Published: 2025-07-29T01:05:51.000Z
Chart USD/JPY Update: Extending gains, 149.18 high within reach
Technical Analyst
1
Extending gains and break above the May high at 148.65 return focus to the 149.18, 16 July high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | ** | figure, congestion | S1 | 148.00 | * | Jun high | |
| R3 | 149.40 | * | 50% Jan/Apr fall | S2 | 147.00 | * | congestion | |
| R2 | 149.00/18 | ** | congestion, 16 Jul high | S3 | 146.55 | * | Mar low | |
| R1 | 148.65 | * | May high | S4 | 146.00/85 | ** | congestion, 24 Jul low |
Asterisk denotes strength of level
01:00 GMT - Extending gains and break above the May high at 148.65 return focus to the 149.18, 16 July high. Would expect reaction at the latter but bullish momentum from the 146.00/145.85 support suggest scope for break later. Clearance will see room to further retrace the January/April losses to target 149.40, 50% Fibonacci level. Beyond this open up the 150.00 figure. Meanwhile, support is raised to the 148.00 June high which should underpin and sustain gains from the Friday's low.