Published: 2025-02-21T07:01:48.000Z
Chart AUD/JPY Update: Leaning lower in consolidation
Technical Analyst
-
No follow-through on break of the 95.50 support with bounce consolidating losses from the 97.33 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 99.17 | ** | 7 Jan YTD high | S1 | 95.50 | * | Dec low | |
| R3 | 98.77 | * | 24 Jan high | S2 | 95.00 | * | congestion | |
| R2 | 98.00 | * | congestion | S3 | 94.30 | ** | 10 Feb YTD low | |
| R1 | 97.00/33 | ** | congestion, 12 Feb high | S4 | 94.00 | * | congestion |
Asterisk denotes strength of level
07:00 GMT - No follow-through on break of the 95.50 support with bounce consolidating losses from the 97.33 high of last week. The latter expected to cap and keep pressure on the downside for retest of the 95.50/95.00 support. Break here will return focus to the 94.30 low. Below this will extend the broader losses from the November high and see room for retest of the strong support at the 94.00/93.60, September low. Meanwhile, resistance at the 97.00/33 area expected to cap and keep pressure on the downside.