Published: 2026-01-19T07:21:37.000Z
Chart AUD/JPY Update: Consolidating, room for lower later
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Saw bounce from the gapped down opening at 105.20 before turning up to fill the gap at 105.50
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 109.35 | ** | Jul 2024 year high | S1 | 105.20/00 | * | 29 Dec high, congestion | |
| R3 | 108.00 | * | congestion | S2 | 104.40 | ** | 9 Dec high | |
| R2 | 106.70 | ** | 14 Jan YTD high | S3 | 104.00 | * | congestion | |
| R1 | 106.00 | * | congestion | S4 | 103.00 | * | congestion |
Asterisk denotes strength of level
07:15 GMT - Saw bounce from the gapped down opening at 105.20 before turning up to fill the gap at 105.50 to approach the 106.00 level. However, negative daily studies keeps pressure on the downside and break of the 105.20/00 support will see room for deeper pullback to strong support at the 104.40/104.00 congestion area. Break of the latter will further retrace strong gains from the 96.25 October low to the 103.00/102.700 congestion. Would take break of the 106.00 level and 106.70 high to further extend the April gains to the 108.00 congestion and 109.35, July 2024 year high.