Published: 2025-07-14T07:55:03.000Z
Chart AUD/JPY Update: Still room to extend gains
Technical Analyst
1
Lower in consolidation from test of 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
07:50 GMT - Lower in consolidation from test of the 97.00 level as prices 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 level then 98.30, equidistant channel of the August/April lows. Meanwhile, support is at the 96.60 congestion and extending to 95.50 May high which is expected to underpin. Would take break here to fade the upside pressure and open up room for deeper pullback to support at 94.00/93.20 congestion.