Published: 2025-04-17T06:38:46.000Z
Chart AUD/JPY Update: Room to extend gains from 86.05 low
Technical Analyst
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Little change, as prices extend consolidation above the 90.10/00 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 95.50 | ** | Dec low | S1 | 90.10 | * | Aug low | |
| R3 | 94.00 | * | congestion | S2 | 88.00 | * | congestion | |
| R2 | 93.05 | * | 31 Mar low | S3 | 86.05 | ** | Mar 2023 year low | |
| R1 | 91.85/00 | ** | Mar low, congestion | S4 | 85.50 | * | congestion |
Asterisk denotes strength of level
06:40 GMT - Little change, as prices extend consolidation above the 90.10/00 support. Positive daily studies and the resulting ascending triangle pattern suggest scope for break above the 91.40 high to further extend gains from the 86.05 low to the strong resistance at the 91.85/92.00, March low and congestion area. Clearance here will open up room for stronger correction to the 93.05/94.00 resistance. Meanwhile, support is raised to 90.10/00 area which now underpin. Would take break here to return focus to the downside for retest of the 88.00 level then the critical 86.05 support and 2023 year low.