Published: 2025-09-16T07:29:35.000Z
Chart AUD/JPY Update: Lower in consolidation beneath 98.60 resistance
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Settling back in consolidation just beneath resistance at 98.60, 2022 and 2023 year highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 100.00 | * | figure | S1 | 97.40/00 | * | Jul high, congestion | |
| R3 | 99.50 | * | congestion | S2 | 96.00 | * | congestion | |
| R2 | 99.00/15 | ** | congestion, 7 Jan YTD high | S3 | 95.60 | ** | May high | |
| R1 | 98.60 | ** | 2022/2023 year highs | S4 | 95.00 | * | congestion |
Asterisk denotes strength of level
07:20 GMT - Settling back in consolidation just beneath resistance at 98.60, 2022 and 2023 year highs. Prices are unwinding overbought intraday and daily studies, suggesting room for pullback to support at 97.40/97.00, July high and congestion area. Break here will turn focus to the downside and see deeper pullback to retrace rally from the 94.40 low of August to the 96.00 congestion and 95.60, May high. Meanwhile, resistance at 98.60 is expected to cap. Clearance, if seen, will open up room to 99.00/99.50 congestion.