Published: 2025-05-16T00:56:29.000Z
Chart USD/JPY Update: Extending losses
Technical Analyst
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Under pressure, as prices extend break of the 146.00 congestion to reach the 145.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.65 | ** | 12 May high | S1 | 145.00 | * | congestion | |
| R3 | 148.00 | * | congestion | S2 | 144.00 | ** | congestion, 25 Apr high | |
| R2 | 146.55 | * | Mar low | S3 | 142.35 | * | 6 May low | |
| R1 | 146.00 | ** | congestion | S4 | 142.00 | * | congestion |
Asterisk denotes strength of level
00:50 GMT - Under pressure, as prices extend break of the 146.00 congestion to reach the 145.00 level. Negative intraday and daily studies suggest scope for break here to extend rejection from the 148.65 high to open up room to strong support at the 144.00 congestion. Would expect reaction here but consolidation here expected to give way to renewed selling pressure later. Meanwhile, resistance is lowered to the 146.00 congestion and extend to the March low at 146.55. This area is expected to cap and sustain losses from the 148.65, 12 May high.