Published: 2025-08-27T13:12:46.000Z
Chart USD/JPY Update: Range extension - potential for a test higher
Senior Technical Strategist
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Still little change
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.92 | ** | 1 Aug (w) high | S1 | 147.00 | ** | range lows | |
| R3 | 150.00 | ** | congestion | S2 | 146.00 | ** | break level | |
| R2 | 149.00 | congestion | S3 | 145.00 | * | congestion | ||
| R1 | 148.00 | * | break level | S4 | 144.00 | * | congestion |
Asterisk denotes strength of level
13:50 BST - Still little change, as prices extend choppy trade within the 147.00-148.00 range. Daily stochastics have turned higher, highlighting room for a test above resistance at 148.00. But the flat daily Tension Indicator and mixed weekly charts are expected to limit initial scope in fresh consolidation beneath congestion resistance at 149.00. Meanwhile, support remains at the 147.00 range lows. But a close below 146.00 is needed to turn sentiment negative and extend August losses initially to congestion around 145.00.