2 | 101.50 | * | congestion | S3 | 99.00 | * | congestion | |
| R1 | 101.00 | * | congestion | S4 | 98.42/00 | ** | Sep high, congestion |
Asterisk denotes strength of level
06:50 GMT - Extending Monday's break to fresh year high with the 101.00 level now within reach. Daily studies remain positive and clearance here will see room for extension to the 101.50 congestion then the 102.40, November 2024 high. Would expect reaction at the latter to unwind overbought daily and weekly studies. Meanwhile, support is raised to the 100.00/99.50 congestion area which is expected to underpin. Would take break here to fade the upside pressure and open up room for deeper pullback to 98.42/98.00, September high and congestion area.