Published: 2025-07-08T07:29:30.000Z
Chart AUD/JPY Update: Extending gains
Technical Analyst
2
Further extend the April gains to retest the 95.50, December high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 97.30 | * | Feb high | S1 | 94.00 | * | congestion | |
| R3 | 97.00 | * | congestion | S2 | 93.20/00 | * | congestion | |
| R2 | 96.15 | * | 61.8% Nov/Apr fall | S3 | 92.30/00 | ** | 13 Jun low, congestion | |
| R1 | 95.50 | ** | Dec low | S4 | 91.65 | * | 23 May low |
Asterisk denotes strength of level
07:20 GMT - Further extend the April gains to retest the 95.50, December high. Clearance here will further retrace the November/April losses and see room to the 96.15, 61.8% Fibonacci level. Daily studies have turned mixed and suggest reaction here likely. Clearance here, if seen, will see scope to target the 97.00 congestion then 97.30 February high. Meanwhile, support remains at the 94.30/94.00 area which should underpin. Would take break here to fade the upside pressure and open up room for deeper pullback to the 93.20/93.00 support.