Published: 2025-10-31T07:14:46.000Z
Chart AUD/JPY Update: Consolidating, room for higher later
1
Saw break to fresh year high at 101.20 before settling into consolidation at the 101.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 103.00 | congestion | S1 | 99.50 | * | congestion | ||
| R3 | 102.40 | ** | 7 Nov 2024 high | S2 | 98.42 | * | Sep high | |
| R2 | 101.50 | * | 20 Nov 2024 high | S3 | 97.40/00 | ** | Jul high, congestion | |
| R1 | 101.20 | 30 Oct YTD high | S4 | 96.25 | * | 17 Oct low |
Asterisk denotes strength of level
07:00 GMT - Saw break to fresh year high at 101.20 before settling into consolidation at the 101.00 level as prices unwind overbought intraday studies. Daily studies are still tracking higher and suggest potential to further extend gains from the April low. Higher will see room to the 101.50 resistance and 102.40, November 2024 high. Would expect reaction at the latter as daily studies stretched into overbought areas. Meanwhile, support is at the 100.00/99.50 congestion area. Would take break here to fade the upside pressure and see deeper pullback to 98.42 and 97.40, September/July highs.