Published: 2025-12-23T07:20:38.000Z
Chart AUD/JPY Update: Consolidating gains to 104.60 fresh year high
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Settled back from the 104.60 fresh year high as price unwind overbought intraday studies
| 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 | ** | Nov high, congestion | |
| R1 | 104.60 | ** | 22 Dec YTD high | S4 | 101.20/00 | ** | Oct highs |
Asterisk denotes strength of level
07:15 GMT - Settled back from the 104.60 fresh year high as price unwind overbought intraday studies. Bullish price action keeps focus on the upside and see room for break to further extend gains from the April YTD low. Clearance will see room for 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 strong support at the 103.00 congestion and 102.40/00 area.