Published: 2025-12-12T07:00:34.000Z
Chart AUD/JPY Update: Range-bound in consolidation from 104.40 high
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Settled back in range from the 104.40 current year high as prices unwind overbought intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 108.00 | * | congestion | S1 | 103.00 | * | congestion | |
| R3 | 106.00 | * | congestion | S2 | 102.40/00 | * | congestion | |
| R2 | 105.00 | * | congestion, Apr 2024 high | S3 | 101.20/00 | ** | Oct highs | |
| R1 | 104.40 | ** | 9 Dec YTD high | S4 | 100.00 | * | congestion |
Asterisk denotes strength of level
06:50 GMT - Settled back in range from the 104.40 current year high as prices unwind overbought intraday and daily studies. However, bullish momentum keep pressure on the upside and higher will open up room to the 105.00/106.00, April 2024 high and congestion area. Meanwhile, support at the 103.00 level and extending to the 102.40/00 congestion area should underpin. Only below this will fade the upside pressure and see room for deeper pullback to correct strong gains from the April low to support at 101.20/00 October highs.