Published: 2026-06-05T06:54:54.000Z
Chart AUD/JPY Update: Consolidating at 114.00 level
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Turned down from 114.90 fresh year high to consolidate at the 114.00 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 118.00 | * | congestion | S1 | 114.00 | * | congestion | |
| R3 | 116.00 | * | congestion | S2 | 113.00 | * | congestion | |
| R2 | 115.00 | * | congestion | S3 | 112.60 | ** | 19 May low | |
| R1 | 114.90 | ** | 2 Jun YTD high | S4 | 112.00 | * | congestion |
Asterisk denotes strength of level
06:50 GMT - Turned down from 114.90 fresh year high to consolidate at the 114.00 congestion. Prices are unwinding overbought daily studies and suggest scope for break here and the 2-month wedge pattern to open up room to support at 113.00 level and 112.60, 19 May low. Below these will see room for deeper pullback to 112.00/111.30 congestion and 30 April low. Meanwhile, resistance at the 114.70/90 highs are expected to cap. Clearance, if seen, will further extend gains from the April 2025 year low and see extension to 115.00/116.00 congestion area.