Published: 2025-05-29T01:08:53.000Z
Chart USD/JPY Update: Strong resistance at 146.00/55
Technical Analyst
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Break above the 145.00 level has seen sharp gains to reach strong resistance at the 146.00/146.55 congestion and March low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.65 | ** | 12 May high, congestion | S1 | 145.00 | * | congestion | |
| R3 | 148.00 | * | congestion | S2 | 144.00 | * | congestion | |
| R2 | 146.55 | ** | Mar low | S3 | 143.10 | * | 26 May high | |
| R1 | 146.00 | * | congestion | S4 | 142.10/00 | ** | 27 May low, congestion |
Asterisk denotes strength of level
01:00 GMT - Break above the 145.00 level has seen sharp gains to reach strong resistance at the 146.00/146.55 congestion and March low, where reaction can be expected. However, positive daily and weekly suggest consolidation here to give way to further gains later. Clearance will turn focus to resistance at the 148.00/148.65, congestion and 12 May high. Meanwhile, support is raised to the 145.00/144.00 congestion area which is expected to underpin. Break here will return focus to the downside and see scope to retest 142.10/00 area.