Published: 2025-07-25T01:00:36.000Z
Chart USD/JPY Update: Consolidating test of 146.55/146.00 support
Technical Analyst
4
Extending bounce from test of the 146.00 level as prices unwind oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | ** | figure, congestion | S1 | 146.55/00 | ** | Mar low, congestion | |
| R3 | 149.40 | * | 50% Jan/Apr fall | S2 | 145.20/00 | * | 3 Jul high, congestion | |
| R2 | 149.00/18 | ** | congestion, 16 Jul high | S3 | 144.00 | * | congestion | |
| R1 | 148.00 | * | congestion | S4 | 142.68 | ** | 1 Jul low |
Asterisk denotes strength of level
00:50 GMT - Extending bounce from test of the 146.00 level as prices unwind oversold intraday studies. Clearing the 147.00/08 resistance opens up room for stronger bounce to retest the June high at 148.00, which is expected to cap. Break, if seen, will open up room for retest of the 148.65 resistance then 149.18 high. Lower high sought for pullback to retest the 146.55/146.00 support and where break is needed to open up room for deeper pullback to the 145.20/00 area. Below this will turn focus to 144.00 level and the 142.68, 1st July low.