Published: 2025-07-11T06:31:10.000Z
Chart AUD/JPY Update: Extending gains
Technical Analyst
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Extending bullish gains from 92.00 level and break above the 96.15 Fibonacci level see room to the 97.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 98.30 | ** | upper channel | S1 | 95.50 | ** | May high, congestion | |
| R3 | 98.00 | * | congestion | S2 | 94.80 | * | 17 Jun high | |
| R2 | 97.30 | * | Feb high | S3 | 94.00 | * | congestion | |
| R1 | 97.00 | * | congestion | S4 | 93.20 | * | congestion |
Asterisk denotes strength of level
06:25 GMT - Extending bullish gains from 92.00 level and break above the 96.15 Fibonacci level see room to the 97.00 level. Daily studies remains positive and higher will see scope to retest the 97.30, February high. Beyond this will see scope to 98.00 level then 98.30, upper channel of the August/April lows. Meanwhile, support is raised to the 95.50 congestion and May high which should 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.