Published: 2025-09-08T06:48:19.000Z
Chart AUD/JPY Update: Extending gains
Technical Analyst
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Break of the 96.85 resistance see prices extending gains to retest the July high at 97.40
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 98.75 | * | 24 Jan high | S1 | 96.85 | * | 12 Aug high | |
| R3 | 98.50 | * | 76.4% Nov/Apr fall | S2 | 96.30/00 | * | 5 Sep low, congestion | |
| R2 | 98.00 | * | congestion | S3 | 95.60 | ** | May high | |
| R1 | 97.40 | ** | Jul high | S4 | 95.00 | * | congestion |
Asterisk denotes strength of level
06:30 GMT - Break of the 96.85 resistance see prices extending gains to retest the July high at 97.40. Clearance here will further extend the April gains to retrace losses from the November and see room to target resistance at the 98.00 congestion. Higher still, will see room to the 98.50, 76.4% Fibonacci level. Meanwhile, support is raised to the 12 August high at 96.85 then the 96.30/96.00 area, which is expected to underpin and sustain gains from the 94.40, August swing low.