Published: 2025-10-23T07:02:27.000Z
Chart AUD/JPY Update: Extending gains
1
Sharply higher to reach the 99.00 level as prices extend gains from the 96.25 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 101.50 | * | 20 Nov high | S1 | 98.42 | * | Sep high | |
| R3 | 100.95 | ** | 9 Oct YTD high | S2 | 97.40/00 | ** | Jul high, congestion | |
| R2 | 100.00 | * | figure | S3 | 96.25 | * | 17 Oct low | |
| R1 | 99.50 | * | congestion | S4 | 95.60 | ** | May high |
Asterisk denotes strength of level
07:00 GMT - Sharply higher to reach the 99.00 level as prices extend gains from the 96.25 low. Higher will see room to resistance at the 99.50 congestion and the 100.00 figure. Positive daily studies suggest scope for break of these to expose the 100.95 current year high to retest but where reaction can be expected. Meanwhile, support is raised to 98.42/98.00 area which should underpin. Only below here will ease the upside pressure and see scope for deeper pullback to retest strong support at the 97.40/97.00 area.