Published: 2026-06-17T07:23:40.000Z
Chart AUD/JPY Update: Consolidating, room for lower later
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Higher in consolidation as prices extend bounce from the 112.00 low to retrace losses from the 114.90, 2 June current year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 116.00 | * | congestion | S1 | 113.00 | * | congestion | |
| 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
07:15 GMT - Higher in consolidation as prices extend bounce from the 112.00 low to retrace losses from the 114.90, 2 June current year high. Positive daily studies are supportive of gains but resistance at the 113.50/114.00 congestion are expected to cap give way to renewed selling pressure later. Meanwhile, support remains at the 112.00 low and break here will open up room for deeper pullback to retrace gains from the 108.80 March low. Break will see room to retest strong support at the 111.30/110.80 area.