Published: 2025-06-02T06:37:12.000Z
Chart AUD/JPY Update: Consolidating above 92.00, scope for break
Technical Analyst
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Consolidating above 92.00 support but pressure remains on the downside following pullback from below the 94.00/30 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 96.15 | * | 61.8% Nov/Apr fall | S1 | 92.00 | ** | Mar low | |
| R3 | 95.50 | ** | Dec low | S2 | 91.40 | * | 15 Apr high | |
| R2 | 94.00/30 | * | congestion, 10 Feb low | S3 | 90.58 | * | 29 Apr low | |
| R1 | 93.20 | * | congestion | S4 | 90.12/00 | ** | Aug 2024 year low, congestion |
Asterisk denotes strength of level
06:30 GMT - Consolidating above 92.00 support but pressure remains on the downside following pullback from below the 94.00/30 resistance. Daily studies have turn negative and suggest room to break of the 92.00 congestion. Below this will extend losses from the 95.50 resistance and see room for extension to support at 91.40/90.58 area. Lower still, will see scope for retest of strong support at 90.12/90.00, 2024 year low. Meanwhile, resistance is lowered to 93.00/20 area which should cap and sustain losses from the 94.00/30 resistance.