Published: 2025-04-11T01:04:47.000Z
Chart USD/JPY Update: Extending losses
Technical Analyst
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Consolidation within the 146.00/148.00 area has given way to renewed selling pressure to reach fresh low below the 144.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | ** | congestion | S1 | 142.87 | intraday low | ||
| R3 | 146.54 | ** | Mar low | S2 | 142.00 | * | congestion | |
| R2 | 146.00 | * | congestion | S3 | 140.25 | * | Dec 2023 low | |
| R1 | 144.55 | * | 4 Apr low | S4 | 139.58 | ** | Sep 2024 year low |
Asterisk denotes strength of level
01:00 GMT - Consolidation within the 146.00/148.00 area has given way to renewed selling pressure to reach fresh low below the 144.00 level. Prices has since steadied at the 142.87 low to consolidate at the lower channel from the January high. However, the downside still vulnerable and lower will see room to the 142.00 congestion. Oversold intraday and daily studies suggest consolidation here likely before further extension to the 140.00 figure and 139.58, September 2024 year low. Meanwhile, support is lowered to 144.55 low of last week and extending to the 146.00 congestion area.