Published: 2025-07-14T01:06:08.000Z
Chart USD/JPY Update: Room to extend July gains
Technical Analyst
2
Break above the 146.00/146.55 resistance has seen gains to approach the 148.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | ** | congestion | S1 | 146.00 | * | congestion | |
| R3 | 149.40 | * | 50% Jan/Apr fall | S2 | 145.20/00 | * | 3 Jul high, congestion | |
| R2 | 148.65 | ** | May high | S3 | 144.00 | * | congestion | |
| R1 | 148.00 | ** | Jun high | S4 | 142.68 | ** | 1 Jul low |
Asterisk denotes strength of level
01:00 GMT - Break above the 146.00/146.55 resistance has seen gains to approach the 148.00 level. Consolidation at the 147.57 high see prices unwinding overbought intraday studies but bullish momentum from the 142.68 low of 1 July keeps focus on the upside to extend the broad consolidation from the 140.00, April low. Clearance will see scope to retest strong resistance at 148.00 and 148.65 highs. Meanwhile, support at the 146.55/146.00 area underpin. Would take break here to faide the upside pressure and open up deeper pullback to the 145.20/00 support.