Published: 2026-06-02T06:40:54.000Z
Chart AUD/JPY Update: Poised for retest of 114.70, YTD high
2
Break above the 114.00 level see prices extending gains to approach 114.70 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 118.00 | * | congestion | S1 | 114.00 | * | congestion | |
| R3 | 116.00 | * | congestion | S2 | 113.00 | * | congestion | |
| R2 | 115.00 | * | congestion | S3 | 112.60 | ** | 19 May low | |
| R1 | 114.70 | ** | 28 Apr YTD high | S4 | 112.00 | * | congestion |
Asterisk denotes strength of level
06:35 GMT - Break above the 114.00 level see prices extending gains from the 113.00/112.60 congestion and 19 May low and see the April/May highs at 114.70 now within reach. Would expected reaction here but bullish structure keeps pressure on the upside and suggest scope for break to extend gains from the April 2025 year low. Clearance will see room to the 115.00/116.00 congestion area from September 1990. Meanwhile, support is raised to the 114.00 congestion. Below here will see room for consolidation back to support at the 113.00/112.60 area.