Published: 2025-05-28T00:57:38.000Z
Chart USD/JPY Update: Room to extend bounce
Technical Analyst
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Consolidation above the 142.00 support has given way to rebound from the 142.10 low to reach 144.45 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 146.55 | ** | Mar low | S1 | 143.00 | * | congestion | |
| R3 | 146.00 | * | congestion | S2 | 142.10/00 | * | 27 May low. congestion | |
| R2 | 145.50 | * | 20 May high | S3 | 141.00 | * | congestion | |
| R1 | 144.45 | 27 May high | S4 | 140.00/88 | ** | figure, 22 Apr YTD low |
Asterisk denotes strength of level
00:50 GMT - Consolidation above the 142.00 support has given way to rebound from the 142.10 low to reach 144.45 high. Consolidation here see prices unwinding the overbought intraday studies but stronger gains cannot be ruled out. Higher will open up room to the 146.00 congestion then the strong resistance at 146.55 March low which is expected to cap. Meanwhile, support is raised to the 143.00 congestion. Below this will expose the 142.10/00 support to retest. Break here return focus to the downside and see scope to retest 140.00/139.88, figure and 22 April YTD low.