Published: 2025-07-23T01:11:31.000Z
Chart USD/JPY Update: Weighing on 146.55/146.00 support
Technical Analyst
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Break of the 147.00 level see prices extending pullback from the 149.18 high to reach strong 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
01:10 GMT - Break of the 147.00 level see prices extending pullback from the 149.18 high to reach strong support at the 146.55/146.00 area. Consolidation here see prices unwinding oversold intraday studies but this is expected to give way to break later to open up room for extension to support at the 145.20/00 area and 144.00 level. Below this will expose the 142.68 low to retest. Meanwhile, resistance is lowered to 147.00/08 area which is expected to cap and sustain losses from the 149.18 high.