Published: 2026-01-08T06:59:25.000Z
Chart AUD/JPY Update: Settling back from 105.95 high
1
Extending rejection from fresh high at 105.95 as prices unwind overbought daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 108.00 | * | congestion | S1 | 104.40 | ** | 9 Dec high | |
| R3 | 107.00 | * | congestion | S2 | 104.00 | * | congestion | |
| R2 | 105.95/00 | ** | 7 Jan high, congestion | S3 | 103.00 | * | congestion | |
| R1 | 105.22 | * | Dec 2025 year high | S4 | 102.50/00 | ** | Nov high, congestion |
Asterisk denotes strength of level
06:50 GMT - Extending rejection from fresh high at 105.95 as prices unwind overbought daily studies. Pullback below the 2025 year high at 105.22 and the 105.00 level opens up room for deeper pullback to retrace gains from the October low. Lower see room to strong support at the 104.40/104.00 area. Failure to hold this will fade the upside pressure and see room for deeper correction to 103.00 congestion and 102.50/00 area. Meanwhile, resistance at the 105.22/105.95 highs are expected to cap. Break here, if seen, will open up room for extension to the 107.00/108.00 congestion area.