Published: 2025-06-20T13:06:17.000Z
Chart USD/JPY Update: Price action remains positive
Senior Technical Strategist
1
Little change, as prices extend cautious trade beneath resistance at 146.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.50 | ** | 76.4% ret of Mar-Apr fall | S1 | 145.00 | * | congestion | |
| R3 | 148.00 | ** | break level | S2 | 144.00 | * | congestion | |
| R2 | 147.15 | ** | 38.2% ret of Jan-Apr fall | S3 | 142.80 | * | 13 Jun (w) low | |
| R1 | 146.00 | * | break level | S4 | 142.00 | ** | congestion |
Asterisk denotes strength of level
13:50 BST - Little change, as prices extend cautious trade beneath resistance at 146.00. Daily readings are rising and broader weekly charts are also positive, highlighting room for continuation towards resistance at 146.00. A close above here will further improve price action and extend late-May gains towards the 147.15 Fibonacci retracement. Meanwhile, support remains at congestion around 145.00. A break beneath here, if seen, will turn sentiment neutral once again and prompt consolidation above congestion around 144.00.