Published: 2025-08-08T07:09:03.000Z
Chart AUD/JPY Update: Extending gains from 95.00 support
Technical Analyst
2
Extending bounce from the 95.00 level to pressure the 96.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 97.70 | * | 50% 2024/2025 fall | S1 | 95.00 | * | congestion | |
| R3 | 97.40 | ** | 15 Jul high | S2 | 94.00 | * | congestion | |
| R2 | 97.00 | * | congestion | S3 | 93.00 | * | congestion | |
| R1 | 96.00 | * | congestion | S4 | 92.00 | ** | congestion |
Asterisk denotes strength of level
07:00 GMT - Extending bounce from the 95.00 level to pressure the 96.00 level. Positive daily studies suggest consolidation here giving way to further strength later and see scope for retest of the 97.00 level then the July high at 97.40. Would expect reaction on retest of the latter and lower high sought to pressure the downside later. Meanwhile, support remains at the 95.00 congestion. Break here will see room for deeper pullback to retrace gains from the April low to the 94.00/93.00 congestion area.