Published: 2025-11-13T06:40:27.000Z
Chart AUD/JPY Update: Extending gains
1
Rally through the 101.00/20 October highs see prices extending gains from the April current year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 104.00 | * | congestion | S1 | 101.00 | congestion | ||
| R3 | 103.00 | * | congestion | S2 | 100.00 | * | congestion | |
| R2 | 102.40 | ** | Nov 2024 high | S3 | 98.80 | ** | 5 Nov low | |
| R1 | 101.50 | * | congestion | S4 | 98.40 | ** | Sep high |
Asterisk denotes strength of level
06:35 GMT - Rally through the 101.00/20 October highs see prices extending gains from the April current year low to reach resistance at 101.50. Positive daily and weekly studies suggest scope to break here and 102.00 level to sets up scope for retest of the 102.40, November 2024 high. Meanwhile, support is raised to the 101.00/100.00 congestion area which should underpin Would take break here to open up room for deeper pullback to strong support at 98.80/98.40, 5 November low and September high.