Published: 2025-03-27T01:02:12.000Z
Chart USD/JPY Update: Consolidating, scope to extend gains
Technical Analyst
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Settled back from test of the 151.00 level as prices consolidate gains from the 148.55/148.00 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 152.70 | * | 50% Jan/Mar fall | S1 | 149.50 | * | congestion | |
| R3 | 152.00 | * | congestion | S2 | 148.55 | * | Feb low | |
| R2 | 151.25/30 | * | 38.2%, Mar high | S3 | 148.00 | * | congestion | |
| R1 | 151.00 | ** | congestion | S4 | 147.40 | * | 13 Mar low |
Asterisk denotes strength of level
00:50 GMT - Settled back from test of the 151.00 level as prices consolidate gains from the 148.55/148.00 support. Break above the 151.00 level will see room to further retrace the January/March losses to the 151.30 March high. Higher still, will see room for extension to the 152.00 congestion. Meanwhile, support is at 149.50 and where break will open up room for retest of the support at 148.55 and the 148.00 congestion. Would take break of the latter to return focus to the downside for 146.54 current year low.