Published: 2025-07-07T01:01:53.000Z
Chart USD/JPY Update: Consolidation below 145.00/26 resistance
Technical Analyst
2
No follow-through above the 145.00 level as prices settled back in consolidation from the 145.00/26 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | ** | Jun high | S1 | 144.00 | * | congestion | |
| R3 | 146.55 | ** | Mar low | S2 | 142.68 | * | 1 Jul low | |
| R2 | 146.00 | * | congestion | S3 | 142.10/00 | ** | May low, congestion | |
| R1 | 145.00/26 | * | congestion, 26 Jun high | S4 | 139.88 | ** | 22 Apr YTD low |
Asterisk denotes strength of level
00:50 GMT - No follow-through above the 145.00 level as prices settled back in consolidation from the 145.00/26 resistance. Break here is needed to open up room to the strong resistance at the 146.00 level and 146.55, Mar low. This area is expected to cap and give way to renewed selling pressure later. Meanwhile, support is raised to the 144.00 congestion. Would take break here to return focus to the downside for retest of the 142.80/142.68 lows. Below these will see room to retest strong support at the 142.10/00 congestion and May low.