Chart AUD/JPY Update: Range-bound in consolidation from 112.50 low
1
Higher in range from the 112.50 low as prices consolidate sharp losses from the 114.90 current year high of 2 June
Levels
Imp
Comment
Levels
Imp
Comment
R4
116.00
*
congestion
S1
112.50
8 Jun low
R3
115.00
*
congestion
S2
112.00
*
congestion
R2
114.90
**
2 Jun YTD high
S3
111.30
**
30 Apr low
R1
114.00
*
congestion
S4
110.80
*
9 Feb high
Asterisk denotes strength of level
07:20 GMT - Higher in range from the 112.50 low as prices consolidate sharp losses from the 114.90 current year high of 2 June. Above the 113.00 level see room stronger bounce to resistance at 114.00 congestion and previous wedge support. However, the latter is expected to cap and sustain losses from the 114.90 high. Below the 112.50 low will see room for deeper pullback to retrace gains from the 108.80 March low to strong support at the 112.00/111.30 congestion and 30 April low.