Published: 2025-06-05T13:09:01.000Z
Chart USD/JPY Update: Limited scope into any break above 144.00
Senior Technical Strategist
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The anticipated test of 143.00 has bounced from 142.55
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | ** | break level | S1 | 142.00 | ** | congestion | |
| R3 | 146.00 | * | break level | S2 | 140.50 | ** | 61.8% ret of 2023-2024 rally | |
| R2 | 145.00 | * | congestion | S3 | 140.00 | congestion | ||
| R1 | 144.00 | * | congestion | S4 | 139.58 | ** | 16 Sep 2024 (y) low |
Asterisk denotes strength of level
13:55 BST - The anticipated test of 143.00 has bounced from 142.55, intraday studies unwind oversold areas, with prices currently trading around 143.50. Rising daily stochastics highlight potential for a retest of congestion resistance at 144.00. But the flat daily Tension Indicator and mixed weekly charts are expected to limit any break in renewed selling interest beneath congestion around 145.00. Meanwhile, support remains down to congestion at 142.00 and should underpin any immediate setbacks. A close beneath here, not yet seen, will add weight to sentiment and open up strong support within the 140.00/50 range.