Published: 2025-08-29T01:01:48.000Z
Chart USD/JPY Update: Leaning lower towards 146.55 support
Technical Analyst
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Leaning lower in choppy trade from the 148.00 level to pressure support at 146.55, congestion and March low.
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 150.00 | * | figure | S1 | 146.55 | * | Mar low | |
| R3 | 149.00 | * | congestion | S2 | 146.00 | ** | congestion | |
| R2 | 148.65 | ** | May high, congestion | S3 | 145.00 | * | congestion, trendline | |
| R1 | 148.00 | * | Jun high, congestion | S4 | 144.00 | * | congestion |
Asterisk denotes strength of level
00:50 GMT - Leaning lower in choppy trade from the 148.00 level to pressure support at 146.55, congestion and March low. Negative daily and weekly studies weighs and suggest eventual break here and the 146.00 level to extend the broader losses from the 150.92 high. Lower will open up room for deeper pullback to the support at the 145.00 level and trendline from the April low. Meanwhile, resistance at the 148.00 congestion is expected to cap and sustain rejection from the 148.65/149.00 resistance.