Published: 2025-06-10T00:54:31.000Z
Chart USD/JPY Update: Consolidating test of 145.00/08 resistance, room for higher
Technical Analyst
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Consolidation test of 145.00/08 resistance as prices unwind overbought intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | * | congestion | S1 | 144.00 | * | congestion | |
| R3 | 146.55 | ** | Mar low | S2 | 142.10/00 | ** | congestion | |
| R2 | 146.00 | * | congestion | S3 | 141.00 | * | congestion | |
| R1 | 145.08 | * | 28 May high | S4 | 139.88 | ** | 22 Apr YTD low |
Asterisk denotes strength of level
00:50 GMT - Consolidation test of 145.00/08 resistance as prices unwind overbought intraday studies. Both daily and weekly studies continues to track higher and suggest room for stronger gains to retest strong resistance at 146.00/146.55 congestion and March low which is expected to cap. Lower high sought to further pressure the downside later. Break here, if seen, will open up room for stronger gains to retrace the January/April losses and see room to 148.00/148.65. Meanwhile, support is raised to the 144.00 congestion which should underpin.