Published: 2025-11-03T07:39:45.000Z
Chart AUD/JPY Update: Consolidating at 101.20 current year high, room for higher
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Extending consolidation below 101.20 current year high as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 103.00 | congestion | S1 | 99.50 | * | congestion | ||
| R3 | 102.40 | ** | 7 Nov 2024 high | S2 | 98.42 | * | Sep high | |
| R2 | 101.50 | * | 20 Nov 2024 high | S3 | 97.40/00 | ** | Jul high, congestion | |
| R1 | 101.20 | * | 30 Oct YTD high | S4 | 96.25 | * | 17 Oct low |
Asterisk denotes strength of level
07:35 GMT - Extending consolidation below 101.20 current year high as prices unwind overbought intraday studies. Daily studies are stretched as well but pressure remains on the upside and potential is seen for break later. Higher will see room to the 101.50 resistance then the 102.40, November 2024 high. Meanwhile, support is at the 100.00/99.50 congestion area. Would take break of this area to fade the upside pressure and see room for deeper pullback to the strong support at 98.40/97.40, September/July highs.