Published: 2025-05-09T01:02:55.000Z
Chart USD/JPY Update: Pressuring 146.00, break in focus
Technical Analyst
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Consolidation at the 142.35 low has given way to rebound through the 144.00 level to retest resistance at the 146.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | * | congestion | S1 | 144.00 | * | 9 Apr low, congestion | |
| R3 | 147.10 | * | 38.2% Jan/Apr losses | S2 | 142.35 | ** | 6 May low | |
| R2 | 146.54 | * | Mar low | S3 | 142.00 | * | congestion | |
| R1 | 146.00 | ** | congestion | S4 | 141.00 | intraday congestion |
Asterisk denotes strength of level
00:55 GMT - Consolidation at the 142.35 low has given way to rebound through the 144.00 level to retest resistance at the 146.00 level. Consolidation here see prices unwinding the overbought intraday studies but positive daily and weekly studies suggest scope for break to open up room for stronger gains to retrace losses from the January high. Higher will see room to resistance at 146.54 then 147.10, 38.2% Fibonacci level. Meanwhile, support is raised to the 144.00 level which should underpin and sustain gains from the 142.35 low.