Published: 2025-05-20T00:42:22.000Z
Chart USD/JPY Update: Consolidating at 144.65 low
Technical Analyst
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Turned up from the 144.65 low as prices consolidate losses from the 148.65 high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 148.65 | ** | 12 May high | S1 | 144.65 | * | 19 May low | |
| R3 | 148.00 | * | congestion | S2 | 144.00 | ** | congestion, 25 Apr high | |
| R2 | 146.55 | * | Mar low | S3 | 142.35 | * | 6 May low | |
| R1 | 146.00 | ** | congestion | S4 | 142.00 | * | congestion |
Asterisk denotes strength of level
00:35 GMT - Turned up from the 144.65 low as prices consolidate losses from the 148.65 high of last week and unwind the oversold intraday studies. Negative daily studies suggest this giving way to renewed selling pressure later to strong support at the 144.00 congestion where reaction can be expected. Would take break here to return focus to the downside for retest of 142.00/140.00 support. Meanwhile, bounce see resistance starting at the 146.00 congestion and extending to the March low at 146.55, which is expected to cap.