Published: 2025-08-04T07:46:50.000Z
Chart AUD/JPY Update: Consolidating above 95.00, lower later
Technical Analyst
1
Turned up in consolidation just above the 95.00 level as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 98.55 | * | 76.4% Nov/Apr fall | S1 | 95.00 | * | congestion | |
| R3 | 98.00 | * | congestion | S2 | 94.00 | * | congestion | |
| R2 | 97.40 | ** | 15 Jul high | S3 | 93.00 | * | congestion | |
| R1 | 96.00 | * | congestion | S4 | 92.00 | ** | congestion |
Asterisk denotes strength of level
07:40 GMT - Turned up in consolidation just above the 95.00 level as prices unwind oversold intraday studies following sharp pullback from the 97.40 resistance. Daily studies are unwinding overbought readings and suggest consolidation giving way to renewed selling pressure later. Lower will see room for deeper pullback to the 94.00 congestion. Meanwhile, resistance is lowered to the 96.00 congestion which is expected to cap and sustain losses from the 97.30/97.40 highs.