Published: 2025-07-24T01:00:26.000Z
Chart USD/JPY Update: Consolidating at 146.55/146.00 support, lower later
Technical Analyst
1
Consolidating test of support at the 146.55/146.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 149.40 | * | 50% Jan/Apr fall | S1 | 146.00 | ** | congestion | |
| R3 | 149.00/18 | ** | congestion, 16 Jul high | S2 | 145.20/00 | * | 3 Jul high, congestion | |
| R2 | 148.00 | * | congestion | S3 | 144.00 | * | congestion | |
| R1 | 147.00/08 | * | congestion, 21 Jul low | S4 | 142.68 | ** | 1 Jul low |
Asterisk denotes strength of level
00:55 GMT - Consolidating test of support at the 146.55/146.00 area as prices unwind oversold intraday studies. However, pressure remains on the downside with negative daily studies suggesting this giving way to break later. Lower will open up room for extension to support at the 145.20/00 area. Below this will see further extension to the 144.00 level and the 142.68, 1st July low. Meanwhile, resistance remains at the 147.00/08 area which is expected to cap and sustain losses from the 149.18 high.