Published: 2025-07-25T07:15:30.000Z
Chart AUD/JPY Update: Supported at the 96.00/95.50 area
Technical Analyst
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Turned up from test of of strong support at the 96.00/95.50 congestion and May high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 99.00/15 | ** | congestion, Jan YTD high | S1 | 96.00 | * | congestion | |
| R3 | 98.55 | * | 76.4% Nov/Apr fall | S2 | 95.50 | ** | May high, congestion | |
| R2 | 98.00 | * | congestion | S3 | 94.80 | * | 17 Jun high | |
| R1 | 97.30 | * | Feb high | S4 | 94.00 | * | congestion |
Asterisk denotes strength of level
07:10 GMT - Turned up from test of of strong support at the 96.00/95.50 congestion and May high. Bullish prices action and the resulting flag pattern suggest scope for retest of the 97.30 resistance. Clearance here will further extend the April gains and see extension to target 98.00 congestion and equidistance channel of the August/April lows. Meanwhile, support at the 96.00/95.50 area underpin. Would take break here to fade the upside pressure and see deeper pullback to retrace gains from the 92.00 level.