Published: 2025-03-21T01:14:02.000Z
Chart USD/JPY Update: Consolidating at 148.55/00 support
Technical Analyst
1
Consolidating test of the 148.55/148.00 support following rejection from 150.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 152.00 | * | congestion | S1 | 148.55 | * | Feb low | |
| R3 | 151.00/30 | ** | congestion, 3 Mar high | S2 | 148.00 | * | congestion | |
| R2 | 150.00 | ** | congestion | S3 | 147.40 | * | 13 Mar low | |
| R1 | 149.00/20 | * | congestion | S4 | 146.54 | ** | 11 Mar YTD low |
Asterisk denotes strength of level
01:10 GMT - Consolidating test of the 148.55/148.00 support following rejection from 150.00 as prices unwind the oversold intraday studies. Bounce see resistance at 149.00/20 area expected to cap with break here to expose the 150.00 level to retest. However, this is expected to cap and lower high sought to further pressure the downside later. Below the 148.00 level will return focus to the downside to retest of 147.40 support then the 146.54 low. Break here will extend losses from the January high and see room to 146.00 congestion.