Chart USD/JPY Update: Fresh 2025 lows in both USD- and JPY-driven trade
Anticipated losses have extended in both USD- and JPY-driven trade to post a fresh 2025 year low around congestion support at 142.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.00 | * | congestion | S1 | 142.00 | * | congestion | |
| R3 | 146.00 | * | congestion | S2 | 141.00 | * | congestion | |
| R2 | 145.00 | * | congestion | S3 | 140.00 | ** | congestion | |
| R1 | 144.00 | * | congestion | S4 | 139.58 | ** | 16 Sep 2024 (y) low |
Asterisk denotes strength of level
14:00 BST - Anticipated losses have extended in both USD- and JPY-driven trade to post a fresh 2025 year low around congestion support at 142.00, where flat oversold intraday studies are prompting short-term reactions. Daily readings continue to track lower and longer-term charts are also under pressure, highlighting a bearish tone and room for still deeper losses in the coming sessions. A break below 142.00 will open up 141.00. But already oversold daily stochastics could limit any continuation in short-covering within critical support at the 139.58 year low of 16 September and congestion around 140.00. Meanwhile, resistance is at congestion around 144.00 and extends to 145.00. This range should cap any immediate tests higher.