Published: 2025-07-11T13:13:37.000Z
Chart USD/JPY Update: Studies turning higher once again
Senior Technical Strategist
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The anticipated test below support at 146.00 has not been seen
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 149.35 | ** | 50% ret of Jan-Apr fall | S1 | 146.00 | * | break level | |
| R3 | 148.50 | ** | 76.4% ret of Mar-Apr fall | S2 | 145.00 | * | congestion | |
| R2 | 148.00 | ** | break level | S3 | 144.00 | * | congestion | |
| R1 | 147.00 | minor congestion | S4 | 142.80 | * | 13 Jun (w) low |
Asterisk denotes strength of level
14:00 BST - The anticipated test below support at 146.00 has not been seen, as consolidation gives way to a fresh run higher to congestion resistance at 147.00. Intraday studies are rising and daily readings are also ticking up once again, suggesting potential for a break above here towards 148.00. Just higher is the 148.50 Fibonacci retracement. But already overbought daily stochastics and overstretched weekly readings are expected to limit any immediate tests of this critical range in fresh consolidation. Meanwhile, support remains at 146.00 and should underpin any immediate setbacks.