Published: 2025-10-07T06:39:57.000Z
Chart AUD/JPY Update: Consolidating, room for higher
3
No follow-through on break of the 99.50 congestion as prices settled back in consolidation from the 99.68 fresh year 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
06:30 GMT - No follow-through on break of the 99.50 congestion as prices settled back in consolidation from the 99.68 fresh year high. Consolidation here see prices unwind overbought intraday studies but further gains not ruled out to further extend the April gains. Higher will see room to the 100.00 level and 100.45, 61.8% Fibonacci level. Meanwhile, support is raised to the 98.42/98.00, September high and congestion area, which should underpin and sustain bullish bounce from support at the 97.00/96.85 area.