Published: 2025-07-30T06:57:11.000Z
Chart AUD/JPY Update: Leaning lower from 97.30/97.40 highs
Technical Analyst
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Leaning lower from the 97.30/40 highs as prices unwind overbought intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 99.00/15 | ** | congestion, Jan YTD high | S1 | 96.00 | * | congestion | |
| R3 | 98.55 | * | 76.4% Nov/Apr fall | S2 | 95.50 | ** | May high, congestion | |
| R2 | 98.00 | * | congestion | S3 | 94.80 | * | 17 Jun high | |
| R1 | 97.30/40 | ** | Feb, 15 Jul highs | S4 | 94.00 | * | congestion |
Asterisk denotes strength of level
06:50 GMT - Leaning lower from the 97.30/40 highs as prices unwind overbought intraday and daily studies. Pullback see support at the 96.00/95.50 area where break will trigger a double top at the highs and open up room deeper pullback to retrace gains from the 92.00 level. Lower will see room to the 94.80 support then 94.00 level. Meanwhile, resistance 97.30/97.40 highs are expected to cap. Clearance, if seen, will see extension to the 98.00 congestion and equidistance channel from the August/April lows.