Published: 2025-08-07T00:55:55.000Z
Chart USD/JPY Update: Extend consolidation above 146.55 support
Technical Analyst
2
Little change, as prices extend consolidation above the 147.00 level following bounce from the 146.55 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.90/00 | ** | 7 Feb low, congestion | S1 | 146.55 | * | Mar low | |
| R3 | 149.00 | * | congestion | S2 | 146.00 | ** | congestion | |
| R2 | 148.65 | ** | May high | S3 | 145.00 | * | congestion | |
| R1 | 148.00 | * | Jun high | S4 | 144.00 | * | congestion |
Asterisk denotes strength of level
00:50 GMT - Little change, as prices extend consolidation above the 147.00 level following bounce from the 146.55 support to unwind oversold intraday studies. However, this is expected to give way to renewed selling pressure later to extend the sharp drop from the 150.92 high and further retrace the broad April/August gains. Break of strong support at 146.55/146.00 area will see further losses to the 145.00 congestion and 144.00, April channel support. Resistance remains at the 148.00 congestion. Higher will see room to 148.65/149.00 area.