Published: 2025-02-27T01:00:29.000Z
Chart USD/JPY Update: Range-bound above 148.56 low
Technical Analyst
2
Little change, as prices extend consolidation above Tuesday's 148.56 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 152.55 | * | 200-day MA | S1 | 148.56 | * | 25 Feb YTD low | |
| R3 | 152.00 | * | congestion | S2 | 148.00 | * | congestion | |
| R2 | 150.73/00 | ** | 21 Feb high, congestion | S3 | 147.35 | * | 8 Oct low | |
| R1 | 150.00 | * | congestion | S4 | 146.95 | * | 61.8% Sep/Jan rally |
Asterisk denotes strength of level
00:50 GMT - Little change, as prices extend consolidation above Tuesday's 148.56 low. The resulting inside range and negative daily studies keeps pressure on the downside and suggest risk for break here to extend losses from the January high. Lower will see room to the 148.00 level. Below this will see room for extension to the 147.35 support then 146.95, 61.8% Fibonacci level. Meanwhile, resistance at the 150.00 congestion expected to cap. Clearance here is needed to ease the downside pressure and see room for stronger bounce to unwind oversold daily studies.