Published: 2025-04-11T06:19:12.000Z
Chart AUD/JPY Update: Limited gains above 90.12 resistance
Technical Analyst
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Rejection from the 91.30 bounce high see prices retracing bounce from the 86.05 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 93.05 | * | 31 Mar low | S1 | 88.00 | * | congestion | |
| R3 | 91.85/00 | ** | Mar low, congestion | S2 | 86.05 | ** | Mar 2023 year low | |
| R2 | 91.30 | ** | 9 Apr high | S3 | 85.50 | * | congestion | |
| R1 | 90.12 | * | Aug 2024 year low | S4 | 84.65 | * | 50% 2020/2024 rally |
Asterisk denotes strength of level
06:10 GMT - Rejection from the 91.30 bounce high see prices retracing bounce from the 86.05 support. Daily studies remains mixed and a stronger corrective bounce cannot be ruled out though above the 91.30 high see strong resistance at the 91.85/92.00, March low and congestion area. The latter expected to cap and sustain losses from the 95.50/95.75, March highs. Meanwhile, support is at the 88.00 level and break here will expose the 86.05 low to retest and further retrace the broader 2020/2024 rally to the 84.65, 50% Fibonacci level.