Published: 2025-06-30T13:08:53.000Z
Chart USD/JPY Update: Consolidating - daily studies under pressure
Senior Technical Strategist
2
Still little change
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.50 | ** | 76.4% ret of Mar-Apr fall | S1 | 144.00 | * | congestion | |
| R3 | 148.00 | ** | break level | S2 | 142.80 | * | 13 Jun (w) low | |
| R2 | 146.00 | * | break level | S3 | 142.00/10 | ** | cong; 27 May (m) low | |
| R1 | 145.00 | * | congestion | S4 | 140.00 | ** | congestion |
Asterisk denotes strength of level
14:00 BST - Still little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation/choppy trade above congestion support at 144.00. Daily readings continue to track lower, highlighting room for a later break back below here. But rising weekly charts are expected to limit initial scope in consolidation above the 142.80 weekly low of 13 June, before negative monthly charts prompt further losses. Meanwhile, a close above congestion resistance at 145.00, if seen, would help to stabilise price action and prompt consolidation beneath 146.00.