Published: 2025-06-12T01:10:10.000Z
Chart USD/JPY Update: Settled back in consolidation
Technical Analyst
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Turned lower after failing to sustain gains above the 145.00 level to extend rejection from the 145.46 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 146.55 | ** | Mar low | S1 | 144.00 | * | congestion | |
| R3 | 146.00 | * | congestion | S2 | 143.50 | * | congestion | |
| R2 | 145.46 | * | 11 Jun high | S3 | 142.10/00 | ** | 27 May low, congestion | |
| R1 | 145.00 | * | congestion | S4 | 141.00 | * | congestion |
Asterisk denotes strength of level
00:50 GMT - Turned lower after failing to sustain gains above the 145.00 level to extend rejection from the 145.46 high. Pullback see support starting at 144.00 level then 143.50 congestion. Daily studies have turned mixed and threatens break here to expose strong support at the 142.10/00 area to retest. Meanwhile, resistance is lowered to the 145.00 level. Closed above here will open up the 145.46 high to retest and see room to extend correction to strong resistance at 146.00/146.55 area which is expected to cap.