Published: 2025-05-30T13:03:43.000Z
Chart USD/JPY Update: Leaning lower
Senior Technical Strategist
1
The anticipated test of 144.00 is giving way to consolidation around 143.75
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | ** | break level | S1 | 142.00 | ** | congestion | |
| R3 | 146.00 | * | break level | S2 | 140.50 | ** | 61.8% ret of 2023-2024 rally | |
| R2 | 145.00 | * | congestion | S3 | 140.00 | congestion | ||
| R1 | 144.00 | * | congestion | S4 | 139.58 | ** | 16 Sep 2024 (y) low |
Asterisk denotes strength of level
13:35 BST - The anticipated test of 144.00 is giving way to consolidation around 143.75, Intraday studies are coming under pressure and rising daily readings are flattening, suggesting room for further tests lower in the coming sessions. Support is down to congestion around 142.00. but mixed/positive weekly charts are expected to limit any initial tests in renewed consolidation. Meanwhile, a close back above congestion resistance at 144.00, if seen, will help to stabilise price action and give way to consolidation beneath 145.00.