Published: 2025-07-28T01:02:47.000Z
Chart USD/JPY Update: Consolidating retest of 148.00, room for higher later
Technical Analyst
1
Settled back from retest of the June high at the 148.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 149.40 | * | 50% Jan/Apr fall | S1 | 147.00 | congestion | ||
| R3 | 149.00/18 | ** | congestion, 16 Jul high | S2 | 146.55 | * | Mar low | |
| R2 | 148.65 | * | May high | S3 | 146.00/85 | ** | congestion, 24 Jul low | |
| R1 | 148.00 | * | congestion | S4 | 145.20/00 | * | 3 Jul high, congestion |
Asterisk denotes strength of level
00:50 GMT - Settled back from retest of the June high at the 148.00 level following bounce from the 146.00/145.85 support. Positive daily studies suggest scope to extend bounce from the latter to open up room for retest of the 148.65 resistance then 149.18 high. Clearance here, if seen, will further retrace the January/April fall to the 149.40, 50% Fibonacci level. Meanwhile, support is raised to the 147.00 congestion which should underpin. Below here will expose the 146.55 and 146.00/145.85 support to retest.