Published: 2025-10-06T06:26:33.000Z
Chart AUD/JPY Update: Sharp jump to reach fresh year high
0
-
Sharply higher at the open above the 98.00 level to reach fresh year high above 99.15, January high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 101.50 | * | congestion | S1 | 98.42/00 | * | Sep high, congestion | |
| R3 | 100.45 | * | 61.8% 2024/Apr fall | S2 | 97.40 | * | Jul high | |
| R2 | 100.00 | * | figure, congestion | S3 | 96.85 | ** | 2 Oct low | |
| R1 | 99.50 | * | congestion | S4 | 96.00 | * | congestion |
Asterisk denotes strength of level
06:20 GMT - Sharply higher at the open above the 98.00 level to reach fresh year high above 99.15, January high. Nearby see strong resistance at the 99.50 congestion then the 100.00 level where reaction can be expected. However, daily and weekly studies are tracking higher and suggest scope for break here to further retrace losses from the July 2024 year high to the 100.45, 61.8% Fibonacci level. Meanwhile, support is raised to the 98.42/98.00, Spetember high and congestion area, which should underpin and sustain bullish bounce from 97.00/96.85 area.