Published: 2025-09-17T13:05:26.000Z
Chart USD/JPY Update: Poised for further losses
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Cautious trade around 147.00 has given way to anticipated losses
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | ** | congestion | S1 | 146.00 | ** | break level | |
| R3 | 149.00 | congestion | S2 | 145.40 | ** | 50% ret of Apr-Aug rally | ||
| R2 | 148.00 | * | break level | S3 | 145.00 | * | congestion | |
| R1 | 147.00 | ** | range lows | S4 | 144.00/10 | ** | congestion; 61.8% ret |
Asterisk denotes strength of level
13:45 BST - Cautious trade around 147.00 has given way to anticipated losses, as intraday studies turn down, with prices currently balanced in fresh consolidation above support at 146.00. Daily readings are negative and broader weekly charts are also under pressure, highlighting room for further losses in the coming sessions. A later close below 146.00 will complete a multi-week distribution pattern within 147.00-148.00, as August losses then focus initially on the 145.40 Fibonacci retracement. Meanwhile, a close back above 147.00 will turn sentiment neutral and prompt consolidation beneath 148.00.