Published: 2025-07-31T01:18:53.000Z
Chart USD/JPY Update: Extending April gains
Technical Analyst
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Consolidation at the 148.65 resistance has given way to break to extend gains from the April low to reach the 200-day MA at 149.53
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 151.20/30 | ** | Mar highs | S1 | 148.65 | ** | May high | |
| R3 | 150.92 | * | 7 Feb low | S2 | 148.00 | ** | Jun high | |
| R2 | 150.00 | ** | figure, congestion | S3 | 147.00 | * | congestion | |
| R1 | 149.53 | 30 Jul high | S4 | 146.55 | * | Mar low |
Asterisk denotes strength of level
01:10 GMT - Consolidation at the 148.65 resistance has given way to break to extend gains from the April low to reach the 200-day MA at 149.53. Break here will further retrace the January/April losses and turn focus to the 150.00 level where reaction can be expected to unwind the overbought daily studies. Meanwhile, support is raised to the 148.65/148.00 area which should underpin and sustain bounce from the 146.00 low of last week. Only break of the 148.00 support will fade the upside pressure and see room for deeper pullback.