Published: 2026-01-12T07:17:59.000Z
Chart AUD/JPY Update: Poised to extend the April gains
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Consolidation around the 105.00 level has given way to retest the 105.95 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 109.35 | ** | Jul 2024 year high | S1 | 104.40 | ** | 9 Dec high | |
| R3 | 108.00 | * | congestion | S2 | 104.00 | * | congestion | |
| R2 | 107.00 | * | congestion | S3 | 103.00 | * | congestion | |
| R1 | 105.95/00 | ** | 7 Jan high, figure | S4 | 102.50/00 | ** | Nov high, congestion |
Asterisk denotes strength of level
07:10 GMT - Consolidation around the 105.00 level has given way to retest the 105.95 high of last week. Break here will further extend bullish gains from the 86.05, April 2025 year low. Higher will see room for contiuation to the 107.00/108.00 congestion area. Beyond these will return focus to the 109.35, July 2024 year high. However, deep overbought daily and weekly studies caution corrective pullback. Meanwhile, strong support is at the 104.40/104.00 area and only break here will fade the upside pressure and see room for deeper correction to support at the 103.00 congestion and 102.50/00 area.