Published: 2025-08-18T00:56:22.000Z
Chart USD/JPY Update: Range-bound
Technical Analyst
2
No follow-through on break below the 147.00 level last week as prices edged up in consolidation above the 146.55/146.00 support
| 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 - No follow-through on break below the 147.00 level last week as prices edged up in consolidation from the 146.55/146.00 support. Mixed daily studies suggest further sideway ranging action below the 148.00 level but break cannot be ruled out. Clearance will see room for retest of the strong resistance at the 148.65/149.00 area. Meanwhile, support at the 146.55/146.00 area continues to underpin. Would take break here to extend the losses from the 150.92 high and further retrace the broad choppy April/August gains.