Published: 2025-07-15T07:16:02.000Z
Chart AUD/JPY Update: Consolidating, still room to extend gains
Technical Analyst
1
Little change, as prices extend consolidation below the 97.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 98.55 | * | 76.4% Nov/Apr fall | S1 | 96.00 | * | congestion | |
| R3 | 98.30 | ** | upper channel | S2 | 95.50 | ** | May high, congestion | |
| R2 | 98.00 | * | congestion | S3 | 94.80 | * | 17 Jun high | |
| R1 | 97.30 | * | Feb high | S4 | 94.00 | * | congestion |
Asterisk denotes strength of level
07:10 GMT - Little change, as prices extend consolidation below the 97.00 level and unwind overbought intraday studies. Daily studies remains positive with bullish momentum suggesting scope to retest the 97.30, February high. Beyond this, will see scope to 98.00/98.30, congestion and equidistant channel from the August/April lows. Meanwhile, support is at the 96.00 congestion and extending to 95.50 May high which is expected to underpin. Would take break here to fade the upside pressure and see deeper pullback to retrace gains from the 92.00 level.