Published: 2025-06-25T01:06:01.000Z
Chart USD/JPY Update: Under pressure
Technical Analyst
-
Edged up from the 144.51 low to consolidate at the 145.00 level as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | ** | 23 Jun high | S1 | 144.51 | 24 Jun low | ||
| R3 | 147.00/10 | * | congestion, 38.2% | S2 | 144.00 | * | congestion | |
| R2 | 146.00/55 | * | congestion, Mar low | S3 | 142.79 | ** | 13 Jun low | |
| R1 | 145.45 | * | 11 Jun high | S4 | 142.10/00 | ** | May low, congestion |
Asterisk denotes strength of level
01:00 GMT - Edged up from the 144.51 low to consolidate at the 145.00 level as prices unwind oversold intraday studies. Daily studies are unwinding overbought readings and suggest room to extend losses from the 148.00 high. Lower will see room to 144.00 congestion and where break will turn focus to the strong support at 142.79 and extending to the 142.00 congestion. Meanwhile, resistance is at the 11 June high at 145.45 and this extend to the 146.00/146.55 congestion which is expected to cap.