Published: 2025-12-22T07:33:46.000Z
Chart AUD/JPY Update: Pressuring 104.40 high
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Break above 103.00 has seen rally through the 104.00 level to retest 104.40 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 107.00 | * | congestion | S1 | 104.00 | * | congestion | |
| R3 | 106.00 | * | congestion | S2 | 103.00 | * | congestion | |
| R2 | 105.00 | * | congestion, Apr 2024 high | S3 | 102.40/00 | ** | congestion | |
| R1 | 104.40 | ** | 9 Dec YTD high | S4 | 101.20/00 | ** | Oct highs |
Asterisk denotes strength of level
07:25 GMT - Break above 103.00 has seen rally through the 104.00 level to retest 104.40 high. Bullish price action keeps pressure on the upside and see room for break to further extend gains from the April YTD low. Clearance will see extension to the 105.00/106.00, April 2024 high and congestion area. However, overbought daily and weekly studies caution corrective pullback with support now raised to 104.00 level. Below this will see room for pullback to support at the 103.00 congestion and 102.40/00 area.