Published: 2025-03-25T02:01:05.000Z
Chart USD/JPY Update: Consolidating test of 151.00, room for higher
Technical Analyst
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Break above the 150.00 level has seen gains to reach the 151.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 152.70 | * | 50% Jan/Mar fall | S1 | 150.00 | * | congestion | |
| R3 | 152.00 | * | congestion | S2 | 148.55 | * | Feb low | |
| R2 | 151.25/30 | * | 38.2%, Mar high | S3 | 148.00 | * | congestion | |
| R1 | 151.00 | ** | congestion | S4 | 147.40 | * | 13 Mar low |
Asterisk denotes strength of level
02:00 GMT - Break above the 150.00 level has seen gains to reach the 151.00 level. Higher will see stronger recovery to retrace the January/March losses and see room to the 151.25/30, 38.2% Fibonacci level and March high. Stretched intraday studies suggest consolidation here likely to but a later break cannot be ruled out. Higher still, will see scope to the 152.00 level. Meanwhile, support is raised to the 150.00 congestion which now underpin. Below here will open up room for return to support at the 148.55/148.00 congestion area.