Published: 2025-04-17T13:04:53.000Z
Chart USD/JPY Update: Choppy trade - studies leaning lower
Senior Technical Strategist
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Little change, as prices extend choppy trade above congestion support at 142.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | * | congestion | S1 | 142.00 | * | congestion | |
| R3 | 146.00 | * | congestion | S2 | 141.00 | * | congestion | |
| R2 | 145.00 | * | congestion | S3 | 140.00 | ** | congestion | |
| R1 | 144.00 | * | congestion | S4 | 139.58 | ** | 16 Sep 2024 (y) low |
Asterisk denotes strength of level
14:00 BST - Little change, as prices extend choppy trade above congestion support at 142.00. Oversold daily stochastics are flattening, suggesting potential for further range trade, before the bearish daily Tension Indicator and deteriorating weekly charts prompt a break. A close beneath here will add weight to sentiment and extend January losses initially to further congestion around 141.00. Meanwhile, resistance remains up to congestion around 144.00. A break above here, if seen, should be limited in consolidation beneath 145.00.