Published: 2025-05-30T01:13:26.000Z
Chart USD/JPY Update: Extending pullback from 146.00/55 resistance
Technical Analyst
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Under pressure following rejection from strong resistance at 146.00/146.55 congestion and March low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | * | congestion | S1 | 143.10 | * | 26 May high | |
| R3 | 146.55 | ** | Mar low | S2 | 142.10/00 | ** | 27 May low, congestion | |
| R2 | 146.00 | * | congestion | S3 | 141.00 | intraday congestion | ||
| R1 | 145.08 | * | 28 May high | S4 | 140.00 | ** | 22 Apr YTD low |
Asterisk denotes strength of level
01:00 GMT - Under pressure following rejection from strong resistance at 146.00/146.55 congestion and March low. Losses through the 144.00 level return focus to the 27 May low and congestion area at 142.10/00 where reaction can be expected. However, bearish structure from the January current year high at 158.87 suggest scope for break to open up the 140.00 low to retest. Meanwhile, resistance is at 145.08 which is expected to cap and sustain losses from resistance at the 146.00/146.55, lower highs.