Published: 2025-06-25T12:55:13.000Z
Chart USD/JPY Update: Sharp bounce - immediate gains to remain limited
Senior Technical Strategist
1
The anticipated test below congestion support at 145.00 is giving way to a sharp bounce in both USD- and JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 149.35 | ** | 50% ret of Jan-Apr fall | S1 | 145.00 | * | congestion | |
| R3 | 148.50 | ** | 76.4% ret of Mar-Apr fall | S2 | 144.00 | * | congestion | |
| R2 | 148.00 | ** | break level | S3 | 142.80 | * | 13 Jun (w) low | |
| R1 | 146.00 | * | break level | S4 | 142.10 | * | 27 May (m) low |
Asterisk denotes strength of level
13:45 BST - The anticipated test below congestion support at 145.00 is giving way to a sharp bounce in both USD- and JPY-driven trade, with prices approaching resistance at 146.00. Rising intraday studies highlight room for a test above here. But negative daily readings are expected to limit initial scope in fresh consolidation beneath 148.00, before rising weekly charts prompt a break. Meanwhile, any fresh tests below 145.00 should meet fresh buying interest towards further congestion around 144.00.