Published: 2025-08-14T00:58:00.000Z
Chart USD/JPY Update: Under pressure, 146.55/146.00 support at risk
Technical Analyst
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Under pressure as consolidation around the 148.00 level has given way to selling pressure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.90/00 | ** | 7 Feb low, congestion | S1 | 146.55 | * | Mar low | |
| R3 | 149.00 | * | congestion | S2 | 146.00 | ** | congestion | |
| R2 | 148.65 | ** | May high | S3 | 145.00 | * | congestion | |
| R1 | 148.00 | * | Jun high | S4 | 144.00 | * | congestion |
Asterisk denotes strength of level
00:50 GMT - Under pressure as consolidation around the 148.00 level has given way to selling pressure below strong resistance at the 148.65/149.00 area. Pullback return focus to strong support at the 146.55/146.00 area. Break here will extend sharp losses from the 150.92 high and further retrace the broad choppy April/August gains and see room to the 145.00 congestion then April channel support at 144.50. Meanwhile, resistance remains at the 148.00 congestion and this extends to the 148.52, Tuesday bounce high.