Published: 2026-05-18T06:44:26.000Z
Chart AUD/JPY Update: Room for deeper pullback from 114.70 high
2
Extending pullback from the 114.70 current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 116.00 | * | congestion | S1 | 113.00 | * | congestion | |
| R3 | 115.00 | * | congestion | S2 | 112.00 | * | congestion | |
| R2 | 114.70 | ** | 28 Apr YTD high | S3 | 111.30 | ** | 30 Apr low | |
| R1 | 114.00 | * | Mar high, congestion | S4 | 110.80 | * | 9 Feb high |
Asterisk denotes strength of level
06:35 GMT - Extending pullback from the 114.70 current year high and return below the 114.00 level see room to support at the 113.00/112.00 congestion area. Below these will expose the 111.30 low of 30 April to retest. Break of the latter will confirm a double top at the 114.70 highs and see room for deeper pullback to support at 110.80/110.00 congestion. Lower still will see room to retest 108.80, March low. Meanwhile, resistance is lowered to 114.00 level which is expected to cap and extend losses from the 114.70 April and 13 May double top.