Published: 2025-09-05T00:58:02.000Z
Chart USD/JPY Update: Consolidating below 148.65/149.00 resistance
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Settled back from test of strong resistance at the 148.65/149.00 area
| 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
00:50 GMT - Settled back from test of strong resistance at the 148.65/149.00 area as prices consolidate bounce from the 146.55 support. Break here, if seen, will open up room for extension to the 150.00 level. Meanwhile, support is at the 148.00 level and see break here to open up room for retest of the support at 147.50 then the 146.55 congestion. Would take break of these to extend the losses from the August high at 150.92 and see deeper pullback to retrace choppy gains from the 140.00, April current year low.