Published: 2025-08-07T06:40:26.000Z
Chart AUD/JPY Update: Turned up from the 95.00 support
Technical Analyst
1
Extending bounce from the 95.00 level as prices consolidate losses from the high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 98.00 | * | congestion | S1 | 95.00 | * | congestion | |
| R3 | 97.40 | ** | 15 Jul high | S2 | 94.00 | * | congestion | |
| R2 | 97.00 | * | congestion | S3 | 93.00 | * | congestion | |
| R1 | 96.00 | * | congestion | S4 | 92.00 | ** | congestion |
Asterisk denotes strength of level
06:30 GMT - Extending bounce from the 95.00 level as prices consolidate losses from the high of last week to reach the 96.00 level. Bounce expected to give way to fresh selling pressure later to retest the 95.00 support and where break will open up room for deeper pullback to retrace the May/July rally. Lower will see room for deeper pullback to the 94.00 congestion. Meanwhile, resistance is lowered to the 96.00 congestion. Break here should meet with selling pressure below the 97.00 congestion and sustain losses from the 97.30/97.40 highs.