Published: 2025-05-21T00:38:00.000Z
Chart USD/JPY Update: Still heavy, 144.00 support at risk
Technical Analyst
3
Prices remain under pressure to extend rejection from the 148.65 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | * | congestion | S1 | 144.00 | ** | congestion, 25 Apr high | |
| R3 | 146.55 | * | Mar low | S2 | 142.35 | * | 6 May low | |
| R2 | 146.00 | * | congestion | S3 | 142.00 | * | congestion | |
| R1 | 145.50 | 20 May high | S4 | 141.00 | * | intraday congestion |
Asterisk denotes strength of level
00:30 GMT - Prices remain under pressure to extend rejection from the 148.65 high of last week and see support at 144.00 under threat. Negative intraday and daily studies suggest consolidation here expected to give way to selling pressure to open up 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 145.50 high of Tuesday and this extend to the 146.00/146.55 area. The latter is expected to cap corrective bounce and sustain losses from 148.65 swing high.