Published: 2025-04-04T01:16:52.000Z
Chart USD/JPY Update: Consolidating sharp losses to 145.17 low
Technical Analyst
1
Losses through the 146.54 March low has seen extension to reach fresh year low at 145.17
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | * | congestion | S1 | 145.00 | * | congestion | |
| R3 | 148.70 | * | 31 Mar low | S2 | 144.15 | * | 76.4% Sep/Jan rally | |
| R2 | 148.00 | * | congestion | S3 | 143.00 | * | congestion | |
| R1 | 146.54 | * | 11 Mar low | S4 | 141.64 | * | 30 Sep low |
Asterisk denotes strength of level
01:10 GMT - Losses through the 146.54 March low has seen extension to reach fresh year low at 145.17. Consolidation here see prices unwinding the oversold intraday studies but the downside remains vulnerable. Lower will see room to the 145.00 congestion then 144.15, 76.4% Fibonacci level. Meanwhile, resistance is lowered to the March low at 146.54 which is expected to cap. Gains above here, if seen, will delay bearish extension to open up room for stronger bounce though this should meet with selling pressure below the 148.00 congestion.