Published: 2025-06-13T13:45:27.000Z
Chart USD/JPY Update: Tests lower not sustained
Senior Technical Strategist
1
Anticipated tests lower have bounced smartly from 142.75/80
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.50 | ** | 76.4% ret of Mar-Apr fall | S1 | 144.00 | * | congestion | |
| R3 | 148.00 | ** | break level | S2 | 142.00 | ** | congestion | |
| R2 | 146.00 | * | break level | S3 | 140.50 | ** | 61.8% ret of 2023-2024 rally | |
| R1 | 145.00 | * | congestion | S4 | 139.88/00 | ** | 22 Apr YTD low; cong |
Asterisk denotes strength of level
14:15 BST - Anticipated tests lower have bounced smartly from 142.75/80, oversold intraday studies unwind, with prices once again trading above 144.00. Immedaite focus is on congestion resistance at 145.00. But negative daily readings are expected to limit any initial tests in consolidation, before rising weekly charts prompt a break towards 146.00. Meanwhile, a test back below congestion support at 144.00, if seen, should give way to consolidation/buying interest above 142.00.