Published: 2025-10-08T01:05:57.000Z
Chart USD/JPY Update: Extending gains
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Sharp gains through the 150.92 high of August has seen follow-through the break strong resistance at the 151.90/152.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 154.40 | * | 76.4% Jan/Apr fall | S1 | 150.92/00 | ** | Aug high, congestion | |
| R3 | 154.00 | * | congestion | S2 | 150.00 | ** | Sep high | |
| R2 | 153.00/15 | * | congestion, 14 Feb high | S3 | 149.00 | * | 6 Oct low | |
| R1 | 152.50 | congestion | S4 | 148.65 | * | Dec low |
Asterisk denotes strength of level
01:00 GMT - Sharp gains through the 150.92 high of August has seen follow-through the break strong resistance at the 151.90/152.00, 2023/2022 year highs and congestion area. Higher will see room to the 152.50 congestion then the 153.00/15 resistance. Gains beyond these, if seen, will open up room for extension to 154.00 level and 154.40, 76.4% Fibonacci level. Meanwhile, support is raised to the August high at 150.92 which should now underpin and sustain gains from the 146.50/146.00 area.