Published: 2026-05-07T07:21:03.000Z
Chart AUD/JPY Update: Consolidating below 114.00/70 highs
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Little change, as prices settled back to consolidate at the 113.00 level following choppy trade to retest 114.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 116.00 | * | congestion | S1 | 112.00 | * | congestion | |
| R3 | 115.00 | * | congestion | S2 | 111.30 | ** | 30 Apr low | |
| R2 | 114.70 | ** | 28 Apr YTD high | S3 | 110.80 | * | 9 Feb high | |
| R1 | 114.00 | * | congestion | S4 | 110.00 | * | congestion |
Asterisk denotes strength of level
07:10 GMT - Little change, as prices settled back to consolidate at the 113.00 level following choppy trade to retest 114.00 level. This and the 114.70 April current year high are expected to cap and unwind overbought daily studies. Would take break of support at the 112.00 congestion and 111.30 low of last week to open up room for deeper pullback to support at the 110.80/110.00 area. Break here will expose the 108.80 March low to retest. Meanwhile, break above the 114.00/70 highs, if seen, will extend the underlying bull trend.