Published: 2025-05-27T00:59:58.000Z
Chart USD/JPY Update: Under pressure
Technical Analyst
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Prices remain under pressure to extend losses from the 148.65, 12 May corrective high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 146.55 | ** | Mar low | S1 | 142.35/00 | * | 6 May low, congestion | |
| R3 | 146.00 | * | congestion | S2 | 141.00 | * | intraday congestion | |
| R2 | 145.50 | * | 20 May high | S3 | 140.00/88 | ** | figure, 22 Apr YTD low | |
| R1 | 144.00 | * | congestion, 9 Apr low | S4 | 139.58 | ** | 16 Sep 2024 year low |
Asterisk denotes strength of level
00:50 GMT - Prices remain under pressure to extend losses from the 148.65, 12 May corrective high. Oversold intraday and daily studies suggest consolidation at the 142.35/142.00 area likely before further extension lower. Break will turn focus to the 139.88 and 139.58, 22 April YTD and the September 2024 year low. Meanwhile, resistance is lowered to the 144.00 congestion which is expected to cap bounce attempt. Would take break here to ease the downside pressure and see room for stronger corrective bounce to the 145.00/145.50 area.