Published: 2025-03-11T01:04:14.000Z
Chart USD/JPY Update: Extending losses
Technical Analyst
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Under pressure and break of the 146.95 Fibonacci level further extend losses from the 158.87, January high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 151.00/30 | ** | congestion, 3 Mar high | S1 | 146.00 | * | congestion | |
| R3 | 150.00 | * | congestion | S2 | 145.00 | * | congestion | |
| R2 | 148.55 | * | Feb low | S3 | 144.50 | * | congestion | |
| R1 | 148.00 | * | congestion | S4 | 144.15 | * | 76.4% Sep/Jan rally |
Asterisk denotes strength of level
01:00 GMT - Under pressure and break of the 146.95 Fibonacci level further extend losses from the 158.87, January high. Nearby see room to the 146.50/146.00 congestion area. Below this will see room to the 145.00 congestion though the oversold daily studies caution corrective bounce. However, gains are expected to remain limited with strong resistance at the 148.00/148.55 area expected to cap and keep pressure on the downside. Lower still, will open up room to the 144.50 congestion and 144.15, 76.4% Fibonacci level.