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
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | ** | figure | S1 | 146.55/50 | ** | Mar low, Apr trendline | |
| R3 | 149.00 | ** | congestion | S2 | 146.00 | * | congestion | |
| R2 | 148.65 | * | May high, congestion | S3 | 145.40 | * | 50% Apr/Aug rally | |
| R1 | 148.00 | * | Jun high, congestion | S4 | 144.10 | * | 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.