Published: 2025-07-09T07:30:39.000Z
Chart AUD/JPY Update: Extending April gains
Technical Analyst
1
Break above the December high at 95.50 has seen gains to the 96.15, 61.8% Fibonacci level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 97.30 | * | Feb high | S1 | 94.80 | * | 17 Jun high | |
| R3 | 97.30 | * | Feb high | S2 | 94.00 | * | congestion | |
| R2 | 97.00 | * | congestion | S3 | 93.20 | * | congestion | |
| R1 | 96.15 | * | 61.8% Nov/Apr fall | S4 | 92.30/00 | ** | 13 Jun low, congestion |
Asterisk denotes strength of level
07:20 GMT - Break above the December high at 95.50 has seen gains to the 96.15, 61.8% Fibonacci level. Reaction here see prices consolidating strong gains from support at the 92.00/91.65 congestion area but bullish momentum keeps focus on the upside. Clearance here will see room to target the 97.00 congestion then 97.30 February high. Meanwhile, support is raised to 94.80/94.00 area which should underpin. Would take break here to fade the upside pressure and open up room for deeper pullback to the 93.20/93.00 support.