Published: 2025-04-09T00:52:26.000Z
Chart USD/JPY Update: Under pressure, 144.55 low at risk
Technical Analyst
1
Coming under fresh selling pressure after corrective bounce was checked at the 148.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.70 | * | 31 Mar low | S1 | 144.55 | ** | 4 Apr YTD low | |
| R3 | 148.00 | ** | congestion | S2 | 144.15 | * | 76.4% Sep/Jan rally | |
| R2 | 147.00 | * | congestion | S3 | 143.00 | * | congestion | |
| R1 | 146.54 | * | Mar low | S4 | 142.00 | * | congestion |
Asterisk denotes strength of level
00:45 GMT - Coming under fresh selling pressure after corrective bounce was checked at the 148.00 level. Break of the 146.54/146.00 area return focus to the downside and see scope for retest of the 144.55 low. Below this will see scope for extension to the 144.15, 76.4% Fibonacci level. Below this will open up room to the 143.00/142.00 congestion area. Below these will return focus to the 140.00 figure then 139.58, the 2024 yeqr low. Meanwhile, resistance is lowered to March low at 146.54 and this should cap and sustain rejection from the 148.00 congestion.