Published: 2025-07-23T13:25:03.000Z
Chart USD/JPY Update: Room for lower
Senior Technical Strategist
2
Anticipated losses have met buying interest just above support at 146.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | ** | congestion | S1 | 146.00 | * | break level | |
| R3 | 149.35 | ** | 50% ret of Jan-Apr fall | S2 | 145.00 | * | congestion | |
| R2 | 148.00 | ** | break level | S3 | 144.00 | * | congestion | |
| R1 | 147.00 | congestion | S4 | 143.00 | * | congestion |
Asterisk denotes strength of level
14:10 BST - Anticipated losses have met buying interest just above support at 146.00, as oversold intraday studies unwind, with prices currently trading around 146.50. Daily readings continue to point lower and overbought weekly stochastics are flattening, suggesting room for still further losses in the coming sessions. A break below 146.00 will add weight to sentiment and extend mid-July losses towards congestion around 145.00. Meanwhile, resistance remains at congestion around 147.00. But a close above 148.00 would turn sentiment neutral and prompt consolidation beneath critical resistance at the 149.35 Fibonacci retracement.