Published: 2025-06-27T00:56:12.000Z
Chart USD/JPY Update: Consolidating test of 144.00, lower later
Technical Analyst
2
Turned up from test of the 144.00 congestion and trend line from the April low to consolidate losses from the 148.00 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | ** | 23 Jun high | S1 | 144.00 | * | congestion | |
| R3 | 146.55 | * | Mar low | S2 | 142.79 | ** | 13 Jun low | |
| R2 | 146.00 | * | congestion | S3 | 142.10/00 | ** | May low, congestion | |
| R1 | 145.26 | * | 26 Jun high | S4 | 141.00 | figure |
Asterisk denotes strength of level
00:50 GMT - Turned up from test of the 144.00 congestion and trend line from the April low to consolidate losses from the 148.00 high as prices unwind oversold intraday studies. However, daily studies are tracking lower from overbought areas and suggest this giving way to further losses later. Below the 144.00 congestion will turn focus to the series of higher lows starting at 142.79 and extending to the 142.10/00 congestion. Meanwhile, resistance is lowered to 26 June high at 145.26 which is expected to cap and sustain losses from the 148.00 bounce high.