Published: 2025-07-23T06:49:10.000Z
Chart AUD/JPY Update: Stays support at 96.00/95.50 area
Technical Analyst
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Limited on break of the 96.00 level following bounce from above the 95.50 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 99.00/15 | ** | congestion, Jan YTD high | S1 | 96.00 | * | congestion | |
| R3 | 98.55 | * | 76.4% Nov/Apr fall | S2 | 95.50 | ** | May high, congestion | |
| R2 | 98.00 | * | congestion | S3 | 94.80 | * | 17 Jun high | |
| R1 | 97.30 | * | Feb high | S4 | 94.00 | * | congestion |
Asterisk denotes strength of level
06:40 GMT - Limited on break of the 96.00 level following bounce from above the 95.50 support. The resulting flag pattern suggest room for retest of the February high at 97.30 and where clearance will further extend the April gains to open up room for test of the 98.00 congestion and equidistance channel resistance. Meanwhile, support remains at the 96.00 congestion which extend to the 95.50, May high. Would take break here to fade the upside pressure and see deeper pullback to retrace gains from the 92.00 level.