Published: 2025-08-06T06:55:29.000Z
Chart AUD/JPY Update: Higher in consolidation from 95.00
Technical Analyst
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Bounce at the 95.00 level see prices consolidating 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
06:45 GMT - Bounce at the 95.00 level see prices consolidating losses from the high of last week and unwinding oversold intraday studies. Consolidation expected to give way to fresh selling pressure later where break of the 95.00 support 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 which is expected to cap corrective bounce and sustain losses from the 97.30/97.40 highs.