Published: 2026-05-20T06:28:17.000Z
Chart AUD/JPY Update: Under pressure, room for lower
2
Leaning lower from the 114.70 and 114.00 April/March highs to pressure support at the 113.00 congestion
| 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
06:25 GMT - Leaning lower from the 114.70 and 114.00 April/March highs to pressure support at the 113.00 congestion. Daily and weekly studies are unwinding overbought readings and suggest scope for break here to open up room for deeper pullback to the 112.00 congestion and the 111.30, 30 April low. Below the latter will confirm a double top at the 114.70 highs and see room for extension to support at 110.80/110.00 congestion and 108.80, March low. Meanwhile, resistance at 114.00/114.70 March and April highs are expected to cap.