Published: 2025-03-28T00:39:34.000Z
Chart USD/JPY Update: Pressuring 151.00/30 resistance
Technical Analyst
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Bounce at the 150.00 level see pressure returning to resistance at the 151.00/30 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 152.70 | * | 50% Jan/Mar fall | S1 | 150.00 | * | congestion | |
| R3 | 152.00 | * | congestion | S2 | 148.55 | * | Feb low | |
| R2 | 151.25/30 | * | 38.2%, Mar high | S3 | 148.00 | * | congestion | |
| R1 | 151.00 | ** | congestion | S4 | 147.40 | * | 13 Mar low |
Asterisk denotes strength of level
00:30 GMT - Bounce at the 150.00 level see pressure returning to resistance at the 151.00/30 highs. Daily studies still tracking higher and suggest scope for break here to extend gains from the 146.54, 11 March YTD low, to further retrace losses from the January high. Higher will see room for extension to the 152.00 congestion. Meanwhile, support is raised to the 150.00 level which should underpin and sustain bullish gains from the 146.54 low. Bbreak will open up room for retest of the support at 148.55 and the 148.00 congestion.