Published: 2025-06-13T07:31:11.000Z
Chart AUD/JPY Update: Extend rejection from 94.74 high
Technical Analyst
1
Under pressure as prices extend rejection from the 94.74 mid-week high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 96.15 | * | 61.8% Nov/Apr fall | S1 | 92.00 | ** | Mar low | |
| R3 | 95.50 | ** | Dec low | S2 | 91.40 | * | 15 Apr high | |
| R2 | 94.74 | ** | 11 Jun high | S3 | 90.58 | * | 29 Apr low | |
| R1 | 94.00 | * | congestion | S4 | 90.12/00 | ** | Aug 2024 year low, congestion |
Asterisk denotes strength of level
07:25 GMT - Under pressure as prices extend rejection from the 94.74 mid-week high. Daily studies are tracking lower and break of support at the 93.20 congestion will return focus to strong support at 92.00. Below the latter will open up room for deeper pullback to extend the broader losses from the May swing high at 95.50 to retrace rally from the Apri low. Lower will see extension to 91.40 congestion then 90.58/90.00 area. Meanwhile, resistance at the 94.00 level is expected to cap and sustain pullback from the 94.74 high.