Published: 2026-03-16T06:25:27.000Z
Chart AUD/JPY Update: Room to extend rejection from 114.00 high
1
Exending rejection from the 114.00 high and channel resistance from the October low through the 112.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 115.00 | * | congestion | S1 | 110.80 | ** | 9 Feb high | |
| R3 | 114.00 | ** | 11 Mar YTD high | S2 | 110.00 | * | congestion | |
| R2 | 113.00 | * | congestion | S3 | 109.35/00 | ** | 2024 yr high, Jan high | |
| R1 | 112.00/10 | * | congestion, 3 Mar high | S4 | 107.70 | ** | 13 Feb low |
Asterisk denotes strength of level
07:30 GMT - Exending rejection from the 114.00 high and channel resistance from the October low through the 112.00 level. Losses has stablised at 111.50 low but negative daily and weekly studies and suggest consolidation giving way to renewed selling pressure later. Lower will see room for deeper correction to strong support at the 110.80 /110.00 congestion area. Meanwhile, resistance is lowered to the 112.00/10 congestion which is expected to cap and sustain losses from the 114.00, 11 March current year high.