Published: 2025-11-11T07:38:48.000Z
Chart AUD/JPY Update: Poised for retest of 101.00/20 highs
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Bounce from the 98.82 low has seen gains to approach resistance at the 101.00/20 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 103.00 | * | congestion | S1 | 99.50 | congestion | ||
| R3 | 102.40 | ** | Nov 2024 high | S2 | 98.82 | * | 5 Nov low | |
| R2 | 101.50 | * | congestion | S3 | 98.40 | * | Sep high | |
| R1 | 101.20 | ** | 30 Oct YTD high | S4 | 97.40/00 | ** | Jul high, congestion |
Asterisk denotes strength of level
07:35 GMT - Bounce from the 98.82 low has seen gains to approach resistance at the 101.00/20 highs. Positive daily and weekly studies suggest scope to break here and channel resistance from July 2024 year high. Clearance will further extend the April gains and see extension to the 101.50 congestion then the 102.40 high of November 2024. Meanwhile, support at the 99.50 congestion and extending to the 98.82 low of last week now expected to underpin. Would take break here to see deeper pullback to strong support at 98.40/97.40, the September/July highs.