Published: 2025-05-09T07:41:21.000Z
Chart AUD/JPY Update: Extend choppy trade above 92.00
Technical Analyst
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Higher in consolidation above the 92.00 support to retest 93.55 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 95.50 | ** | Dec low | S1 | 92.00 | * | Mar low | |
| R3 | 94.20 | * | 50% Nov/Apr fall | S2 | 91.40 | * | 15 Apr high | |
| R2 | 94.00 | * | congestion | S3 | 90.10/00 | ** | Aug low, congestion | |
| R1 | 93.55 | * | 2 May high | S4 | 88.28 | 11 Apr low |
Asterisk denotes strength of level
07:35 GMT - Higher in consolidation above the 92.00 support to retest 93.55 high as prices unwind overbought intraday and daily studies. Would need break here to clear the way for stronger gains to retrace losses from the November high. Break will see room to 94.00/94.20 congestion and 50% Fibonacci level. Still higher, if seen, will see scope to strong resistance at 95.50, December low. Meanwhile, support remains at the 92.00/91.40 area underpin. Would take break here to return focus to the downside for retest of strong support at 90.10/00.