Published: 2026-02-26T06:53:42.000Z
Chart AUD/JPY Update: Extending gains, but stretched
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Break above the 110.00 level has seen follow-through above 110.80 to reach fresh year high at 111.48
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 114.00 | * | congestion | S1 | 110.00 | * | congestion | |
| R3 | 113.00 | * | congestion | S2 | 109.00 | ** | congestion, Jan high | |
| R2 | 112.00 | ** | congestion | S3 | 107.80 | ** | congestion, 2007 yr high | |
| R1 | 111.48 | * | 26 Feb YTD high | S4 | 106.85 | 2 Feb low |
Asterisk denotes strength of level
06:45 GMT - Break above the 110.00 level has seen follow-through above 110.80 to reach fresh year high at 111.48. Bullish structure keeps pressure on the upside to extend gains from the 2020 year low. Higher will see room to the 112.00/113.00 congestion area but overbought daily and weekly studies caution corrective pullback. Meanwhile, support is raised to the 110.00 congestion which should underpin. Would take break here to open up room for deeper pullback to the strong support at the 109.00/107.80 area.