Published: 2025-02-20T14:27:10.000Z
Chart USD/JPY Update: Lower in both USD- and JPY-driven trade
Senior Technical Strategist
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Anticipated losses have reached congestion support at 150.00 in both USD- and JPY-driven trade
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 154.00 | * | congestion lows | S1 | 150.00 | ** | congestion | |
| R3 | 153.00 | ** | congestion | S2 | 149.20 | ** | 50% ret of Sep-Jan rally | |
| R2 | 152.00 | * | break level | S3 | 148.64 | ** | 3 Dec (m) low | |
| R1 | 151.00 | * | break level | S4 | 148.00 | * | congestion |
Asterisk denotes strength of level
14:20 GMT - Anticipated losses have reached congestion support at 150.00 in both USD- and JPY-driven trade. Daily readings have turned down and broader weekly charts are negative, highlighting room for further losses in the coming sessions. A break beneath here will add weight to sentiment and extend January losses towards the 149.20 Fibonacci retracement. Beneath here is the 148.64 monthly low of 3 December. Meanwhile, resistance is lowered to the 151.00 break level and extends to 152.00. This area should cap any immediate tests higher.