Published: 2025-07-09T01:02:00.000Z
Chart USD/JPY Update: Extending gains
Technical Analyst
1
Break of strong resistance at 146.00/146.55 area see prices extending gains from the 142.68 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 149.40 | * | 50% Jan/Apr fall | S1 | 146.00 | * | congestion | |
| R3 | 148.65 | ** | May high | S2 | 145.20/00 | * | 3 Jul high, congestion | |
| R2 | 148.00 | ** | Jun high | S3 | 144.00 | * | congestion | |
| R1 | 147.00 | congestion | S4 | 142.68 | ** | 1 Jul low |
Asterisk denotes strength of level
01:00 GMT - Break of strong resistance at 146.00/146.55 area see prices extending gains from the 142.68 low of last week. Daily studies are still tracking higher and break of the 147.00 level will return focus to the June and May highs at 148.00/148.65. Higher still, if seen, will see room to 149.40, 50% Fibonacci level. Meanwhile, support is raised to the 146.00 congestion and this extend to the 145.20/00 area which should underpin. Only below this will return focus to the downside for retest of the 144.00 congestion then the 142.80/142.68 lows.