Published: 2025-02-20T00:47:48.000Z
Chart USD/JPY Update: Under pressure
Technical Analyst
5
Under pressure as prices turned down from consolidation around the 152.00 level to retest 151.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 154.80/00 | ** | 12 Feb high, congestion | S1 | 151.00/93 | ** | congestion, 7 Feb YTD low | |
| R3 | 154.00 | * | congestion | S2 | 150.45 | * | 27 Nov low | |
| R2 | 153.15 | * | 14 Feb high | S3 | 150.00 | * | congestion | |
| R1 | 152.65 | * | 200-day MA | S4 | 149.20 | * | 50% Sep/Jan rally |
Asterisk denotes strength of level
00:40 GMT - Under pressure as prices turned down from consolidation around the 152.00 level to retest 151.00. Break here and the 150.93 low will extend the losses from the January high and see room to minor support at 150.45. Below this will open up room to the 150.00 level where reaction can be expected. Break here will see potential to the 149.20, 50% Fibonacci level, then the 148.64 low of December. Meanwhile, resistance is at the 152.00 congestion and this extend to the 152.65 200-day MA which is expected to cap and sustain losses from the January high.