Published: 2026-05-12T06:52:49.000Z
Chart AUD/JPY Update: Extend bounce from 111.30 low
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Extend bounce from the 111.30 low of 30 April to reach resistance at the 114.00 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 116.00 | * | congestion | S1 | 113.00 | * | congestion | |
| R3 | 115.00 | * | congestion | S2 | 112.00 | * | congestion | |
| R2 | 114.70 | ** | 28 Apr YTD high | S3 | 111.30 | ** | 30 Apr low | |
| R1 | 114.00 | * | congestion | S4 | 110.80 | * | 9 Feb high |
Asterisk denotes strength of level
06:40 GMT - Extend bounce from the 111.30 low of 30 April to reach resistance at the 114.00 congestion. Clearance here will see scope to retest the April current year high 114.70 which is expected to cap. Clearance, if seen, will extend the underlying bull trend from the April 2025 low and see room to 115.00/116.00 congestion. Meanwhile, support at the 113.00/112.00 congestion area should underpin. Below here will expose the 30 April low at 111.30 to retest. Break of the latter will fade the upside pressure and retrace bullish gains from the April 2025 year low.