Published: 2026-06-08T06:28:01.000Z
Chart AUD/JPY Update: Room to extend losses from 114.90 high
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Steadied at the 112.50 low as prices consolidate sharp losses last week from the 114.90 current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 116.00 | * | congestion | S1 | 112.50 | intraday low | ||
| R3 | 115.00 | * | congestion | S2 | 112.00 | * | congestion | |
| R2 | 114.90 | ** | 2 Jun YTD high | S3 | 111.30 | ** | 30 Apr low | |
| R1 | 114.00 | * | congestion | S4 | 110.80 | * | 9 Feb high |
Asterisk denotes strength of level
06:20 GMT - Steadied at the 112.50 low as prices consolidate sharp losses last week from the 114.90 current year high. Pullback see prices unwinding overbought daily and weekly studies and suggest scope for deeper pullback from the 2-month wedge pattern. Lower will see room to strong support at the 112.00/111.30 congestion and 30 April low. Meanwhile, resistance at the 114.00 congestion now expected to cap and sustain losses from the 114.90 high. Would take break here to further extend gains from the April 2025 year low and see extension to 115.00/116.00 congestion area.