Published: 2025-04-16T06:48:43.000Z
Chart AUD/JPY Update: Still limited above 90.10/00 area
Technical Analyst
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Limited on break above the 90.10/00 area but further gains not ruled out to extend gains from the 86.05 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 95.50 | ** | Dec low | S1 | 90.10 | * | Aug low | |
| R3 | 94.00 | * | congestion | S2 | 88.00 | * | congestion | |
| R2 | 93.05 | * | 31 Mar low | S3 | 86.05 | ** | Mar 2023 year low | |
| R1 | 91.85/00 | ** | Mar low, congestion | S4 | 85.50 | * | congestion |
Asterisk denotes strength of level
06:40 GMT - Limited on break above the 90.00 level but further gains not ruled out to extend gains from the 86.05 support. Daily studies remains positive and above the 91.30 high will see room to the strong resistance at the 91.85/92.00, March low and congestion area which is expected to cap. Clearance will open up room for stronger correction to the 93.05/94.00 resistance. Meanwhile, support is raised to 90.10/00 area which now underpin. Would take break here to return focus to the downside for retest of the 88.00 level then the critical 86.05 support and 2023 year low.