Published: 2025-08-22T01:10:23.000Z
Chart USD/JPY Update: Above 148.00 opens up room to 148.65/149.00 area
Technical Analyst
-
Break above the 148.00 level see prices extending bounce from the 146.55/146.00 support area last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.90/00 | ** | 7 Feb low, congestion | S1 | 148.00 | * | congestion | |
| R3 | 150.00 | figure | S2 | 147.00 | congestion | |||
| R2 | 149.00 | * | congestion | S3 | 146.55 | * | Mar low | |
| R1 | 148.65 | ** | May high | S4 | 146.00 | ** | congestion |
Asterisk denotes strength of level
01:00 GMT - Break above the 148.00 level see prices extending bounce from the 146.55/146.00 support area last week. Focus now return to the strong resistance at the 148.65 May high and 149.00 level. Break here, if seen, will open up room for retest of the 150.00 level and potentially to the 150.90, 1st August high. Higher still, will see further gains within the equidistant channel from April low. Meanwhile, support is raised to the 148.00 congestion and June high which is expected to underpin and sustain bounce from the 146.55/146.00 support.