Published: 2025-05-26T00:58:51.000Z
Chart USD/JPY Update: Under pressure
Technical Analyst
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Prices remain under pressure with support at the 142.35/142.00 area now within reach
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 146.55 | ** | Mar low | S1 | 142.35 | * | 6 May low | |
| R3 | 146.00 | * | congestion | S2 | 142.00 | * | congestion | |
| R2 | 145.50 | * | 20 May high | S3 | 141.00 | * | intraday congestion | |
| R1 | 144.00 | * | congestion, 9 Apr low | S4 | 139.88 | ** | 22 Apr YTD low |
Asterisk denotes strength of level
00:50 GMT - Prices remain under pressure with support at the 142.35/142.00 area now within reach. Oversold intraday and daily studies suggest consolidation here likely before further extension lower. Break will see shift focus to the 139.88 and 139.58, April YTD and September 2024 year lows. Meanwhile, resistance is lowered to the 144.00 congestion which is expected to cap. Would take break here to ease the downside pressure and see room for stronger corrective bounce to the 145.00/145.50 area.