Published: 2025-03-26T06:55:47.000Z
Chart AUD/JPY Update: Extending bounce, focus on the 95.50/75 highs
Technical Analyst
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Extending bounce from the 93.15 low to regain the 95.00 level to clear the way for retest of the 95.50/75 highs of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 97.30 | ** | Feb high | S1 | 94.30 | * | 10 Feb low | |
| R3 | 96.50 | * | 21 Feb high | S2 | 93.60 | * | Sep low | |
| R2 | 96.00 | * | congestion | S3 | 93.15/00 | * | 20 Mar low, congestion | |
| R1 | 95.50/75 | ** | congestion, 18 Mar high | S4 | 92.00 | ** | congestion |
Asterisk denotes strength of level
06:50 GMT - Extending bounce from the 93.15 low to regain the 95.00 level to clear the way for retest of the 95.50/75 highs of last week. Daily studies remains positive and suggest scope for break here to extend gains from the 92.00 congestion to retrace the January/March losses. Break will see room to the 96.00/50 area. Corrective gains from the March low is expected to give way to fresh selling pressure later with support raised to the 94.30/93.60 area. Below these will return focus to the downside for retest of the 93.00 and 92.00 congestion.