Published: 2025-12-04T07:31:44.000Z
Chart AUD/JPY Update: Extending gains to fresh year high
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Break of the 102.00/40 resistance see prices reaching fresh year high and see room to the 103.00 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 106.00 | * | congestion | S1 | 102.00 | * | congestion | |
| R3 | 104.50/00 | * | congestion, Apr 2024 high | S2 | 101.20/00 | ** | Oct highs | |
| R2 | 103.85 | * | 76.4% 2024/Apr fall | S3 | 100.00 | * | congestion | |
| R1 | 103.00 | * | congestion | S4 | 98.80 | ** | 5 Nov low |
Asterisk denotes strength of level
07:25 GMT - Break of the 102.00/40 resistance see prices reaching fresh year high and see room to the 103.00 congestion. Break here will see room to further retrace losses from the July 2024 year high to target 103.85, 76.4% Fibonacci level. Higher still, if seen, will open up room to the 104.50/105.00 congestion and the April 2024 high. Meanwhile, support is raised to the 102.00 congestion which extend to the 101.20/00, October highs. This area should now underpin and only below this will fade the upside pressure and see room for deeper pullback to the 100.00/98.80 area.