Published: 2025-07-08T01:03:18.000Z
Chart USD/JPY Update: Pressuring 146.00/55 resistance
Technical Analyst
3
Consolidation below 145.00/26 resistance has given way to break higher to extend gains from the 142.68 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | ** | Jun high | S1 | 145.00 | * | congestion | |
| R3 | 147.00 | figure | S2 | 144.00 | * | congestion | ||
| R2 | 146.55 | ** | Mar low | S3 | 142.68 | ** | 1 Jul low | |
| R1 | 146.00 | * | congestion | S4 | 142.10/00 | ** | May low, congestion |
Asterisk denotes strength of level
00:50 GMT - Consolidation below 145.00/26 resistance has given way to break higher to extend gains from the 142.68 low of last week. Gains has reached strong resistance at the 146.00/146.55, congestion and March low, which is expected to cap. Clearance, if seen, will return focus to the June and May highs at 148.00/148.65. Meanwhile, support is raised to the 145.00 congestion which should underpin. Below this will return focus to the downside for retest of the 144.00 congestion then the 142.80/142.68 lows.