Published: 2025-06-06T13:14:26.000Z
Chart USD/JPY Update: Edging higher
Senior Technical Strategist
1
The anticipated test of 144.00 is extending in JPY-driven trade
| 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 | 142.00 | ** | congestion | |
| R2 | 146.00 | * | break level | S3 | 140.50 | ** | 61.8% ret of 2023-2024 rally | |
| R1 | 145.00 | * | congestion | S4 | 140.00 | congestion |
Asterisk denotes strength of level
13:55 BST - The anticipated test of 144.00 is extending in JPY-driven trade, with prices currently trading around 144.60. Rising intraday studies highlight room for a test of congestion resistance at 145.00, with positive daily readings pointing to potential for extension beyond here towards 146.00. However, mixed weekly charts are expected to limit any initial tests in consolidation. Meanwhile, a break back below 144.00, if seen, will turn sentiment neutral once again and prompt consolidation above congestion support at 142.00.