Published: 2025-09-02T06:35:20.000Z
Chart AUD/JPY Update: Extending bounce from 94.40, August low
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Break of the 96.00 level see prices extending gains from the August low at 94.40 to target the 96.85 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 98.75 | * | 24 Jan high | S1 | 96.00 | * | congestion | |
| R3 | 98.00 | * | congestion | S2 | 95.60 | ** | May high | |
| R2 | 97.40 | ** | Jul high | S3 | 95.00 | * | congestion | |
| R1 | 96.85 | ** | 12 Aug high | S4 | 94.40 | ** | Aug low |
Asterisk denotes strength of level
06:30 GMT - Break of the 96.00 level see prices extending gains from the August low at 94.40 to target the 96.85 resistance. Overbought intraday studies suggest reaction here likely but positive daily chart see scope for break later to open up room for extension to the 97.00 level and 97.40, July high and equidistant channel from the August 2024/April lows. Meanwhile, support is raised to the 96.00 level and this extend to the 95.60, May high, which is expected to underpin and sustain bounce from the 94.40 low.