Published: 2025-03-26T01:17:25.000Z
Chart USD/JPY Update: Consolidating test of 151.00
Technical Analyst
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Settled back from test of the 151.00 level to consolidate at the 150.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 152.70 | * | 50% Jan/Mar fall | S1 | 149.20 | * | 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
01:10 GMT - Settled back from test of the 151.00 level to consolidate at the 150.00 level. Nearby see support at the 149.20/00 area then the 148.55, December low. Would take break of the latter to return focus to the downside for retest of the 148.00 level then the 146.54 current year low. Meanwhile, resistance at the 151.00 congestion is expected to cap. Break here, if seen, will open up room for stronger correction of the January/March losses to the 151.25/30, 38.2% Fibonacci level and March high, and possibly the 152.00 congestion.