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Published: 2025-10-03T00:37:47.000Z

Chart USD/JPY Update: Higher in consolidation from 146.55/50 support

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Turning up from test of 146.55/50 support and trendline from the April low as prices consolidate losses from the high of last week

 LevelsImpComment  LevelsImpComment
R4150.00**figure S1146.55/50**Mar low, Apr trendline
R3149.00**congestion S2146.00*congestion
R2148.65*May high, congestion S3145.40*50% Apr/Aug rally
R1148.00*Jun high, congestion S4144.10*61.8% Apr/Aug rally

Asterisk denotes strength of level

00:25 GMT - Turning up from test of 146.55/50 support and trendline from the April low as prices consolidate losses from the high of last week and unwind oversold intraday studies. Daily studies are stretched as well and suggest scope for bounce with resistance starting at the 148.00 congestion. Break here, will return focus to the strong resistance at the 148.65/149.00 area. Failure to hold  the 146.55/50 support will open up room for extension to the 146.00 level and 145.40, 50% Fibonacci level. 

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Topics
USD/JPY-TA
DM-Technical
Technical Analysis

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