Published: 2025-03-26T14:21:03.000Z
Chart USD/JPY Update: Consolidating
Senior Technical Strategist
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The break back above 150.00 has met selling interest around 150.60
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 152.70 | ** | 50% ret of Jan-Mar fall | S1 | 150.00 | ** | congestion | |
| R3 | 152.00 | * | congestion | S2 | 149.00 | congestion | ||
| R2 | 151.25 | ** | 38.2% ret of Jan-Mar fall | S3 | 148.00 | * | congestion | |
| R1 | 151.00 | * | break level | S4 | 147.00 | ** | 61.8% ret of Sep-Jan rally |
Asterisk denotes strength of level
14:10 GMT - The break back above 150.00 has met selling interest around 150.60, with prices currently balanced around 150.40. Intraday studies are mixed/negative and overbought daily stochastics are flattening, suggesting room for a retest of 150.00. But the rising daily Tension Indicator and improving weekly charts should limit any break in renewed buying interest above 149.00. Meanwhile, resistance remains at the 151.00 break level and the 151.25 Fibonacci retracement. A close above here is needed to turn sentiment positive and extend March gains towards 152.00.