Published: 2025-05-15T01:03:17.000Z
Chart USD/JPY Update: Leaning lower from 148.65 high
Technical Analyst
-
Leaning lower in range from the 148.65 resistance to reach the 145.70, Monday's range low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | * | congestion | S1 | 145.70 | * | 12 May low | |
| R3 | 149.35 | * | 50% Jan/Apr fall | S2 | 145.00 | * | congestion | |
| R2 | 148.65 | ** | Dec low | S3 | 144.00 | ** | congestion, 25 Apr high | |
| R1 | 148.00 | * | congestion | S4 | 142.35 | * | 6 May low |
Asterisk denotes strength of level
00:50 GMT - Leaning lower in range from the 148.65 resistance to reach the 145.70, Monday's range low. Daily studies are unwinding overbought readings and threatens break here to open up deeper pullback to retrace gains from the April low. Break here will return focus to the downside and see room to the 145.00/144.00 congestion area. Meanwhile, resistance at the 148.00 congestion is expected to cap and sustain losses from the 148.65 high. Clearance here, will extend the April gains to further retrace the January/April losses.