Published: 2025-06-27T13:19:08.000Z
Chart USD/JPY Update: Cautious trade - daily studies under pressure

Senior Technical Strategist
3
Little change, as mixed intraday studies keep near-term sentiment cautious
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 148.50 | ** | 76.4% ret of Mar-Apr fall | S1 | 144.00 | * | congestion | |
R3 | 148.00 | ** | break level | S2 | 142.80 | * | 13 Jun (w) low | |
R2 | 146.00 | * | break level | S3 | 142.00/10 | ** | cong; 27 May (m) low | |
R1 | 145.00 | * | congestion | S4 | 140.00 | ** | congestion |
Asterisk denotes strength of level
14:00 BST - Little change, as mixed intraday studies keep near-term sentiment cautious and prompt consolidation above congestion support at 144.00. Daily readings continue to track lower, highlighting room for a later break back below here. But rising weekly charts are expected to limit initial scope in consolidation above the 142.80 weekly low of 13 June, before negative monthly charts prompt further losses. Meanwhile, a close above congestion resistance at 145.00, if seen, would help to stabilise price action and prompt consolidation beneath 146.00.