Published: 2025-09-04T01:11:07.000Z
Chart USD/JPY Update: Capped at the 148.65/149.00 resistance
Technical Analyst
-
Retest of the strong resistance at the 148.65/149.00 area has given way to fresh selling pressure to cap bounce attempt
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.92/00 | ** | Aug high, congestion | S1 | 148.00 | * | Jun high, congestion | |
| R3 | 150.00 | * | figure | S2 | 147.50 | * | 28 Aug high | |
| R2 | 149.00 | * | congestion | S3 | 146.55 | * | Mar low, congestion | |
| R1 | 148.65 | ** | May high, congestion | S4 | 146.00 | ** | congestion |
Asterisk denotes strength of level
01:00 GMT - Retest of the strong resistance at the 148.65/149.00 area has given way to fresh selling pressure to cap bounce attempt. Pullback see support starting at the 148.00 level and below here will open up room for retest of the support at 147.50 then the 146.55 congestion. Would take break here to extend the broader losses from 150.92 August high to support at the 146.00 and 145.00 congestion. Would take break of the 148.65/149.00 resistance to further retrace the January/April losses.