Published: 2026-04-28T07:15:29.000Z
Chart AUD/JPY Update: Extending gains, but stretched
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Break above 114.00/35 congestion and high of 17 April has seen extension to fresh year high at 114.70
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 118.00 | * | congestion | S1 | 113.65 | 23 Apr low | ||
| R3 | 116.00 | * | congestion | S2 | 113.00 | ** | 15 Apr low | |
| R2 | 115.00 | * | congestion | S3 | 112.00 | * | congestion | |
| R1 | 114.70 | intraday high | S4 | 110.80 | * | 9 Feb high |
Asterisk denotes strength of level
07:10 GMT - Break above 114.00/35 congestion and high of 17 April has seen extension to fresh year high at 114.70. Higher, will see room to further extend strong gains from the April 2025 year low and see room for extension to the 115.00/116.00 congestion area. However, overbought daily and weekly studies caution corrective pullback with support raised to the 113.65/113.00 congestion area. Would take break here to open up room for deeper pullback to retrace gains from the 108.80 March swing low to support at the 112.00 congestion and 110.80, 9 February high.