Published: 2026-05-15T06:49:14.000Z
Chart AUD/JPY Update: Backed off from retest of 114.70 high
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Settled back from retest of the current year high at 114.70 as prices unwind overbought intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 118.00 | ** | congestion | S1 | 113.00 | * | congestion | |
| R3 | 116.00 | * | congestion | S2 | 112.00 | * | congestion | |
| R2 | 115.00 | * | congestion | S3 | 111.30 | ** | 30 Apr low | |
| R1 | 114.70 | ** | 28 Apr YTD high | S4 | 110.80 | * | 9 Feb high |
Asterisk denotes strength of level
06:40 GMT - Settled back from retest of the current year high at 114.70 as prices unwind overbought intraday and daily studies. Return below the 114.00 level see room for pullback to sypport at the 113.00/112.00 congestion area. Below this will expose the 111.30 low of 30 April to retest. Break here will confirm a double top at the 1147.70 highs and see room for deeper pullback to support at 110.80 and 110.00 congestion. Meanwhile, break above the 114.70 high will further extend the gains from the April 2025 year low to the 115.00/116.00 congestion.