Published: 2026-02-27T07:37:23.000Z
Chart AUD/JPY Update: Consolidating, room for higher later
-
Range-bound below the 111.48 high as prices consolidate gains from the 107.80 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 114.00 | * | congestion | S1 | 110.00 | * | congestion | |
| R3 | 113.00 | * | congestion | S2 | 109.00 | ** | congestion, Jan high | |
| R2 | 112.00 | ** | congestion | S3 | 107.80 | ** | congestion, 2007 yr high | |
| R1 | 111.48 | * | 26 Feb YTD high | S4 | 106.85 | 2 Feb low |
Asterisk denotes strength of level
07:30 GMT - Range-bound below the 111.48 high as prices consolidate gains from the 107.80 low of last week. However, pressure remains on the upside and see scope to extend gains from the 2020 year low. Higher will see room to the 112.00/113.00 congestion area but overbought daily and weekly studies caution corrective pullback. Meanwhile, support is raised to the 110.00 congestion which should underpin. Would take break here to see deeper pullback to correct strong gains from the 96.25 October low to the strong support at the 109.00/107.80 area.