Published: 2025-06-24T01:02:56.000Z
Chart USD/JPY Update: Extending rejection from 148.00 high
Technical Analyst
4
Break above strong resistance at the 146.00/146.55 area has seen sharp gains to reach the 148.00 level before retracing back to the 146.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.65 | ** | 12 May high | S1 | 145.46 | * | 11 Jun high | |
| R3 | 148.00 | * | congestion | S2 | 145.00 | * | congestion | |
| R2 | 147.00/10 | * | congestion, 38.2% | S3 | 144.00 | * | congestion | |
| R1 | 146.55 | ** | Mar low | S4 | 142.79 | ** | 13 Jun low |
Asterisk denotes strength of level
01:00 GMT - Break above strong resistance at the 146.00/146.55 area has seen sharp gains to reach the 148.00 level before retracing back to the 146.00 level. Follow-through here open up room for deeper pullback to retrace gains from the 142.79 low. Lower will see room to support at 145.46 and the 145.00 congestion. Would take break of the latter to return focus to the 144.00 congestion and the April trend line at 143.60. Meanwhile, resistance is at the 146.55 March low is expected to cap and sustain losses from the 148.00 high.