Published: 2025-11-05T07:36:05.000Z
Chart AUD/JPY Update: Room for deeper pullback from 101.00/20 highs
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No follow-through on break of the 99.50 support following bounce from 98.82 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 103.00 | congestion | S1 | 99.50 | * | congestion | ||
| R3 | 102.40 | ** | 7 Nov 2024 high | S2 | 98.40 | * | 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
07:30 GMT - No follow-through on break of the 99.50 support following bounce from 98.82 low. Negative daily studies suggest consolidation above 99.50 support giving way to renewed selling pressure later to extend rejection from the 101.20 current year high and channel resistance from the July 2024 year high. Lower will see room to support at 98.40 and 97.40, September and July highs. Below these will open up room for deeper pullback to retrace the April/October rally. Meanwhile, resistance at the 101.00/20, October current year highs expected to cap.