Published: 2025-08-25T01:05:42.000Z
Chart USD/JPY Update: Outside range weighs
Technical Analyst
3
Rejection from the 148.65/149.00 resistance has seen pullback to retest support at 146.55, 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 | 145.20/00 | * | congestion | |
| R1 | 148.00 | * | Jun high, congestion | S4 | 144.70 | * | Apr trendline |
Asterisk denotes strength of level
01:00 GMT - Rejection from the 148.65/149.00 resistance has seen pullback to retest support at 146.55, March low. The resulting outside range suggest consolidation here giving way to renewed selling pressure later. Would take break of the 146.55/146.00 area to extend losses from the 150.92 high turn focus lower to the 145.00 level then the 144.70, April trendline. Meanwhile, resistance is lowered to the 148.00 congestion which is expected to cap and sustain rejection from the 145.65/149.00 resistance.