Published: 2025-10-01T00:43:49.000Z
Chart USD/JPY Update: Consolidating at 148.00, lower later
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Pullback from test of the 150.00 level has seen losses to reach 147.65 low before turning up to consolidate at the 148.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 151.60 | * | 61.8% Jan/Apr fall | S1 | 147.45 | * | 23 Sep low | |
| R3 | 150.90/00 | ** | 1 Aug high, congestion | S2 | 147.00 | congestion | ||
| R2 | 150.00 | ** | figure | S3 | 146.55/50 | * | Mar low, congestion | |
| R1 | 149.00 | * | congestion | S4 | 146.00 | ** | congestion |
Asterisk denotes strength of level
00:35 GMT - Pullback from test of the 150.00 level has seen losses to reach 147.65 low before turning up to consolidate at the 148.00 level. Consolidation here see prices unwind oversold intraday studies but negative daily studies suggest this giving way to renewed selling pressure later. Lower will see extension to 147.45 and the 147.00 congestion. Below this will return focus to the 146.50/146.00 support. Meanwhile, resistance at the 148.65/149.00 area now expected to cap bounce attempt and sustain losses from the 150.00 level.