Published: 2025-03-06T01:19:54.000Z
Chart USD/JPY Update: Consolidating at 148.55/148.00 support
Technical Analyst
1
Leaning lower in consolidation from the 151.30 bounce high to pressure the 148.55/148.00 February low and congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 152.55 | * | 200-day MA | S1 | 148.55 | * | Feb low | |
| R3 | 152.00 | * | congestion | S2 | 148.00 | * | congestion | |
| R2 | 151.00/30 | ** | congestion, 3 Mar high | S3 | 147.35 | * | 8 Oct low | |
| R1 | 150.00 | * | congestion | S4 | 146.95 | * | 61.8% Sep/Jan rally |
Asterisk denotes strength of level
01:10 GMT - Leaning lower in consolidation from the 151.30 bounce high to pressure the 148.55/148.00 February low and congestion. Consolidation here see prices unwinding oversold intraday studies but this is expected to give way to break later to extend losses from the 158.87, January YTD high. Lower will see room to the 148.00 congestion then the 147.35/146.95 support and 61.8% Fibonacci level. Meanwhile, resistance is at the 150.00 congestion which is expected to sustain losses from the 151.00/30 resistance.