Published: 2025-03-19T00:57:25.000Z
Chart USD/JPY Update: Consolidating test of 150.00
Technical Analyst
1
Settled back in consolidation following test of the 150.00 level as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 153.00/15 | * | congestion, 14 Feb high | S1 | 149.00 | * | congestion | |
| R3 | 152.00 | * | congestion | S2 | 148.55 | * | Feb low | |
| R2 | 151.00/30 | ** | congestion, 3 Mar high | S3 | 148.00 | * | congestion | |
| R1 | 150.00 | * | congestion | S4 | 147.40 | * | 13 Mar low |
Asterisk denotes strength of level
00:50 GMT - Settled back in consolidation following test of the 150.00 level as prices unwind overbought intraday studies. However, focus remains on the upside and break here will open up room for extension to the strong resistance at the 151.00/30 area. Gains are seen corrective and expected to give way to fresh selling pressure later. Meanwhile, support is raised to the 149.00/148.55 congestion and February low which now underpin. Break here and the 148.00 congestion will return focus to the downside and see room for retest of the 147.00 level and 146.54 low.