Published: 2025-11-18T06:44:47.000Z
Chart AUD/JPY Update: Drifting lower in consolidation
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Drifting lower in consolidation from the 101.82 high as prices unwind overbought intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 103.00 | * | congestion | S1 | 100.00 | * | congestion | |
| R3 | 102.40 | ** | Nov 2024 high | S2 | 98.80 | ** | 5 Nov low | |
| R2 | 102.00 | * | congestion | S3 | 98.40 | ** | Sep high | |
| R1 | 101.00/20 | * | Oct highs | S4 | 98.00 | * | congestion |
Asterisk denotes strength of level
06:40 GMT - Drifting lower in consolidation from the 101.82 high as prices unwind overbought intraday and daily studies. Weekly studies are stretched as well and suggest further gains likely to stalled beneath the 102.40, November 2024 high. Meanwhile, support at the 100.00 congestion now underpin. Would take break here to open up room for deeper pullback to retrace gains from the April current year low to strong support at 99.00/98.80, congestion and 5 Novermber low. Lower still, will see room to 98.40/97.40, September/July highs.