Published: 2025-04-14T01:05:30.000Z
Chart USD/JPY Update: Consolidating above 142.00, room for lower later
Technical Analyst
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Consolidating Friday's test of the 142.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | ** | congestion | S1 | 142.00 | * | congestion | |
| R3 | 146.54 | ** | Mar low | S2 | 140.25 | * | congestion | |
| R2 | 146.00 | * | congestion | S3 | 140.00 | ** | figure | |
| R1 | 144.00/55 | * | congestion, 4 Apr low | S4 | 139.58 | ** | Sep 2024 year low |
Asterisk denotes strength of level
01:00 GMT - Consolidating Friday's test of the 142.00 level as prices unwind the oversold intraday studies. Pressure remains on the downside and see room got break here to open up room for retest of the 140.00 figure and the 139.58, 2024 year low. Would expect reaction on retest here but consolidation is expected to give way to eventual break later to extend losses from the July 2024 multi-year high. Meanwhile, resistance remains at the 144.00/55 area which is expected to cap. Gains above here, if seen, will clear the way for stronger bounce to the 146.00 congestion