Published: 2025-06-25T03:31:25.000Z
Chart USD/IDR Updates: Room to extend rejection from 16495 high
Technical Analyst
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Under pressure as prices extend reversal from the 16495 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 16600 | * | congestion | S1 | 16300 | ** | congestion | |
| R3 | 16584 | ** | 14 May high | S2 | 16225 | * | 12 Jun low | |
| R2 | 16495 | ** | 23 Jun high | S3 | 16159 | ** | 26 May low | |
| R1 | 16400 | * | congestion | S4 | 16124 | * | 7 Jan YTD low |
Asterisk denotes strength of level
03:30 GMT - Under pressure as prices extend reversal from the 16495 high. Daily studies have turned down to unwind overbought readings and see room for pullback to the strong support at 16300. Break here will return focus to the 16225 and 16159 lows. Below these will confirm a top in place at the 16970 high and see deeper pullback to retrace the September/April rally. Meanwhile, resistance is lowered to 16400 congestion which is expected to cap and sustain losses from the 16475/16495 highs.