Published: 2025-04-01T01:07:41.000Z
Chart USD/JPY Update: Leaning lower
Technical Analyst
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Losses to the 148.70 low not sustained as prices unwind the oversold intraday studies to consolidate at the 150.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 152.00 | * | congestion | S1 | 148.55 | * | Feb low | |
| R3 | 151.25/30 | ** | 38.2%, Mar high | S2 | 148.00 | * | congestion | |
| R2 | 151.00 | * | congestion | S3 | 147.40 | * | 13 Mar low | |
| R1 | 150.00 | * | congestion | S4 | 146.54 | ** | 11 Mar YTD low |
Asterisk denotes strength of level
01:00 GMT - Losses to the 148.70 low not sustained as prices unwind the oversold intraday studies to consolidate at the 150.00 level. However, daily studies are overbought and suggest scope to further pressure the downside. Lower will see room to retest the 148.55 support and 148.00 congestion. Break here will return focus to the March YTD low at 146.54 and see scope to extend the broader losses from the January high. Meanwhile, resistance at the 150.00/35 congestion and intraday level is expected to cap the upside and sustain losses from the 151.20 high.