Published: 2025-07-22T01:09:03.000Z
Chart USD/JPY Update: Under pressure, room to retest 147.00/146.90 support
Technical Analyst
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Consolidation below the 149.00 level has given way to deeper pullback
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | ** | figure, congestion | S1 | 147.00 | congestion | ||
| R3 | 149.40 | * | 50% Jan/Apr fall | S2 | 146.55 | * | Mar low | |
| R2 | 149.00/18 | ** | congestion, 16 Jul high | S3 | 146.00 | ** | congestion | |
| R1 | 148.00 | * | congestion, Jun high | S4 | 145.20/00 | * | 3 Jul high, congestion |
Asterisk denotes strength of level
01:00 GMT - Consolidation below the 149.00 level has given way to deeper pullback as prices unwind overbought intraday and daily studies. Below the 148.00 level opens up room for retest of support at the 147.00/146.90 area. Break here will see room for deeper pullback to the strong support at the 146.55/146.00 area. Failure to hold this will return focus to the downside to the 142.68 and 142.10 lows. Meanwhile, resistance is lowered to the 148.00 level which is expected to cap and sustain losses from the 149.18 high.