Published: 2026-03-12T07:35:53.000Z
Chart AUD/JPY Update: Consolidating gains to 113.95, fresh year high
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Settled back from fresh year high at 113.95 and the steep channel resistance from the October low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 118.00 | * | congestion | S1 | 112.50/00 | * | congestion, 3 Mar high | |
| R3 | 116.00 | * | congestion | S2 | 110.80 | ** | 9 Feb high | |
| R2 | 115.00 | * | congestion | S3 | 110.00 | * | congestion | |
| R1 | 113.95 | * | 11 Mar YTD high | S4 | 109.00 | ** | congestion, Jan high |
Asterisk denotes strength of level
07:30 GMT - Settled back from fresh year high at 113.95 and the steep channel resistance from the October low. Further gains cannot be ruled out and break here and the 114.00 level will further extend the broader gains from the 96.25 October low. Higher will see room for extension to 115.00/116.00 congestion area. However, deep overbought daily studies caution corrective pullback with support starting at the 112.50/112.00 congestion and high of 3 March. Would take break here to open up room for deeper correction to strong support at the 110.80 /110.00 congestion area and 109.00, January high.