Published: 2025-08-25T08:00:34.000Z
Chart AUD/JPY Update: Extending bounce from 94.40 low
Technical Analyst
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Consolidation above the 94.40 low has given way to bounce above 95.60 resistance to open up room for retest of the 96.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 98.00 | * | congestion | S1 | 95.00 | * | congestion | |
| R3 | 97.40 | ** | 15 Jul high | S2 | 94.40 | ** | 20 Aug low | |
| R2 | 96.85 | ** | 12 Aug high | S3 | 94.00 | * | congestion | |
| R1 | 96.00 | * | congestion | S4 | 93.25 | * | 16 Jun low |
Asterisk denotes strength of level
07:50 GMT - Consolidation above the 94.40 low has given way to bounce above 95.60 resistance to open up room for retest of the 96.00 level. Clearance here will see room for retest of the 96.85 resistance. Break here will return focus to the 97.00 level and 97.40, July high and equidistant channel off the August/April lows. Would expected reaction here, while break will open up room for extension to 98.00 level and 98.75/99.00 resistance. Meanwhile, support is raised to the 95.00 level which should underpin and sustain bounce from the 94.40 low.