Published: 2025-08-15T13:21:02.000Z
Chart USD/JPY Update: Choppy in range - daily studies leaning lower
Senior Technical Strategist
2
The break above 147.00 has been pushed back from resistance at 148.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | ** | congestion | S1 | 147.00 | * | congestion | |
| R3 | 149.00 | congestion | S2 | 146.00 | ** | break level | ||
| R2 | 148.50~ | 12 Aug high | S3 | 145.00 | * | congestion | ||
| R1 | 148.00 | ** | break level | S4 | 144.00 | * | congestion |
Asterisk denotes strength of level
14:05 BST - The break above 147.00 has been pushed back from resistance at 148.00, as intraday studies turn down, with prices currently balanced around 147.00. Daily readings are under pressure, highlighting room for a break back beneath here towards support at 146.00. However, the rising weekly Tension Indicator could limit any initial tests of 146.00 in consolidation, before unwinding overbought weekly stochastics prompt continuation of August losses towards 145.00. Meanwhile, a close above 148.00, if seen, will help to stabilise price action and prompt consolidation beneath 148.50-149.00.