Published: 2025-10-24T06:46:49.000Z
Chart AUD/JPY Update: Pressuring 99.50, scope for break
1
Extending gains from the 96.25 low to retest resistance at the 99.50 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 101.50 | * | 20 Nov high | S1 | 98.42 | * | Sep high | |
| R3 | 100.95 | ** | 9 Oct YTD high | S2 | 97.40/00 | ** | Jul high, congestion | |
| R2 | 100.00 | * | figure | S3 | 96.25 | * | 17 Oct low | |
| R1 | 99.50 | * | congestion | S4 | 95.60 | ** | May high |
Asterisk denotes strength of level
06:40 GMT - Extending gains from the 96.25 low to retest resistance at the 99.50 congestion. Positive daily keep pressure on the upside and suggest scope for break here to see room to the 100.00 figure and 100.95 current year high where reaction can be expected. Clearance, if seen, will turn focus to the 102.40 high of November 2024. Meanwhile, support is raised to 98.42/98.00 area which should underpin. Only below here will ease the upside pressure and see pullback to retest strong support at the 97.40/97.00 area.