Published: 2025-11-04T07:04:17.000Z
Chart AUD/JPY Update: Leaning lower from the 101.20 current year high
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Settling back from the 101.20 current year high and resistance of the equidistant channel from the July 2024 year high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 103.00 | congestion | S1 | 99.50 | * | congestion | ||
| R3 | 102.40 | ** | 7 Nov 2024 high | S2 | 98.42 | * | Sep high | |
| R2 | 101.50 | * | 20 Nov 2024 high | S3 | 97.40/00 | ** | Jul high, congestion | |
| R1 | 101.20 | * | 30 Oct YTD high | S4 | 96.25 | * | Oct low |
Asterisk denotes strength of level
07:00 GMT - Settling back from the 101.20 current year high and resistance of the equidistant channel from the July 2024 year high. Pullback see prices unwinding overbought intraday and daily studies and retracing gains from the 96.25, October low. Support is at the 100.00/99.50 congestion and break here needed to open up room for deeper pullback to strong support at the 98.40 and 97.40, September/July highs. Meanwhile, resistance at 101.00/101.20, October current year highs now expected to cap.