Published: 2025-07-28T07:42:53.000Z
Chart AUD/JPY Update: Consolidating retest of 97.30/97.40 highs
Technical Analyst
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Bounce from the 96.00/95.50 support see prices back to retest 97.30/40 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 99.00/15 | ** | congestion, Jan YTD high | S1 | 96.00 | * | congestion | |
| R3 | 98.55 | * | 76.4% Nov/Apr fall | S2 | 95.50 | ** | May high, congestion | |
| R2 | 98.00 | * | congestion | S3 | 94.80 | * | 17 Jun high | |
| R1 | 97.30/40 | * | Feb, 15 Jul highs | S4 | 94.00 | * | congestion |
Asterisk denotes strength of level
07:45 GMT - Bounce from the 96.00/95.50 support see prices back to retest 97.30/40 highs. However, divergence on daily studies and overbought weekly chart suggest this area keeping gains in check. Clearance, if seen, will further extend the April gains and see extension to target 98.00 congestion and equidistance channel of the August/April lows. Meanwhile, support at the 96.00/95.50 area underpin. Would take break here to fade the upside pressure and see pullback to retrace gains from the 92.00 level.