Published: 2025-08-12T07:54:27.000Z
Chart USD/JPY Update: Edging higher
Senior Technical Strategist
1
Anticipated minor tests lower have not been seen
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 151.50 | ** | 61.8% ret of Jan-Apr fall | S1 | 148.00 | ** | break level | |
| R3 | 151.20 | ** | 28 Mar (w) high | S2 | 147.00 | congestion | ||
| R2 | 150.00 | ** | congestion | S3 | 146.00 | * | break level | |
| R1 | 149.00 | break level | S4 | 145.00 | * | congestion |
Asterisk denotes strength of level
08:45 BST - Anticipated minor tests lower have not been seen, as prices turn higher in JPY-driven trade, with the break above 148.00 reaching 148.45. Unwinding overbought intraday studies are prompting a pullback towards 148.00. But unwinding oversold daily stochastics and the flattening negative daily Tension Indicator should limit any initial tests in fresh consolidation, before rising weekly charts extend gains towards resistance at 149.00. Meanwhile, a close back below 148.00 will turn sentiment neutral once again and prompt consolidation above congestion support at 147.00.