Published: 2026-05-19T06:42:20.000Z
Chart AUD/JPY Update: Still supported above 113.00
1
Range-bound within the 114.00/113.00 area as prices extend consolidation within the wedge pattern from the 114.70 high
| 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 | * | Mar high, congestion | S4 | 110.80 | * | 9 Feb high |
Asterisk denotes strength of level
06:35 GMT - Range-bound within the 114.00/113.00 area as prices extend consolidation within the wedge pattern from the 114.70 high. Would take break of the 113.00 support to open up room for deeper pullback to the 112.00 congestion and the 111.30, 30 April low. Break of the latter will confirm a double top at the 114.70 highs and see room to support at 110.80/110.00 congestion. Lower still, will see room to retest 108.80, March low. Meanwhile, resistance remains at 114.00 which is expected to cap and extend losses from the 114.70 April and 13 May double top.