Published: 2025-09-04T06:56:00.000Z
Chart AUD/JPY Update: Settled back from retest of 94.30/40, July highs
Technical Analyst
-
Settled back from retest of the July highs at 97.30/40 as prices unwind the overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 98.50 | * | 76.4% Nov/Apr fall | S1 | 96.00 | * | congestion | |
| R3 | 98.00 | * | congestion | S2 | 95.60 | ** | May high | |
| R2 | 97.40 | ** | Jul high | S3 | 95.00 | * | congestion | |
| R1 | 96.85 | * | 12 Aug high | S4 | 94.40 | ** | Aug low |
Asterisk denotes strength of level
06:50 GMT - Settled back from retest of the July highs at 97.30/40 as prices unwind the overbought intraday studies. Daily chart are stretched as well and see room for deeper pullback to retrace gains from the 94.40 August low. Pullback see support starting at the 96.00 level then the May high at 95.60 which is expected to underpin. Would take break here to return focus to the downside for retest of the 95.00 level and 94.40 low. Break above the 97.40 July high will see room to the 98.00 level and 98.50, 76.4% Fibonacci level