Published: 2025-06-20T01:05:07.000Z
Chart USD/JPY Update: Extending gains, room to 146.00/55 resistance
Technical Analyst
1
Edging higher above the 145.00 level to extend gains from the 142.79 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | * | congestion | S1 | 144.32/00 | * | 18 Jun low, congestion | |
| R3 | 147.00/10 | * | congestion, 38.2% | S2 | 142.79 | ** | 13 Jun low | |
| R2 | 146.55 | ** | Mar low | S3 | 142.10/00 | ** | 27 May low, congestion | |
| R1 | 146.00 | * | congestion | S4 | 141.00 | * | congestion |
Asterisk denotes strength of level
01:00 GMT - Edging higher above the 145.00 level to extend gains from the 142.79 low of last week. Daily studies continues to track higher and suggest room for extension to the strong resistance at the 146.00/146.55 area which is expected to cap. Clearance, if seen, will open up room to 147.10, 38.2% Fibonacci level. Meanwhile, support is raised to the 144.32/00 area to sustain gains from 142.79 low. Break will return focus to the downside for retest of the series of higher lows at 142.79 low of last week and extending to the 142.10, May low.