Published: 2025-09-17T00:54:11.000Z
Chart USD/JPY Update: Back to pressure 146.55/146.00 support
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Consolidation above the 147.00 level has given way to break lower to retest strong support at the 146.55/146.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 149.00 | ** | congestion | S1 | 146.00 | ** | congestion | |
| R3 | 148.65 | ** | May high, congestion | S2 | 145.40 | * | 50% Apr/Aug rally | |
| R2 | 148.00 | * | congestion | S3 | 145.00 | * | congestion | |
| R1 | 147.00 | * | congestion | S4 | 144.10/00 | * | 61.8%, congestion |
Asterisk denotes strength of level
00:45 GMT - Consolidation above the 147.00 level has given way to break lower to extend pullback from resistance at the 148.00/149.00 lower highs to retest strong support at the 146.55/146.00 area. Break here will open up room to further retrace the broad choppy gains from the April low and see room to support at 145.40, 50% Fibonacci level, then the 145.00 level. Meanwhile, resistance is lowered to the 147.00 level now expected to cap and sustain pullback from resistance at the 148.00/149.00 area.