Chart AUD/JPY Update: Extending gains
Break above 105.95 high of last week and 106.00 level see prices extending bullish gains from the 86.05, April 2025 year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 110.00 | ** | figure | S1 | 106.00 | * | congestion | |
| R3 | 109.35 | ** | Jul 2024 year high | S2 | 105.20/00 | * | 29 Dec high, congestion | |
| R2 | 108.00 | * | congestion | S3 | 104.40 | ** | 9 Dec high | |
| R1 | 107.00 | * | congestion | S4 | 104.00 | * | congestion |
Asterisk denotes strength of level
07:00 GMT - Break above 105.95 high of last week and 106.00 level see prices extending 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 turn focus to the 109.35, July 2024 year high. Deep overbought daily and weekly studies suggest reaction at the latter likely. Meanwhile, support is raised to the 106.00 level and this extend to the 105.20/00, late-December high and congestion area which is expected to underpin. Would take break here to fade the upside pressure and correct gains from the April low.