Published: 2025-04-07T01:09:09.000Z
Chart USD/JPY Update: Consolidating at 145.00/144.55 support
Technical Analyst
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Lower at the opening to retest the 145.00 level but prices remains above the 144.55 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | * | congestion | S1 | 145.00 | * | congestion | |
| R3 | 148.70 | * | 31 Mar low | S2 | 144.55 | ** | 4 Apr YTD low | |
| R2 | 148.00 | * | congestion | S3 | 144.15 | * | 76.4% Sep/Jan rally | |
| R1 | 146.54 | * | 11 Mar low | S4 | 143.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Lower at the opening to retest the 145.00 level but prices remains above the 144.55 low as prices consolidate sharp losses from the 151.00/150.00 resistance. Bounce see resistance starting at the 146.00 level then the 146.54 March low which is expected to cap. Break here, if seen, will see room for stronger bounce to the 148.00 congestion. Meanwhile, support at the 145.00 congestion and 144.55 low now underpin. A later break here will open up room for extension to the 144.15, 76.4% Fibonacci level. Lower still will see room for further losses to the 143.00/142.00 congestion area.