Published: 2025-09-18T01:09:08.000Z
Chart USD/JPY Update: Back in consolidation above 146.55/00
0
-
No follow-through on break of support at the 146.55/146.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 149.00 | ** | congestion | S1 | 146.00 | ** | congestion | |
| R3 | 148.65 | ** | May high, congestion | S2 | 145.40 | * | 50% Apr/Aug rally | |
| R2 | 148.00 | * | congestion | S3 | 145.00 | * | congestion | |
| R1 | 147.00 | * | congestion | S4 | 144.10/00 | * | 61.8%, congestion |
Asterisk denotes strength of level
01:00 GMT - No follow-through on break of support at the 146.55/146.00 area. Bounce from above the 145.40 support see prices back to consolidate below the 147.00 level as prices unwind oversold intraday studies. Higher will open up room for retest of the 148.00 resistance but this is expected to give way to renewed selling pressure later to extend bearish bias from the 148.65/149.00 resistance. Would take break of the 146.00 level to open up room for deeper pullback to retrace the broad April/August rally.