Published: 2025-12-17T07:35:26.000Z
Chart AUD/JPY Update: Consolidating, room for lower later
1
Turned up from test of support at the 102.40/102.00 congestion as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 106.00 | * | congestion | S1 | 102.40/00 | * | congestion | |
| R3 | 105.00 | * | congestion, Apr 2024 high | S2 | 101.20/00 | ** | Oct highs | |
| R2 | 104.40 | ** | 9 Dec YTD high | S3 | 100.00 | * | congestion | |
| R1 | 103.00/20 | * | congestion | S4 | 98.82/80 | * | Nov low, congestion |
Asterisk denotes strength of level
07:30 GMT - Turned up from test of support at the 102.40/102.00 congestion as prices unwind oversold intraday studies. Negative daily studies and overbought weekly studies suggest this giving way to renewed selling pressure later. Lower will extend losses from the 104.40 current year high and see room for extension to support at the 101.20/00, October highs, and the 100.00 level. Meanwhile, resistance is lowered to 103.00/20 congestion which is expected to cap. Above the 104.40 high, if seen, will see room to the 105.00/106.00, April 2024 high and congestion area.