Published: 2025-07-04T01:02:48.000Z
Chart USD/JPY Update: Turned up from 142.68 low
Technical Analyst
-
Consolidation above the 142.68 low has given way to rebound as price unwind oversold daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | ** | Jun high | S1 | 144.00 | * | congestion | |
| R3 | 146.55 | ** | Mar low | S2 | 142.68 | * | 1 Jul low | |
| R2 | 146.00 | * | congestion | S3 | 142.10/00 | ** | May low, congestion | |
| R1 | 145.00/26 | * | congestion, 26 Jun high | S4 | 139.88 | ** | 22 Apr YTD low |
Asterisk denotes strength of level
00:50 GMT - Consolidation above the 142.68 low has given way to rebound as price unwind oversold daily studies to reach resistance at the 145.00/26 area. Break here will open up room to the strong resistance at the 146.00 level and 146.55, Mar low. These are expected to cap and give way to renewed selling pressure later. Meanwhile, support is raised to the 144.00 congestion which should underpin. Would take break here to return focus to the downside for retest of the 142.80/142.68 lows. Below these will see room to retest strong support at the 142.10/00 congestion and May low.