Published: 2025-07-22T13:26:06.000Z
Chart USD/JPY Update: Prices remain under pressure
Senior Technical Strategist
1
The fall from resistance at 148.00 has reached 146.75
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | ** | congestion | S1 | 146.00 | * | break level | |
| R3 | 149.35 | ** | 50% ret of Jan-Apr fall | S2 | 145.00 | * | congestion | |
| R2 | 148.00 | ** | break level | S3 | 144.00 | * | congestion | |
| R1 | 147.00 | congestion | S4 | 143.00 | * | congestion |
Asterisk denotes strength of level
14:00 BST - The fall from resistance at 148.00 has reached 146.75, where short-term consolidation is developing. Intraday studies are negative and daily readings continue to fall, highlighting a deterioration in sentiment and room for still deeper losses in the coming sessions. Focus is on support at 146.00, but a tick lower in overbought weekly stochastics suggests increased risk of continuation beneath here towards 145.00. Meanwhile, resistance is lowered to congestion around 147.00. But a close above 148.00 would turn sentiment neutral and prompt consolidation beneath critical resistance at the 149.35 Fibonacci retracement.