Published: 2025-06-23T01:06:59.000Z
Chart USD/JPY Update: Pressuring 146.00/55 resistance, room for higher
Technical Analyst
2
Extending gains to reach strong resistance at the 146.00/146.55 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.65 | ** | 12 May high | S1 | 145.46 | * | 11 Jun high | |
| R3 | 148.00 | * | congestion | S2 | 145.00 | * | congestion | |
| R2 | 147.00/10 | * | congestion, 38.2% | S3 | 144.00 | * | congestion | |
| R1 | 146.55 | ** | Mar low | S4 | 142.79 | ** | 13 Jun low |
Asterisk denotes strength of level
01:00 GMT - Extending gains to reach strong resistance at the 146.00/146.55 area. Pause here see prices unwinding overbought intraday studies but bullish momentum suggest consolidation giving way to break later. Clearance will open up room to the 147.00/10 congestion and 38.2% Fibonacci level. Beyond this, if seen, will return focus to the 168.00 level and 168.65, 12 May high. Meanwhile, support is raised to the 11 June high at 145.46 which should underpin. Break here will open up room for deeper pullback to the 145.00/144.00 congestion area.