Published: 2026-05-04T06:59:35.000Z
Chart AUD/JPY Update: Consolidating at 113.00
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Higher in consolidation following bounce from the 111.30 low as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 116.00 | * | congestion | S1 | 112.00 | * | congestion | |
| R3 | 115.00 | * | congestion | S2 | 111.30 | ** | 30 Apr low | |
| R2 | 114.70 | ** | 28 Apr YTD high | S3 | 110.80 | * | 9 Feb high | |
| R1 | 114.00 | * | congestion | S4 | 110.00 | * | congestion |
Asterisk denotes strength of level
06:50 GMT - Higher in consolidation following bounce from the 111.30 low as prices unwind oversold intraday studies following sharp drop from the 114.70 current year high of 28 April. Consolidation expected to give way to renewed selling pressure later. Below the 112.00 level and 111.30 low will open up room for deeper pullback to support at the 110.80/110.00 area. Below this will see room to 108.80, March low. Meanwhile, resistance is at the 114.00 congestion which is expected to cap and sustain pullback from the 114.70 high.