Published: 2025-06-16T01:14:40.000Z
Chart USD/JPY Update: Sustaining higher lows from 142.10, May low
Technical Analyst
2
Extending bounce from the 142.79 pullback low to regain the 144.00 level setting up scope for retest of 145.00 and 145.46 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 147.00 | * | congestion | S1 | 142.79 | * | 13 Jun low | |
| R3 | 146.00/55 | ** | congestion, Mar low | S2 | 142.10/00 | ** | 27 May low, congestion | |
| R2 | 145.46 | ** | 11 Jun high | S3 | 141.00 | * | congestion | |
| R1 | 145.00 | * | congestion | S4 | 139.88 | ** | 22 Apr YTD low |
Asterisk denotes strength of level
01:00 GMT - Extending bounce from the 142.79 pullback low to regain the 144.00 level setting up scope for retest of 145.00 and 145.46 high of last week. Above the latter will turn focus to the upside and see room for retest of strong resistance at the 146.00/55 congestion and March low, which is expected to cap. Break here will open up room to extend gains from the 139.88, April YTD low, and turn focus to resistance at the 148.65, May high. Meanwhile, support is raised to the 144.00 level which should underpin and sustain gains from the series of higher lows from 142.10, May low.