Published: 2025-08-22T12:59:56.000Z
Chart USD/JPY Update: Pushing higher
Senior Technical Strategist
1
Anticipated gains have reached 148.75
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 151.20 | ** | 27 Mar (m) high | S1 | 148.00 | * | break level | |
| R3 | 150.92 | ** | 1 Aug (w) high | S2 | 147.00 | ** | range lows | |
| R2 | 150.00 | ** | congestion | S3 | 146.00 | ** | break level | |
| R1 | 149.00 | congestion | S4 | 145.00 | * | congestion |
Asterisk denotes strength of level
13:55 BST - Anticipated gains have reached 148.75, where a tick lower in overbought intraday studies is prompting short-term reactions. Daily readings have turned higher and broader weekly charts are showing signs of improvement, highlighting potential for a test of congestion resistance at 149.00. Beyond here is further congestion around 150.00. But already overbought weekly stochastics could limit any initial tests in renewed consolidation. Meanwhile, support is raised to 148.00. A break beneath here, if seen, will turn sentiment neutral once again and give way to range extension above 147.00.