Published: 2025-09-12T07:22:04.000Z
Chart AUD/JPY Update: Extending gains, room to 98.75/99.15
0
-
Break above the July high at 97.40 has seen follow-through above 98.00 level to further extend gains from the April current year low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 98.75 | * | 24 Jan high | S1 | 97.40/00 | * | Jul high, congestion | |
| R3 | 99.15 | ** | 7 Jan YTD high | S2 | 96.00 | * | congestion | |
| R2 | 98.75 | * | 24 Jan high | S3 | 95.60 | ** | May high | |
| R1 | 98.50 | * | 76.4% Nov/Apr fall | S4 | 95.00 | * | congestion |
Asterisk denotes strength of level
07:15 GMT - Break above the July high at 97.40 has seen follow-through above 98.00 level to further extend gains from the April current year low. Higher will further retrace losses from the November high and see room to target the 98.50, 76.4% Fibonacci level. Higher still, will see room for retest strong resistance at 99.15, January current year high, and 98.75. Meanwhile, support is raised to the 97.40/97.00, July high and congestion area, now expected to underpin. Break here will fade the upside pressure and see deeper pullback to retrace rally from 94.40, August swing low.