Published: 2025-05-22T00:32:42.000Z
Chart USD/JPY Update: Consolidating, lower later
Technical Analyst
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Steadied at the 143.28 mid-week low as prices consolidate losses from the 148.65 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | * | congestion | S1 | 143.28 | 21 May low | ||
| R3 | 146.55 | * | Mar low | S2 | 142.35 | * | 6 May low | |
| R2 | 146.00 | * | congestion | S3 | 142.00 | * | congestion | |
| R1 | 145.00 | congestion | S4 | 141.00 | * | intraday congestion |
Asterisk denotes strength of level
00:30 GMT - Steadied at the 143.28 mid-week low as prices consolidate losses from the 148.65 high of last week and unwind the stretched intraday studies. Daily studies are still tracking lower and suggest consolidation here giving way to selling pressure later. Lower will see room for extension to support at 142.35/142.00 congestion area. Below this will return focus to the 140.00, April YTD low. Meanwhile, resistance is lowered to the 145.00/145.50 area which is expected to cap corrective bounce and sustain losses from 148.65 swing high.