Published: 2025-07-03T00:59:47.000Z
Chart USD/JPY Update: Consolidating, room for lower later
Technical Analyst
4
Edged up from test of the 144.00/143.75 support as prices consolidate losses from the 148.00 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 146.55 | ** | Mar low | S1 | 142.68 | * | 1 Jul low | |
| R3 | 146.00 | * | congestion | S2 | 142.10/00 | ** | May low, congestion | |
| R2 | 145.00/26 | * | congestion, 26 Jun high | S3 | 141.00 | figure | ||
| R1 | 144.00 | * | congestion | S4 | 139.88 | ** | 22 Apr YTD low |
Asterisk denotes strength of level
00:50 GMT - Edged up from test of the 144.00/143.75 support as prices consolidate losses from the 148.00 high of last week. Bearish structure from the latter keeps pressure firmly on the downside and lower will see room to retest strong support at the 142.10/00 congestion and May low. Meanwhile, resistance is at the 144.00 congestion which is expected to cap. Gains above here, will ease the downside pressure and see room for stronger bounce to resistance at the 144.50/145.00 congestion and 145.26, 26 June high.