Published: 2025-07-11T01:08:21.000Z
Chart USD/JPY Update: Limited pullback from 147.18 high
Technical Analyst
1
Limited on break of the 146.00 level as prices turned up from the 145.75 low to consolidate below the 147.18 mid-week high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.65 | ** | May high | S1 | 146.00 | * | congestion | |
| R3 | 148.00 | ** | Jun high | S2 | 145.20/00 | * | 3 Jul high, congestion | |
| R2 | 147.18 | ** | 9 Jul high | S3 | 144.00 | * | congestion | |
| R1 | 146.55 | * | Mar low | S4 | 142.68 | ** | 1 Jul low |
Asterisk denotes strength of level
01:00 GMT - Limited on break of the 146.00 level as prices turned up from the 145.75 low to consolidate below the 147.18 mid-week high. Daily studies are overbought and suggest the latter likely to cap and a deeper pullback cannot be ruled out. Lower will open up room to support at the 145.20/00 area. Break here will return focus to the downside for retest of the 144.00 congestion then the 142.80/142.68 lows. Meanwhile, the 147.18 high is expected to cap. Clearance will open up room for extension to retest 148.00 and 148.65 highs.